International Monetary Systems Receives Additional $2.1 Million in Funding

New Berlin, Wis., October 02, 2006 -- International Monetary Systems, Ltd. (OTCBB:INLM), a worldwide leader in business-to-business barter services, announced today that it has received another $2.1 million in debt and convertible-debt financing from a private investor.

IMS received an investment of $1,465,000 that is secured by a promissory note to be retired over a 38-month payment schedule. The same investor also provided $635,000 secured by a convertible two-year note. After two years, at the option of the investor and in lieu of cash payments, IMS shall transfer 1,024,194 shares of IMS $.0001 par value common stock to the investor ($635,000 at $.62 per share).

Additional details of these transactions are available in the Form 8-K report filed by International Monetary Systems at www.sec.gov.

About International Monetary Systems

Founded in 1985, International Monetary Systems (IMS) currently serves more than 15,000 customers representing 22,000 cardholders in 38 U.S. markets. Based in New Berlin, Wis., IMS is one of the largest publicly traded barter companies in the world and is continually expanding its exchange locations. The company's proprietary transaction network enables businesses and individuals to trade goods and services throughout North America. Using an electronic currency known as trade dollars, IMS exchanges allow companies to create cost savings and to improve operations by taking advantage of barter opportunities in their business models. Managed by seasoned industry veterans, IMS is a recognized member of the National Association of Trade Exchanges (NATE) and the International Reciprocal Trade Association (IRTA). Further information can be obtained at the company's Web site at: www.internationalmonetary.com.

Contact:

International Monetary Systems, Ltd., New Berlin, WI
John Strabley, 800-559-8515

Source: International Monetary Systems, Ltd.