International Monetary Systems Acquires Option to Purchase New York Commerce Group

New Berlin, Wis., August 09, 2006 -- International Monetary Systems, Ltd. (OTCBB:INLM), a worldwide leader in business-to-business barter services, announced today that it has acquired an option to purchase the assets of New York Commerce Group (formerly known as Barter Advantage). During the option period, the companies will operate under a revenue-sharing arrangement.

IMS CEO Don Mardak commented: "We are very excited about this opportunity to establish a relationship with New York Commerce Group. NYCG is the finest trade exchange operating in Manhattan, and its owner, Lois Dale, is one of the most respected people in the barter industry. Lois has long been recognized as the 'First Lady of Barter,' and she is the current president of IRTA, the International Reciprocal Trade Association."

Among its more than 700 clients, New York Commerce Group has strong relationships with numerous New York-based media companies, ticket brokers and corporate barter firms. NYCG will also offer IMS members a host of new and exciting travel destinations.

About International Monetary Systems

Founded in 1989, International Monetary Systems (IMS) serves more than 10,000 customers representing 15,000 cardholders in 37 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
http://www.internationalmonetary.com

Source: International Monetary Systems, Ltd.