International Monetary Systems Files Quarterly Report

Gross Revenue Increases 89%, Cash Flow Up 74%

New Berlin, Wis., May 22, 2007 -- International Monetary Systems, Ltd. (OTCBB:INLM), a worldwide leader in business-to-business barter services, has filed its form 10-QSB for the first quarter.

The trade exchange acquisitions announced in the fourth quarter of 2006 had a significant, positive impact on International Monetary Systems' gross revenue in the first quarter of 2007. In addition, IMS continued expanding its sales staff, which enrolled more than 750 new clients in the quarter. Though this is a somewhat costly endeavor, management believes that the new clients will provide strong organic growth in the future. The company also made substantial investments in its infrastructure, relocating several offices to larger facilities, purchasing a sizable quantity of new computers and other state-of-the-art equipment, and hiring more sales and broker trainers.

During the quarter ended March 31, 2007, International Monetary Systems processed more than $26.8 million in trade transactions, an increase of 121% over the $12.1 million processed in the first quarter of 2006. This generated gross revenue of $3,301,009 for the current period, compared to $1,742,338 last year, an increase of 89%.

Total expenses increased from $1,713,608 in the first quarter of 2006 to $3,349,666 for the period ended March 31, 2007. This increase of 95% occurred primarily because of additional overhead costs from the acquisitions of National Trade Association and Alliance Barter, Inc., as well as the expansion of the company's outside sales force, and the infrastructure expenses described above. After deducting interest expense and making adjustments for a deferred tax benefit, IMS sustained a net loss of $63,272 for the first quarter of 2007. However, both cash flow and operating profit were strong.

For the three months ended March 31, 2007, net cash provided by operating activities totaled $409,601, compared to $235,556 for the first quarter of 2006, an increase of 74%. Operating profit or EBITDA - earnings before interest, taxes, depreciation and amortization - totaled $291,277, an increase of 47% over the $198,677 reported for the first quarter of 2006. EBITDA is calculated as follows:

                                   Three Months         Three Months
                                      Ended                Ended
                                  March 31, 2007       March 31, 2006
                                 ----------------     ----------------

  Net (loss)                    $        (63,272)    $        (22,116)
  Interest expense                       111,090               74,499
  Income taxes (benefit)                 (93,250)             (22,000)
  Depreciation                            49,979               35,156
  Amortization                           286,730              133,138
                                 ----------------     ----------------

                                $        291,277     $        198,677
                                 ================     ================

Liquidity and Sources of Capital

During the first quarter of 2007, the Company's cash balance grew to $1,841,866 from $930,962 at the end of 2006, and from just $176,115 on March 31, 2006.

On March 31, 2007, current assets were $3,685,069, compared to current liabilities of $2,548,175, a ratio of 1.45 to 1. Total assets were $18,381,113, and total liabilities were $9,748,136, creating total shareholder equity of $8,632,977. This compares to shareholder equity of just $2,251,116 on March 31, 2006, an increase of 283% during the past twelve months.

"This quarterly report shows the remarkable progress that our company has made during the past year," commented Don Mardak, CEO of International Monetary Systems. "While the acquisitions of two of America's largest trade exchanges have had a dramatic effect on our numbers, even more remarkable was the positive cash flow for this quarter, in spite of our continuing investment in future-strategic-growth initiatives."

About International Monetary Systems

Founded in 1985, International Monetary Systems (IMS) serves more than 16,000 customers representing 24,000 cardholders in 44 markets across North America. 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.