International Monetary Systems Files First Quarter Report

New Berlin, Wis., May 19, 2008 -- International Monetary Systems, Ltd. (OTCBB:INLM), a worldwide leader in business-to-business barter services, today filed its 2008 first quarter report on Form 10-Q.

During the current quarter, International Monetary Systems continued expanding its sales staff and investing in other infrastructure enhancements. As a result, the company enrolled more than 900 new members in the quarter. Though this is a somewhat costly endeavor, management believes that the new clients will provide strong organic growth in the future. IMS also continued the conversion of its proprietary accounting and tracking system and added additional personnel to accelerate the finalization of its new interactive online marketplace. Both of these will be rolled out soon, with completion expected during May and June of this year.

For the three months ending on March 31, 2008, International Monetary Systems generated gross revenue of $3,518,839 compared to $3,301,009 last year, an increase of 6.6%.

Total expenses increased from $3,349,666 in the first quarter of 2007 to $3,828,108 for the same period in 2008. This increase of 14% occurred primarily because of additional overhead costs from prior acquisitions, the expansion of our outside sales force, and the infrastructure expenses described above. As a result, the net loss from operations was $309,269 for the first three months of 2008, compared to a loss of $48,657 for the same period last year. $96,676 of the higher loss in 2008 was a result of the increase of non-cash items such as depreciation, amortization and a higher provision for bad debt. After including the income tax benefit, net loss for the current period was $230,907, compared to $63,272 last year.

The deferred tax benefit represents the adjustment to the deferred tax liability, which arises from the differences in basis of acquired membership lists for financial reporting versus tax reporting.

For the three months ended March 31, 2008, net cash provided by operating activities totaled $43,457, compared to $409,601 for the first quarter of 2007, operating profit or EBITDA - earnings before interest, taxes, depreciation and amortization - totaled $92,674, a decrease of 68% from the $291,277 reported for the first quarter of 2007.

On March 31, 2008, current assets were $3,192,720, and total assets were $17,788,650. Current liabilities were $4,119,992, and total liabilities were $8,954,338, resulting in total shareholder equity of $8,834,312.

At the end of the first quarter of 2008, the Company's unrestricted cash balance was $695,184 compared to $812,365 on December 31, 2007.

The entire 10-Q document can be reviewed at www.sec.gov.

About International Monetary Systems

Founded in 1985, International Monetary Systems (IMS) serves 18,000 customers representing 23,000 cardholders in 50 North American markets including Canada. Based in New Berlin, Wisconsin, and managed by seasoned industry veterans, IMS is one of the largest publicly traded barter companies in the world and is continually expanding its network by adding exchange locations. The company's proprietary transaction clearing software enables businesses and individuals to trade goods and services online throughout North America, using an electronic currency known as trade dollars. The IMS network allows companies to create cost savings and attract new customers by incorporating barter opportunities in their business models. Further information can be obtained at the company's website at: IMS Barter.

Contact:

International Monetary Systems, Ltd., New Berlin, WI
Krista Vardabash, (888) 783-4636, ext. 19
go-ims@imsbarter.com
http://www.internationalmonetary.com

Source: International Monetary Systems, Ltd.