International Monetary Systems Files 2nd Quarter Report

Barter Firm Has Strong Operating Profit and Cash Flow
NEW BERLIN, Wis.--(Business Wire)--
International Monetary Systems, Ltd. (OTCBB:ITNM), a worldwide leader in
business-to-business barter services recently filed its form 10-Q report for the
second quarter of 2009. It was the company's most profitable quarter in several
years.

In addition, during the six-month period ending June 30, 2009, IMS began to
realize the benefits of the substantial reductions in overhead that the Company
had worked so hard to achieve over the past year. Some highlights are:

* Employee costs were reduced by more than $900,000 from those of the first six
months of last year.
* Total Liabilities were reduced by more than $1.4 million since December 31,
2008.
* Net income from operations improved by more than $800,000 over that reported
for the first six months of last year.
* Unrestricted cash available increased by 44.8% since December 31, 2008.
* 160,672 shares (post-split amount) were repurchased and added to treasury
stock since the end of last year.

CURRENT QUARTER

During the quarter ended June 30, 2009, International Monetary Systems generated
gross revenues of $3,481,819, an increase of 3.9% compared to revenue of
$3,351,224 in the first quarter of 2009, and a decrease of 1.6% compared to
$3,539,434 of revenue in the second quarter of 2008.

Operating expenses in the second quarter were $3,190,938, a decrease of 3.2%
compared to the first quarter of 2009, and a 13.8% decrease compared to the
second quarter of 2008.

The combination of revenue change and expense controls resulted in net operating
income of $290,881 for the quarter, compared to net operating income of $56,314
in the first quarter of 2009, and a net operating loss of $161,020 in the second
quarter of 2008.

After adjusting for interest and income tax expense, the net profit for the
current period was $179,951, compared to losses of $54,369 in the first quarter
of 2009, and $64,193 in the second quarter of 2008, respectively.

Operating profit or EBITDA (earnings before interest, taxes, depreciation and
amortization) for the quarter totaled $703,715 an increase of 50% over the
$469,261 reported for the first quarter of 2009, and a 179% increase over the
second quarter of 2008. EBITDA is calculated as follows:

Three Months Three Months Three Months
Ended Ended Ended
June 30, 2009 March 31, 2009 June 30, 2008

Net income (loss) $ 179,951 $ (54,369) $ (64,193)
Interest expense 66,932 58,058 61,479
Income tax expense (benefit) 44,119 53,000 (155,500)
Depreciation 76,764 76,624 71,934
Amortization 335,949 335,948 338,493

$ 703,715 $ 469,261 $ 252,213

YEAR TO DATE

During the six months ended June 30, 2009, International Monetary Systems
generated gross revenue of $6,833,043, compared to $7,058,273 last year, a
decrease of 3.2%.

Total expenses decreased from $7,528,562 in the first six months of 2008 to
$6,485,848 for the same period in 2009. This is a decrease of $1,042,714, or
13.8%.

The net income from operations was $347,195 for the first six months of 2009,
compared to a loss of $470,289 for the same period last year.

Operating profit or EBITDA (earnings before interest, taxes, depreciation and
amortization) totaled $1,172,976, an increase of 240% from the $344,887 reported
for the same period of 2008. EBITDA is calculated as follows:

Six Months Six Months
Ended Ended
June 30, 2009 June 30, 2008

Net income (loss) $ 125,582 $ (295,100)
Interest expense 124,990 128,366
Income tax expense (benefit) 97,119 (296,000)
Depreciation 153,388 146,803
Amortization 671,897 660,818

$ 1,172,976 $ 344,887

On June 30, 2009, current assets were $2,110,429, and total assets were
$15,528,428. Current liabilities were $2,839,609, and total liabilities were
$7,342,886, resulting in total shareholder equity of $8,185,542. At the end of
the second quarter of 2009, the Company's unrestricted cash balance was
$403,437, compared to $279,227 on December 31, 2008.

About International Monetary Systems

Founded in 1985, International Monetary Systems (IMS) serves 18,000 members
representing 23,000 cardholders in 50 North American markets. 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 using an electronic currency known as trade dollars. The IMS
network allows companies to create cost savings and connect to new customers by
incorporating barter opportunities in their business models. Further information
can be obtained at the company's website at: www.imsbarter.com.

International Monetary Systems, Ltd.
Krista Vardabash, 888-783-4636 ext. 19
go-ims@imsbarter.com
http://www.imsbarter.com

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