International Monetary Systems Files 3rd Quarter Report

Barter Firm Continues Profitability Trend

Please replace the release dated November 17, 2009 with the following corrected version due to changes in the financial tables.

The corrected release reads:

INTERNATIONAL MONETARY SYSTEMS FILES 3RD QUARTER REPORT

International Monetary Systems, Ltd. (OTCBB: ITNM), a worldwide leader in business-to-business barter services, has filed its 3rd quarter report on form 10-Q.

During the nine months ended September 30, 2009, International Monetary Systems (IMS) is realizing 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 $1,300,000 compared to the first three quarters of 2008.

* Total Liabilities were reduced by more than $1.5 million compared to December 31, 2008.

* Net income from operations improved by more than $1,100,000 over the same nine months of last year.

* Unrestricted cash available has increased by 94.9% since December 31, 2008.

* 190,006 shares were repurchased and added to treasury stock since December 31, 2008.

CURRENT QUARTER

During the quarter ended September 30, 2009, International Monetary Systems generated gross revenues of $3,526,792, substantially flat compared to revenue of $3,537,840 in the third quarter of 2008.

Operating expenses in the third quarter were $3,169,126, a 9.8% decrease compared to $3,511,054 in the third quarter of 2008. The decrease is primarily due to efficiencies realized in personnel and administrative costs.

The combination of revenue change and expense controls resulted in net operating income of $357,666 for the quarter, compared to $26,786 in the third quarter of 2008.

After adjusting for interest and income tax expense, the net profit for the current period was $214,180, compared to a net loss of $121,516 in the third quarter of 2008.

Operating profit or EBITDA (earnings before interest, taxes, depreciation and amortization) for the quarter totaled $748,792, a 67.8% increase over the $446,417 reported in the third quarter of 2008. EBITDA is calculated as follows:

	Â
		Three Months Ended
		September 30,		Â	Â	September 30,
		2009				2008
								Â
Net income (loss)		$	214,180			$	(121,516	)
Interest expense			55,345				74,119
Income tax expense			88,224				76,282
Depreciation			55,095				75,389
Amortization		Â	335,948			Â	342,143
								Â
		$	748,792			$	446,417
								Â

YEAR TO DATE

During the nine months ended September 30, 2009, International Monetary Systems generated gross revenue of $10,359,835 compared to $10,596,113 last year, a decrease of 2.3%.

Total operating expenses decreased from $11,039,616 in the first three quarters of 2008 to $9,654,974 for the same period in 2009. This is a reduction of 12.6%.

Net income from operations was $704,861 for the first nine months of 2009, compared to a loss of $443,503 for the same period last year, an improvement of $1,148,364. Cash flow from operations for the first nine months of 2009 totaled $1,464,936, compared to $310,428 for the same period of 2008, an increase of 372%

Operating profit or EBITDA (earnings before interest, taxes, depreciation and amortization) totaled $1,921,768, an increase of $1,130,464 or 143% compared to the $791,304 reported for the same period of 2008. EBITDA is calculated as follows:

	Â			Â	Â
		Nine Months				Nine Months
		Ended				Ended
		September 30,				September 30,
		2009				2008
								Â
Net income (loss)		$	339,762			$	(416,616	)
Interest expense			180,335				202,485
Income tax expense  (benefit)			185,343				(219,718	)
Depreciation			208,483				222,192
Amortization		Â	1,007,845			Â	1,002,961
								Â
		$	1,921,768			$	791,304
								Â

On September 30, 2009, current assets were $2,537,021, and current liabilities were $2,985,347. Total stockholder equity increased 5.3% from $8,019,231 at the end of last year to $8,450,685 on September 30, 2009.

At the end of the third quarter of 2009, the Company's unrestricted cash balance was $544,207, compared to $279,227 on December 31, 2008.

About International Monetary Systems

Founded in 1985, International Monetary Systems (IMS) serves 17,000 businesses 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 Web site at: www.imsbarter.com.

Contacts:

International Monetary Systems, Ltd., New Berlin, WI
John Strabley, 800-559-8515
[e-mail]
http://www.imsbarter.com