SOURCE: International Monetary Systems, Ltd.

June 14, 2010 16:37 ET

International Monetary Systems Appoints David A. Powell as Treasurer and Chief Financial Officer

NEW BERLIN, WI--(Marketwire - June 14, 2010) -  International Monetary Systems, Ltd. (OTCBB: ITNM), a worldwide leader in business-to-business barter services, announced today that it has appointed David A. Powell as Treasurer and Chief Financial Officer.

As previously reported in the form 10-K, filed April 2, 2010, IMS had appointed Powell as the Company's interim Chief Financial Officer, designating Mr. Powell as the Company's principal financial officer and principal accounting officer for purposes of any filings with the Securities and Exchange Commission. By the board resolution passed on June 11, 2010, the interim portion of the title was removed and Powell's appointment as chief financial officer, principal financial officer and principal accounting officer was made permanent.

Powell is a Certified Public Accountant with over 10 years experience in public accounting and more than 15 years experience holding a variety of senior financial positions with a number of companies. Prior to joining IMS, he has served as finance and operations manager for the insurance subsidiaries of US Bancorp for more than 10 years, and most recently spent a year as corporate controller for a privately held group of retail service companies and a year as corporate controller for a privately held wholesale marketing and distribution company. Since joining IMS in July, 2009, he has been involved in tax compliance, risk management, and accounting and financial reporting.

IMS' CEO, Don Mardak, commented, "We are extremely pleased to make this appointment of Dave Powell official. Since joining our firm last year, he has brought many refreshing ideas and insights into our operation and has helped us improve efficiencies and internal controls."

About International Monetary Systems

Founded in 1985, International Monetary Systems (IMS) serves 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. 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:

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