International Monetary Systems Announces Promotions and Realignment of Executive Officers

NEW BERLIN, Wis., June 21, 2011 /PRNewswire/ -- International Monetary Systems, Ltd. (OTCBB: ITNM), a worldwide leader in business-to-business barter services, today announced that its Board of Directors has authorized a restructuring of its executive officers as part of a planned transition and succession plan.

At its regularly scheduled meeting on June 14, 2011, the Board appointed John E. Strabley as Chief Executive Officer and Dale L. Mardak as President of the company. Both had previously been named executive officers. IMS founder, Donald F. Mardak, who had held both of these titles, will remain active in management of the company, retaining the title of Chairman of the Board.

John E. Strabley, 47, has been the Executive Vice President of International Monetary Systems, Ltd. since 1992 and a director since 1997. Mr. Strabley joined Continental Trade Exchange, Ltd. as a trade broker in 1991. In 1992, he was promoted to General Manager and, in August of that year, was appointed as Vice President of Continental Trade Exchange and IMS. In 1995, Mr. Strabley passed the barter industry certification examination and was awarded with the industry's prestigious designation of CTB - Certified Trade Broker. In 1997, Mr. Strabley became a director of both Continental Trade Exchange, Ltd. and IMS.

Dale L. Mardak, 51, has been Senior Vice President of International Monetary Systems since 1995, and a director since 1997. He joined Continental Trade Exchange, Ltd. in 1993 as a trade broker and was appointed trade director in 1995. In 1997, he was elected Treasurer and a director of both Continental Trade Exchange and IMS. In 1999, Mr. Mardak also received the designation of CTB - Certified Trade Broker. He has been a member of the Board of Directors of NATE, the National Association of Trade Exchanges, and served as secretary of that association.

In conjunction with their prior vice president titles, Messrs. Strabley and Dale Mardak have been functioning as Co-Chief Operating Officers, managing the day-to-day operations of the company.

In addition to these executive promotions, Kim Strabley, MTB, has been appointed as a Vice President of International Monetary Systems, Ltd. Previously, Kim held the title of Director of the Travel and Reciprocal Division. In that role, Mrs. Strabley has been the public face of IMS to the barter industry. She was the first person to receive the National Association of Trade Exchange's Broker-of-the-year award and the industry's highest designation of Master Trade Broker (MTB). Currently, Kim is the lead person on the new combined barter certification program co-hosted by NATE and the International Reciprocal Trade Association (IRTA). She will also be handling an expanded role within IMS.

About International Monetary Systems

Founded in 1985, International Monetary Systems (IMS) serves 23,000 cardholders in 51 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: www.imsbarter.com.

Contact:
International Monetary Systems, Ltd., New Berlin, WI
Company Contact:
John Strabley – Chief Executive Officer
(800) 559-8515

SOURCE International Monetary Systems, Ltd.