International Monetary Systems 2008 Annual Report

International Monetary Systems (OTCBB:INLM), a worldwide leader in business-to-business barter services, has unveiled its Annual Report for 2008.

Gross Revenue & Expenses

In 2008 IMS experienced positive cash flows from operations of more than $610,000, and operating profits (EBITDA) totaling nearly $594,000. However after deducting amortization and impairment of its membership lists, as well as bad debt expense and depreciation, the company posted a net loss of $940,521, compared to a net loss of $414,290, in 2007.

The impairment loss was recorded when estimated future cash flows were calculated as less than anticipated at the time of the original acquisitions. Management believes that these expenses represent investment in infrastructure that will provide substantial future organic growth.

During the year ended December 31, 2008, IMS processed more than $114 million in trade sales transactions, generating gross revenue of $14,203,550, compared to $14,772,045 in 2007. A substantial portion of the decline in revenue was experienced in the corporate barter division, resulting in a decline in trade revenue.

Total operating expenses increased from $14,945,745 in 2007 to $15,448,086 for the year ended December 31, 2008, an increase of 3.3%.

Payroll expenses increased 2.7% from $9,228,485 in 2007 to $9,483,364 in 2008, while occupancy expenses increased from $969,243 to $1,078,288, or 11.4%.

Selling expenses increased 22.4%, from $687,079 in 2007 to $840,926 in 2008. The increase in selling expenses was a direct result of an expanded sales force early in the year. However, the sales department has been reduced and expenses in 2009 should decrease proportionately.

General and administrative expenses were reduced 13.1%, from $2,319,680 to $2,014,856. Depreciation and amortization expenses were increased 12.2%, from $1,465,367 to $1,643,534. This was mainly a result of the new exchanges acquired in 2008.

Net cash flows from operations totaled $610,238 in 2008, compared to $945,111 in 2007. EBITDA (earnings before interest, taxes, depreciation and amortization) totaled $593,728, compared to EBITDA of $1,375,839 in 2007.

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Unsold TV Time Gets Boost From Global Media Capital Fund

To prevent unsold TV time from becoming worthless assets, TV stations are quietly placing their non-performing inventory into a new financial system in order to get long term cash returns. Global Media Management has created the Global Media Capital Fund 1, LP financial system. TV stations joining the fund are immediately taking a future non-income-producing event, unsold TV time, and converting it into a current asset on its balance sheet.

�Conceived by our Madison Avenue advisors and with input from our Wall Street mentors, it doesn�t cost the TV station a dime to participate in our fund. Similar to a traditional mutual fund; the collective amount and diversity of these TV slots capitalizes a portfolio of carefully selected firms.

�The future availability of this advertising time, called prepaid media credits, and the obligation of the TV outlet to provide them on demand, forms the TV stations� capital investment of time slots into the fund.

�Then when Global Media Management sells the slot on their behalf, the station gets back a whopping 80% of the revenue. We are already using more than $1 billion in media assets to help consumer products manufacturers, entertainment companies, software developers and other qualified businesses to realize their market and profit potential,� states Sam Cooper, Chairman/CEO, Global Media Management.

The Global Media Capital Fund 1, LP is capitalized with �prepaid media credits� in the form of appraised and audited advertising time and space. Spot television, radio, magazine, newspaper, and Internet advertising contributed by media outlets represent future opportunities for the fund to use whenever and however it is needed. All prepaid media credits are scheduled for delivery within a ten-year term.

The initial dollar value of the media invested in $1 million increments is negotiated by the fund and by each media outlet. This initial value is reduced as insertion orders are placed consuming the media at a negotiated rate on the day the insertion orders are placed. Spot price on insertion orders will be negotiated directly by the fund or one of the Big 5 Media buying agencies on behalf of the fund.

For each $1,000,000 of prepaid media credits invested by a media outlet, they receive a $1,000,000 limited partnership interest in the fund. The immediate effect of this transaction is that the media outlet, now a limited partner, can take a future non-income-producing event and convert it into a current asset (i.e. the limited partnership interest) on its balance sheet.

Once prepaid media credits reside in the fund, they can be used in two different ways. They can be invested directly as if they were cash or they can be used as collateral to secure cash.

For more information go to www.globalmediacapitalfund.com.

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