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06/28/2011

IMS Barter Executive Changes Announced

International Monetary Systems (OTCBB:ITNM) has reported 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 remained as Executive Vice President of IMS since 1992, and served as a director since 1997. Strabley joined Continental Trade Exchange as a trade broker in 1991. In 1992 he was promoted to General Manager, and later that year was appointed as Vice President of Continental Trade Exchange and IMS. In 1995, Strabley passed the barter industry CTB examination and received the prestigious Certified Trade Broker designation. In 1997, he became a director of both Continental Trade Exchange and IMS.

Dale L. Mardak, 51, has been Senior Vice President of IMS since 1995, and a director since 1997. He joined Continental Trade Exchange in 1993 as a trade broker and was appointed trade director in 1995. By 1997 he was elected Treasurer and a director of both Continental Trade Exchange and IMS. Two years later Mardak received his CTB designation. He has been a member of the Board of Directors of NATE (National Association of Trade Exchanges), and served as secretary of that association.

In conjunction with their prior vice president titles, both Strabley and 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 IMS. She previously held the title of Director of the Travel and Reciprocal Division. In that role, Kim represented the public persona of IMS to the barter industry. She was the first person to receive NATE's Broker-of-the-Year award and earned 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.

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