Donald F. Mardak

DONALD F. MARDAK is Chairman of the Board, President and Chief Executive
Officer of International Monetary Systems, Inc. Mr. Mardak has been the
Chief Executive Officer, President, and a Director of IMS since our
inception in 1988. From 1970 to 1974, Mr. Mardak was a partner in
Learning Unlimited, a division of Hal Leonard Publishing Corp. In 1974,
he founded Don Mardak Piano & Organ Centers, Ltd., a chain of retail
piano and organ stores in the Greater Milwaukee Area. In 1985, Mr.
Mardak founded the Continental Trade Exchange barter network under the
name ‘Continental Trading Company,’ a sole proprietorship. Continental
Trading Company was incorporated in 1988 as Continental Trade Exchange,
Ltd., and is now our primary operating subsidiary. Mr. Mardak has served
two terms as President of the National Association of Trade Exchanges,
the principal barter industry trade association, in 1995-96 and again in
1999-2000.