CEO White Envisions Widespread Usage
Of ITEX Digital Currency
By Bob Meyer
Steven White’s tenure as ITEX’s CEO enters its seventh year in June
2010. It’s been quite a ride, full of accomplishments in every
measurable way. One area that’s not often alluded to is the ITEX
stock picture. An investor who purchased ITEX back in June, 2003,
would be holding a 1000% gain in their investment. And now the
company has recently announced it will be paying an annual 10-cent
cash dividend — which computes out to a 20% annual return for those
astute investors who bought early on and sat tight. Entirely
incredible!
White’s goals for ITEX, after listening to his address in Las Vegas,
are most ambitious. His long term objective envisions the use of
ITEX’s digital currency by millions of small-business owners across
America. “Collectively, we have the corporate focus and passion to
be a world-class company.”
The ITEX game plan includes:
1.
Focus on expansion of new franchises, via the maturing mentorship
program. (The company has already duplicated last year’s aggregate
number of franchises in this year’s first five months.)
2.
New member signups. Signups for 2009 were up 26% over 2008 totals.
The company’s recent 28-day cycle saw 521 new member enrollments.
3.
Enhanced trade revenues through new search technology. This new
technology — soon to be unveiled — is a trading platform for the
24,000 networked ITEX membership.
4.
Greater interacting frequency among ITEX brokerages. This will
solidify relationships of the (nearly 100) nationwide brokerages,
and increase the ITEX brand in the marketplace.
