ITEX CEO Likes What He Sees — Buys Part Of Blogging Company

ITEX Corporation (OTCBB:ITEX) announced it was teaming with MyTypes.com, an online Seattle company, and had made an equity investment in the private company.

Steven White, chairman and CEO stated, “MyTypes has developed a very customer-centric method to make business blogging easier and friendlier. We are pleased to be able to make the benefits and convenience of MyTypes' services available to our thousands of members utilizing ITEX dollars.

“Blogging is only a small part of how MyTypes will assist us. The ITEX Marketplace will also be made available to the expanding MyTypes business community, currently with more than 5,000 blogs and ranking in the top 10 of major search engine placement for blog-related keywords.”

He continued, “We were so impressed with their team that ITEX also took a 15% equity position in MyTypes. As part of our collaboration, two MyTypes senior software engineers have been retained to work on our in-house initiatives over the next three months. This should prove to be a win-win situation for all parties.”

“ITEX and MyTypes share a similar commitment to making the online marketplace easy to use, and creating a positive and profitable business community for small business,” said Vipin Singh, co-founder and CEO of MyTypes.

“Just as ITEX created a new and better way for small business to increase sales, MyTypes has developed a powerful business blogging platform with built-in promotion for better rankings in the search engines for its business community. We’re really looking forward to proving our value throughout the trading community and building the world’s largest small-business community and online marketplace.”