ITEX
Exploring Strategic Alternatives
ITEX
Corporation (OTCBB:ITEX), a leading marketplace for cashless
business transactions in North America, disclosed that it has
retained investment bank Montgomery & Co. as its financial advisor
to assist ITEX’s Board of Directors and management in evaluating a
range of strategic alternatives and opportunities to enhance
shareholder value.
“As our
strategic and financial advisor, Montgomery will help us evaluate a
range of strategic options and update us regarding prevailing market
conditions for mergers and acquisitions,” said Steve White,
Chairman/CEO of ITEX.
“ITEX continues
to advance and execute well and we believe the time has come to
engage an experienced advisor to build on our success. With
Montgomery’s strong track-record helping technology companies, we
look forward to leveraging their experience to maximize shareholder
value,” he concluded.
No timetable
has been set for completion of the review, and there can be no
assurance that this process will result in any specific strategic or
financial transaction. ITEX does not intend to update its progress
or disclose developments with respect to potential initiatives
unless the Board of Directors has approved a definitive course of
action or transaction.
For more
information on ITEX visit
http://www.itex.com.
Montgomery &
Co. is a provider of merger and acquisition advisory, private
placements, and private equity for companies in the media,
communications, information technology and healthcare sectors. The
firm offers its clients in-depth industry knowledge, financial
expertise, access to key relationships and a high degree of customer
service.
For more
information go to
http://www.monty.com.
