ITEX Maintains Consistency Into 4th Year

Steven White, CEO of ITEX (OTCBB:ITEX), announced modest growth in revenue, operating income, and net income for its fiscal 2007 first quarter ending October 31, 2006. ITEX Corporation’s first quarter report on Form 10-QSB can be found at www.sec.gov.

ITEX has had three consecutive years of profitable operations and continues that trend into the fourth year. The financial highlight for this quarter’s report was the retirement of all remaining debt associated with the July 2005 acquisition of BXI Exchange. The company has no long-term debt.

 “Enthusiasm is high in our broker network,” exclaimed White, “and we plan to harness this positive energy to assist us in several growth initiatives, including co-branding partnerships, marketing campaigns to increase both member registrations and attract potential franchisees, and enhancing member referral programs.

For more information: http://www.itex.com.