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.