Green Apple Barter Targets $2 Million In Itex Transactions
ITEX
Corporation (OTCBB:ITEX) has announced that Green Apple Barter
Services, based in Pittsburgh (PA), has set a goal to provide $2
million in products and services into the membership trading
community in the next twelve months. Since 1991, Green Apple has
managed over $400 million in barter activity for their client
companies from Boston to Honolulu.
�Over the past
couple years, ITEX has made substantial improvements in their
national network and my confidence continues to grow with their
organization,� said Michael Krane, founder and president of Green
Apple.
�It just makes
sense for my company to increase the amount of business we do with
ITEX, since it can be quite difficult to manage and reconcile
transactions with independent, smaller exchanges. With over 1,400
members and transaction volume last year exceeding $48 million, we
need to move large quantities of products to trusted trading
partners to keep growing our business.�
Steven White,
chairman/CEO of ITEX, divulged �Our goal is to only have the highest
caliber of reciprocal relationships with other companies that manage
trading communities. Select reciprocal relationships can be a great
asset for ITEX and our trading partners where there is a foundation
of mutual respect, trust, and a desire to help grow each others�
businesses.
�Many of our
past reciprocal relationships have not lived up to these fundamental
expectations. Some have been disguised as Trojan Horses, leading our
members and their high demand products and services into the hand of
competitors, while many others have taken from our marketplace
without giving back,� he admitted.
�As a result,
we have reduced the number of reciprocal relationships from more
than 200 in 2005 to less than 90 today; ultimately we want to reduce
the number to ten.�
White added,
�As we continue to refine our list of trading partners, we look to
those companies who have an established, reputable operation that
will compliment our trading community, not compete with it. We then
look to the principals of these companies as we need to have a high
level of trust, based upon years of integrity and professionalism,
and who are fair and reasonable if conflicts arise.
�Green Apple
and their principals meet these high standards and our relationship
has been very positive and mutually beneficial from the start. We
are pleased to have them as one of our top core reciprocal
partners.�
For more
information, please visit
www.itex.com
and
www.greenapplebarter.com.