ITEX Applauds Midwest Business Exchange Contributions
ITEX
Corporation (OTCBB:ITEX) has recognized Midwest Business Exchange (MBE),
based in Kalamazoo, Michigan, for its impressive contributions to
the ITEX membership trading community during the last fifteen years.
�Midwest
Business Exchange and owner, Jerry Howell, deserve special
recognition for being a stellar reciprocal trading partner with ITEX
for the last 15 years,� said Steven White, chairman/CEO of ITEX.
�With more than $3 million in total transaction volume, MBE is our
most active reciprocal partner. MBE�s top spot may get tougher to
maintain after our announcement last week that Green Apple Barter
has set a goal to provide $2 million in products and services into
the trading community.�
Jerry Howell,
founder/president of MBE stated: �In a little over two years,
Midwest Business Exchange and ITEX have completed over one million
dollars of transactions, coming and going. There�s one thing we
value more than the ITEX dollar, however. That is our relationship
with the many, fine ITEX brokers.�
Howell noted,
�The retail landscape has changed dramatically over the last decade.
Big box stores, national chains, and the internet have damaged local
retailers and their margins have diminished. That�s why exchanges
must strive to discover niches, specialties and forge partnerships
that were not necessary a decade ago. Working with charities is one
way we do this.
�Another such
effort is the subsidiary, National Voice Exchange. NVE is remarkably
similar to a trade exchange, but the members are radio stations and
the currency is a voice credit. This allows stations with a limited
number of voice talents to access over a hundred.
�Can we match
the goal set by Green Apple? We certainly will make every effort not
to MATCH the goal by our colleagues in Pittsburgh but to TOP it! We
might even start a challenge; us folks in the Midwest are sensitive
to bragging rights. Bring it on Mr. Krane!� he concluded.
�I have known
Jerry for close to 20 years,� White reflected, �and appreciate his
strong business ethics, loyalty to his client, and great sense of
humor. We have a high level of trust and mutual respect for each
other based upon years of sound, straight forward business
transactions. As we refine our reciprocal partners to just a very
select group, I am pleased to count MBE as a cornerstone.�
For more information visit
www.itex.com.
