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06/03/2008

ITEX Becomes Sponsor Of NYC Entrepreneurs’ Organization

ITEX Corporation (OTCBB:ITEX), a leading marketplace for cashless business transactions in North America, announced today it has become a regional sponsor of the New York City chapter of the Entrepreneurs’ Organization (EO).

Sponsors receive an introduction to the Chapter’s membership, access to all events, special placement on the Chapter’s web site, and ongoing recognition in monthly newsletters.

“John Castoro, the top ITEX franchisee in the U.S., and I met at the New York Restaurant Show last year,” reflected Steve Savad, NYC chapter director and founder of Restaurant.com. “I thought the business model of a trading community was intriguing and a great fit for many of the EO member companies. Among the missions of EO is to source value-added partners that provide offerings that can help our member companies better succeed.

“As I better understood how their trading system works,” Savad continued, “it became apparent that it was a natural fit with our fast-growing companies. Our members and I look forward to contributing to ITEX’s success by growing their (bartering) community, while helping each of our members via their nationwide cashless marketplace.”

“We look forward to working closely with Steve Savad and the EO New York City Chapter,” revealed Steven White, Chairman and CEO of ITEX. “The goal is to register all the businesses in that chapter, and we are off to a great start. Already nearly a dozen EO New York businesses have completed their registration, including Go Green Expo, Fuel Outdoor, Advantage, and 888 Red Light. The quality of these new members is exceptional.

“Since cross marketing to business organizations is a great way to grow our membership base, we continue to selectively search for high quality partnerships and relationships throughout the country to promote ITEX services to the business community,” White pointed out.

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


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