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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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