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07/17/2007

ITEX Believes Key To Growth Is Networking

ITEX Corporation (OTCBB:ITEX) has widened its commitment to increasing new member registrations by confirming an agreement with Internet commerce veteran Othniel Palomino, who led the launch of the Executive Privileges Program in April 2007. 

�Othniel did a sensational job getting the Executive Privileges Program launched,� noted ITEX CEO Steven White. His immediate priorities will be to refine the program and develop additional partnerships and programs to encourage new member registrations.

Palomino brings to ITEX more than 22 years of software and internet experience. A former executive vice president at Network Commerce in Seattle (WA), Palomino was responsible for its business commerce network. He was a Microsoft group manager from 1991 to 1997.

Assisting in the execution of the three-point strategy for increasing the ITEX membership ranks, Palomino complements the efforts of their new National Sales Director, Doug Dagenais. �Together,� said White, �Palomino and Dagenais expand our efforts to push new member enrollment to a higher level.�

The three-point strategy includes:

  1. Double the member registration by our franchise network.

  2. Re-branding of the ITEX trading community, including the Executive Privileges Program.

  3. Partner program to generate qualified small business referrals from third parties.

A resident of Seattle, Palomino holds an engineering degree from Princeton and an MBA from Stanford.

For more information on ITEX see www.itex.com.

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