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ITEX Expands Executive Privileges Program, Partners With Simply Hired To Launch Electronic Job Listing Board

ITEX Corporation (OTCBB:ITEX) has partnered with Simply Hired to launch an electronic job listing board called ITEX Jobs. Preferred Payment Plan (3P) members will be able to list job postings and have these listings distributed throughout Simply Hired’s network...including high traffic sites such as LinkedIn, My Space, and the recently launched Job-a-matic publisher network at www.jobamatic.com.

3P members will be able to participate in this program for the low price of 10-ITEX dollars. Members will be offered this service at a substantial discount from what other businesses must pay for in cash—some as high as $495 per listing—on other popular job listing services or in their local newspapers.

“The goal is to provide real value in areas we believe help small businesses be successful.,” stated Steven White, Chairman and CEO. “We believe that by lowering the cost of hiring we can help to substantially boost our ITEX (member) businesses’ profitability.”

The firm is expanding the services it provides its members to include recommended vendors, to assist them in operating their business. “Where we are unable to provide a vendor in our electronic barter system, we will team up with a leading company to provide discounts, personalized service, and added value,” White clarified.

The Executive Privileges Program leverages the bargaining power of the 22,000 member ITEX businesses, to derive benefits that individual member businesses would be unable to obtain on their own.

“We look forward to working with ITEX to bring their members additional value,” Gautam Godhwani, CEO of Simply Hired, declared, “whether they are looking to hire employees for their business or seeking to find their dream job.”

Simply Hired has been lauded as one of the “50 Coolest Websites 2005” by Time Magazine, declared “Best of the Web” by Business Week, and celebrated as one of “50 Best New Websites” by PC World.

The company has raised $17.7 million in funding from News Corporation’s Fox Interactive Media, Foundation Capital, Garage Technology Ventures, and individual investors. Simply Hired, www.simplyhired.com, is privately held and based in Mountain View (CA).

Headquartered in Bellevue (WA), ITEX processes more than $250 million a year in transactions through 22,000 member businesses that are managed by 95 franchisees and licensees.

For more information go to www.itex.com, or e-mail alan@itex.com.