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09/02/2008

ITEX Expands National Partnership Team

ITEX Corporation (OTCBB: ITEX), a leading marketplace for cashless business transactions in North America, has augmented its management team with veteran executive Steve Savad, who assumed the position of Director of National Partnerships. Savad co-founded Restaurant.com in 1999 and earlier this year departed from day-to-day management. He will lead the strategy in executing cooperative agreements with national companies who have a base of small business clientele.

�Steve Savad and I were introduced to each other in January and have shared several motivating conversations on partnership strategies over the past couple months,� said ITEX CEO Steven White. �Steve�s energy is contagious. He has a proven record of developing an enterprise and executing high client growth. His talents will be utilized to execute our strategy of partnering with specific organizations to create more members within our trading community.�

Prior to his association with ITEX, Savad spent nine years building and running Restaurant.com. Through his efforts their team grew to over 160 people and partnered with more than 8,000 restaurants across the country. In 2007 alone, the company�s program helped fill millions of empty tables for the industry.

Cameron Johnson, ITEX Business Development Specialist, said the Savad appointment will advance ITEX�s strategy of adding new small businesses to its existing membership base. �Steve�s experience is expected to help make our ITEX member registration program more successful by bringing strategic focus to our efforts to increase member registrations through national partnerships.�

For more information go to www.itex.com.



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