Sets 25-Year Sales Record On 28-Day Operating Cycle
Corporation (OTCBB:ITEX) has announced the results of its most
recent operating cycle, ending December 20, 2007. With thirteen
28-day operating cycles each fiscal year, December is traditionally
the company�s best cycle of the fiscal year.
A number of
company records were set during this recent operating cycle (all
numbers are unaudited) including:
business to business combined transaction volume (CTV).
surpassed the $1 million dollar CTV level.
The number-one office
was a Southern California franchise, which topped $1.7
million...triple their CTV for the same period in 2006.
22 offices set
personal records; exceeding their CTV for any previous period.
ITEX cash billings
topped $1.6 million for the period.
company-owned stores (San Francisco, Chicago and Cleveland) doubled
their CTV compared to the first billing cycle after their
acquisition just 5 months ago,� noted Steven White, Chairman and
CEO. �This is a positive sign that our initiatives and integration
have taken a strong foothold.
�We are very
pleased with the depth and breadth of the growth achieved. Growth
occurred on many levels at a large number of our offices,� he
continued. �Our high level of transaction volume translates into
increased cash transaction fees, another shared reward of our
operating cycle just preceding the Christmas holiday is generally
our highest, we hope to continually set additional records
throughout the remaining portion of our fiscal year. These numbers
are not necessary indicative of our performance for the quarter or
the year, but we do believe they indicate that we are gaining
traction with our strategic initiatives.�
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