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ITEX�s White Expects More Vibrant B-2-B Trading Community

In a recent �Message From The Chairman of ITEX,� CEO Steven White told shareholders that the company will take calculated risks to generate even stronger revenue growth and greater profits than those the company accomplished over the last three years, since taking the helm.

White asserted, �I envision a greater and more vibrant business-to-business trading community as we move forward with our planned initiatives.�

When White became Chairman and CEO, ITEX had a contracting member base, mounting legal issues, declining revenues, a negative net worth, and a market capitalization of $2 million.

In a short three years revenues went up 38% (compared to fiscal 2003) and the company completed three consecutive years of positive net income, while market capitalization grew 500%.

The company is moving corporate headquarters into a larger facility this month, expanding from 4,500 square feet to 7,000 square feet. (The move is a few miles from their previous headquarters.)

For more information on the 22,000 member organization visit: www.itex.com.

Editor�s Note: ITEX San Diego is holding a Power Dinner Mixer on Tuesday January 9. For more information call Art Kaliel at (760) 613-6412.



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