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
For more information on the 22,000 member
Note: ITEX San Diego
is holding a Power Dinner Mixer on Tuesday January 9. For more
information call Art Kaliel at (760) 613-6412.