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Noted Industry Veteran Douglas Dagenais Tapped As New ITEX Sales Director

ITEX Corporation (OTCBB:ITEX) has augmented its management team with veteran trade-and-barter executive Douglas A. Dagenais, whose track record dates back to 1981 when he was the first hire at BarterCorp of Chicago. Dagenais assumes the position of ITEX National Sales Director.

�We are truly pleased to add Doug Dagenais, a seasoned and respected professional, to our team,� announced ITEX CEO Steven White. �Doug�s key focus will be to help the franchise network increase member registrations. ITEX is on track to dramatically increase enrollments, and Doug�s experience will help make our registration program a glowing success. His credentials and successes speak for themselves.�

Dagenais brings to ITEX more than twenty years of direct experience in the barter industry beginning at BarterCorp...which enrolled more than 10,000 members under his guidance and direction. Dagenais personally registered more than 1,000 new clients for BarterCorp and served for 18 years as the Oak Brook (IL) venture�s Senior Executive Vice President.

Prior to his association with ITEX, he was a director of Shell Vacations of Northbrook (IL), a leading operator of luxury-vacation ownership resorts under the Shell Vacations Club name that reported $388 million in revenue in 2006.

Dagenais has a long and impressive list of credentials, including the Distinguished Service Award for Sales Management from IRTA (International Reciprocal Trade Association), Illinois Small Business Advocate of the Year, and Small Business White House Conference Delegate.

Dagenais, a 58-year-old native of Chicago, holds an MBA from Northern Illinois University.