Press Releases

Unedited news and product information from vendors.

ITEX Corporation Announces Company-Wide PC Upgrade
Apr 08, 2010 (06:04 PM EDT)


Computers to include Microsoft Windows 7 and Office 2010

BELLEVUE, Wash., April  8 /PRNewswire-FirstCall/ -- ITEX Corporation (OTC Bulletin Board: ITEX), The Membership Trading Community(SM), a leading marketplace for cashless business transactions in North America, today announced that it will provide new computers, software and monitors for its franchise network, and corporate offices, replacing existing desktop systems.  

Steven White, ITEX Chairman and CEO stated, "Our continued success is due in part to our organization utilizing leading technology products and services.  We are committed to providing our franchisees and corporate staff with the finest tools to be as productive and efficient as possible. Our PC infrastructure was standardized on Dell™ products and Microsoft™ software in late 2004 and we are timing our network-wide PC upgrade with the launch of Office 2010."

Overview:

  • Software to include Microsoft Windows 7 and Office Small Business 2010;
  • 180 Dell computer systems are expected to be purchased upon launch of Office 2010.

About ITEX

ITEX, The Membership Trading Community(SM), is a thriving network of participating member businesses.  Members increase sales through an exclusive distribution channel managed by franchisees, licensees and corporate-owned locations, by utilizing ITEX dollars to exchange goods and services.  ITEX is powered by ITEX Payment Systems, the leading payment technology platform for processing cashless business transactions.  ITEX is headquartered in Bellevue, WA.  For more information, please visit ITEX's website at www.itex.com.  We routinely post important information on the investor relations portion of our website.

This press release contains forward-looking statements that involve risks and uncertainties concerning our expected performance (as described without limitation in the quotations from current management in this release) and comments within the safe harbor provisions established under The Private Securities Litigation Reform Act of 1995. Actual results may differ materially from the results predicted and reported results should not be considered as an indication of our future performance. We believe that these potential risks and uncertainties include, without limitation:  the continuing development of successful marketing strategies for our concepts; our ability to increase revenues and sustain profitability; the availability of adequate working capital; our dependence both on key personnel and our franchise network; and the effect of changes in the overall economy and in technology. Statements in this release should be evaluated in light of these factors.  These risk factors and other important factors that could affect our business and financial results are discussed in our periodic reports and filings with the Securities and Exchange Commission, including our Forms 10-K and Forms 10-Q, which are available at www.sec.gov. All information set forth in this release is as of April 8, 2010, and ITEX undertakes no duty to update this information.

For more information, please visit www.itex.com

SOURCE ITEX Corporation