Bellevue, WA June 9, 2010 ITEX Corporation (OTCBB: ITEX), The Membership Trading CommunitySM, a leading marketplace for cashless business transactions in North America, today filed its Form 10-Q with the Securities and Exchange Commission and announced results for its fiscal 2010 third quarter ended April 30, 2010. The financial statements for all periods presented in [...]
In a feature article Sasha Abramsky goes to great lengths to paint barter in a positive light, explaining repeatedly that barter is the medication for a sick economic period. Sasha also interviews industry veterans from the area: Jay Ross of the Barter Club and Fred Hammer of ITEX, While barter used to be seen as [...]
Bellevue, WA May 12, 2010 ITEX Corporation (OTCBB: ITEX), The Membership Trading CommunitySM, a leading marketplace for cashless business transactions in North America, announced today that its Board of Directors has approved the initiation of a cash dividend to its shareholders. The quarterly cash dividend of 2.5 cents per share will be paid on June [...]
For the last six months I have been tracking the industry movements of ITEX. Most of the real action started when Steve White became the CEO. Steve is a savvy marketer and someone with vision. In a conversation with him in March, I learned that his aspiration for ITEX is much larger than the inudstry [...]
ITEX has put together a nice introduction video, powerpoint style with a voiceover. Check it out.
If you’re low on cash it doesn’t mean you can’t get what you want or need. “You can barter literally anything,” said Karen Hoffman, who along with former business journalist Shera Dalin authored the new book The Art of Barter: How to Trade for Almost Anything. The book outlines how individuals and business can trade in [...]
Bellevue, WA April 15, 2010 ITEX Corporation (OTCBB: ITEX), The Membership Trading CommunitySM, a leading marketplace for cashless business transactions in North America, today announced a one for five reverse stock split of its common stock will take effect as of 12:01 a.m. Eastern Daylight Time on May 3, 2010 (the Effective Time). As a [...]
The Poloniza Group, a shareholder group heavily involved in ITEX completed a SEC filing this week, which included some fairly heavy chastisement of the ITEX corporate management. Their bulletted suggestions for improvement include: · Improve ITEX Corporation’s corporate governance: ITEX must improve its governance and internal controls. Independent board members need to be added to [...]
In an attempt to keep up with all of the global barter news, I am today just going to bulletize a smattering of reports that have crossed my desk: Tradia CEO, Matthew Humphreys announced that the “national” Tradia convention would be held in the month of May in honor of the celebration of his homosexual [...]
Second Quarter 2010 Highlights Income from operations of $526,000 compared to $235,000 in the same period last year; Revenue of $4,537,000 compared to $4,365,000 in the same period last year; Net income of $172,000 compared to $134,000 in the same period last year; Cash at end of period of $3,627,000 compared to $2,557,000 on July [...]
