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| 8-K - ITEX CORP | v205148_8-k.htm |
ITEX
Corporation Announces Preliminary Results of Annual Meeting
Re-election
of Three Current Board Members
Bellevue, WA – December 10, 2010 – ITEX Corporation (OTCBB:
ITEX), The Membership Trading CommunitySM, a leading marketplace for
cashless business transactions in North America, today announced preliminary
results of stockholder voting at its annual meeting held earlier today in
Bellevue, Washington. Based on preliminary results, it appears that
each of its current members of the Board of Directors, Steven White, Eric Best,
and John Wade, were re-elected to serve for an additional one-year term and the
selection of Ehrhardt Keefe Steiner & Hoffman PC as the Company’s
independent auditor was ratified. Preliminary results as tabulated by
the Company’s inspector of elections, OTR, Inc., will be announced within four
business days, and final results will be announced promptly following
certification by the inspector.
Steven
White, Chairman and CEO stated, “We are very pleased by the wide support we have
received from stockholders, franchisees and staff and the continued confidence
they have shown in ITEX and our Board. We will continue to work
diligently to create increased value for our member base, franchisees and
stockholders.”
About
ITEX
ITEX, The
Membership Trading CommunitySM, 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.
Forward-Looking
Statements
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: our revenue growth and
success being tied to the operations of our broker network; our future revenue
growth remaining uncertain; our brokers taking actions that could harm our
business or our reputation; our failure to deal effectively with member
disputes; our business being subject to online security risks; unplanned system
interruptions or system failures; claims and lawsuits against us that may result
in adverse outcomes; 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. ITEX undertakes
no duty to update or revise any forward-looking statements.
Contact:
Alan
Zimmelman
ITEX
Corporation
425.463.4017
alan@itex.com
For more
information, please visit www.itex.com