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ITEX Announces Results for Second Quarter of Fiscal Year 2011 Bellevue, WA March 10, 2011 - 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 2011 second quarter ended January 31, 2011. Second Quarter 2011 Highlights · Income from operations of $235,000 compared to $526,000 in the same period last year; · Net income of $151,000 compared to $172,000 in the same period last year; · Cash at end of period increased to $5.612 million from $5.169 million on July 31, 2010; · Stockholder equity increased to $15.012 million from $14.869 million on July 31, 2010; · Paid a $0.04 per share quarterly cash dividend. About ITEX ITEX, The Membership Trading CommunitySM, is a leading marketplace for cashless business transactions. Members increase sales through an exclusive distribution channel managed by our broker and franchise network, by utilizing ITEX dollars to exchange goods and services. We generate revenue by charging members percentage-based transaction fees and association fees. ITEX is headquartered in Bellevue, WA. We routinely post important information on the investor relations portion of our website. For more information, please visit www.itex.com.
Company Contact Alan Zimmelman ITEX Corporation 425.463.4017
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