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ITEX Corp

 
Hoover's Profile: ITEX Corporation
(OTC:ITEX)
Contact Information
ITEX Corporation
3326 160th Ave. SE, Ste. 100
Bellevue, WA 98008-3418
WA Tel. 425-463-4000
Fax 425-463-4040

Type: Public
On the web: http://www.itex.com
Employees: 32
Employee growth: 3.2%

ITEX provides a business-to-business payment system for corporate members through a licensed broker network across the US and Canada. In lieu of cash, some 24,000 member businesses of the company's ITEX Marketplace barter time-sensitive, slow-moving, or surplus goods and services valued in ITEX dollars. Members represent a variety of industries including advertising, construction, dining, health care, hospitality, media, printing, and professional services. ITEX administers the trade exchange; it (or any of its 95 franchisees or licensed brokers) also acts as a record keeper for member transactions.

Key numbers for fiscal year ending July, 2009:
Sales: $16.5M
One year growth: 3.4%
Net income: $0.6M
Income growth: (35.0%)

Officers:
Chairman, CEO, and Interim CFO: Steven M. (Steve) White
Manager IT: Troy Hellman
Business Deveopment Specialist: Cameron Johnson

Competitors:
ICON International
International Monetary Systems
Overstock.com

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