| Business Summary | | ITEX
Corporation
and
its
subsidiaries
operate
a
retail
trade
exchange
in
the
United
States,
and
has
licensees
who
operate
trade
exchanges
in
international
markets
in
Mexico,
Kuwait
and
Turkey.
The
ITEX
retail
trade
exchange
headquartered
in
Sacramento,
California,
has
approximately
15,308
members
(or
clients)
who,
collectively,
make
up
the
trade
exchange,
which
operates
as
an
unincorporated
association.
The
trade
exchange
contracts
with
the
Company
to
administer
the
exchange
and
to
act
as
a
third-party
recordkeeper
for
transactions
entered
into
by
the
members.
ITEX
works
through
approximately
72
independent
brokers
and
seven
Companies
owned
and
operated
regional
offices
to
service
existing
ITEX
clients
and
enroll
new
clients. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | ITEX
Corporation
engages
in
domestic
and
international
operations
in
both
the
retail
barter
exchange
and
corporate
barter
areas
of
the
commercial
barter
industry.
For
the
comparable
39
weeks
ended
4/30/01,
revenues
decreased
33%
to
$7.7
million.
Net
loss
totaled
$2.2
million
vs.
an
income
of
$927
thousand.
Revenues
reflect
the
sale
of
the
BXI
trade
exchange.
Net
loss
reflects
increased
S/G/A
expenses
as
a
percentage
of
revenues. | More
from
Market Guide: Significant
Developments |
| | |
| Position | Collins Christensen, 42 | Pres,
CEO, Director | Lewis Humer, Jr., 40 | COO,
VP-Operations, Director | John Castoro | VP,
Corp. Offices | Robert Harris, 53 | Sec.,
Gen. Counsel |
| More
from
Market Guide on Officers & Directors: Expanded
List, Bios,
Compensation,
Options
|
|