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 31, 2009;

Stockholder equity of $14,460,000 compared to $13,981,000 on July 31, 2009;

Broker incentive expense of $79,000 for a computer upgrade initiative planned in conjunction with the upcoming launch of Office 2010.
See the full report at http://www.itex.com/aboutus/pr/itex_announces_results_for_second_quarter_of_fiscal_2010/103/

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