CRANFORD, N.J., Oct. 20 /PRNewswire/ — The Committee to Enhance ITEX (the “Committee“) announces continuing discussions with experienced executives to lead the business operations of the ITEX Corporation (“ITEX“) if necessary. While discussions continue, the following two executives have currently indicated their interest in joining ITEX’s management team and are prepared to successfully transition ITEX and implement the Committee’s plan:
- A Partner at a prominent $90+ million capital firm, with over 16 years of experience serving as a CEO of high-growth companies and turnarounds. He has served as CEO and founder of one of the first dynamically generated e-commerce sites; President and Founder of an enterprise Software-as-a-Service company with Fortune 500 customers; CEO and founder of a technology company serving clients such as Albertsons, Bain & Company, and Exodus Computing; CTO and board member of a venture-backed online mortgage bank which became one of the five largest in the US during his tenure; and turnaround CEO of a multi-office recruiting and technology business.
- A senior executive with operational experience that includes a career of over 15 years within the barter industry. As an operator he has been able to significantly grow his barter business through organic growth. Beyond his operational experience, the candidate has served on numerous boards and maintains a high level of peer acknowledgement.
The Committee will continue to communicate with you regarding details of our ideas to improve ITEX. Our website, www.enhanceitex.com (the “Website“), will be the primary channel over which we will impart information on vital matters. We encourage shareholders to visit our website regularly and to share their thoughts with us.
