Itex Corporation Partners With Mytypes.com

ITEX Corporation (OTCBB: ITEX), The Membership Trading CommunitySM, a leading marketplace for cashless business transactions in North America, today announced it was teaming with MyTypes.com, an on-line Seattle company, and had made an equity investment in the private company. Steven White, Chairman and CEO stated, MyTypes has developed a very customer-centric method to make business blogging easier and friendlier. We are pleased to be able to make the benefits and convenience of MyTypes's services available to our thousands of ITEX members utilizing ITEX dollars. Blogging is only a small part of how MyTypes will assist us. The ITEX Marketplace will also be made available to the expanding MyTypes business community, currently with more than 5,000 blogs and ranking in the top 10 of major search engine placement for blog-related keywords.

Mr. White continued, We were so impressed with their team that ITEX also took a 15% equity position in MyTypes. As part of our collaboration, ITEX has retained two MyTypes senior software engineers to work on our in-house initiatives over the next 3 months. This should prove to be a win-win situation for all parties.

ITEX and MyTypes share a similar commitment to making the on-line marketplace easy to use and creating a positive and profitable business community for small business, said Vipin Singh, Co-Founder and CEO of MyTypes. Just as ITEX created a new and better way for small business to increase sales, MyTypes has developed a powerful business blogging platform with built in promotion for better rankings in the search engines for its business community. We launched what we believe to be the only true community blogs with features that facilitate social networking and creating community, as vowed in our slogan No Blogger Left Behind. It's been a blast working with the ITEX team over this past week. We're really looking forward to proving our value throughout the trading community and building the world's largest small business community and online marketplace.

About ITEX ITEX, The Membership Trading CommunitySM, is a thriving community of member businesses buying and selling more than $270 million a year in ITEX dollar transactions. Member businesses increase sales through an exclusive distribution channel managed by franchisees, licensees and corporate-owned locations, by utilizing ITEX dollars to exchange goods and services. ITEX is powered by ITEX Payment Systems, a leading payment technology platform for processing cashless business transactions. ITEX is headquartered in Bellevue, Washington. Contact: Alan Zimmelman ITEX Corporation 425.463.4017 [email protected]

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