ITEXITEX Corp.

About ITEX Corp. (ITEX)

ITEX Corp. (ITEX) is a Capital Markets company headquartered in Bellevue, WA, United States whose shares trade over-the-counter on the Pink tier.

IITEX Corporation operates a marketplace in which products and services are exchanged by our members utilizing ITEX dollars ("ITEX dollars"). ITEX dollars are only usable by member businesses (our "members") to acquire products and services without exchanging cash. We service our member businesses through our franchise network (individually, "franchisee" and together, the "Franchise Network") in the United States and Canada. We administer the marketplace and provide record-keeping and payment transaction processing services for our members. We generate revenue by charging percentage-based transaction fees, association fees, and other fees assessed in United States dollars and Canadian dollars where applicable (collectively and as reported on our financial statements, "USD" or "Cash").

Products and services

We provide a platform for our members to purchase from and sell their products and services to other members using ITEX dollars instead of USD. An ITEX dollar is an accounting unit used to record the value of transactions as determined by our members. ITEX dollars are not intended to constitute legal tender, securities, or commodities, are not redeemable for or convertible into USD, and have no readily determinable correlation to USD. ITEX dollars may only be used in the manner and for the purpose set forth in our Member Agreement and the Rules. Businesses use our services to attract new customers, increase sales and to utilize unproductive assets, surplus inventory, or excess capacity. Our services are especially useful to businesses where the variable costs of products or services are low, such as hospitality, media, and service-related businesses. For tax purposes, the Internal Revenue Service (“IRS”) considers ITEX dollar sales to be equivalent to USD sales and ITEX dollar expenses to be equivalent to USD expenses. Members are responsible to collect, remit, declare, and report all applicable federal, state, provincial, local, and municipal taxes, including appropriate sales and excise taxes and GST, resulting from any transaction involving ITEX dollars to the ap

ITEX key facts

Ticker symbol

ITEX

Market tier

Pink

Sector

Financial Services

Industry

Capital Markets

Headquarters

Bellevue, WA, United States

Country of incorporation

US

Year of incorporation

1985

Employees

5

Estimated market cap

$7.24M (as of May 12, 2025)

Shares outstanding

1,703,599

Reporting standard

Alternative Reporting Standard

Audit status

Audited

Fiscal year end

7/31

Latest filing

Quarterly Report (Jan 31, 2025)

ITEX Corp. leadership

• Steven White — President
• John Wade — CFO, Company Secretary, Treasurer
• Stephen Tollefsen — Legal Counsel

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