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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 14A INFORMATION
Proxy Statement Pursuant to Section 14(a) of the Securities
Exchange Act of 1934 (Amendment No. )
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ITEX CORPORATION
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(Name of Registrant as Specified In Its Charter)
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NEWS RELEASE FOR IMMEDIATE RELEASE
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For further information, call:
Arthur Crozier
Peter Walsh
Innisfree M&A Incorporated
(212) 750.5833
ITEX ANNOUNCES TIME AND LOCATION OF POSTPONED ANNUAL MEETING
New York, NY - Jan. 29, 2003 - ITEX Corporation (OTC Bulletin Board:ITEX)
announced that the Annual Meeting of Shareholders, originally scheduled for
January 28, 2003 and postponed to January 31, 2003, will be held at the Radisson
Hotel, 500 Leisure Lane, Sacramento, CA, 95815 at 9:00 am.
In addition, at the request of its independent accountants, Ehrhardt, Keefe,
Steiner & Hottman P.C. ("EKS&H"), ITEX wishes to clarify a statement made in its
most recent communications with shareholders. In our letter announcing
postponement of the Annual Meeting to January 31, 2003, we said: "You should
also know that a partner at our outside auditors informed us that Mr. White had
told him that Mr. White intended to take ITEX private." The conversation
reported to us by the partner of EKS&H took place in a telephone call the
partner had with a person identifying himself as Steven White. The person on the
call with the EKS&H partner did indicate that amongst other things he wished to
take the company private. However, the EKS&H partner does not know Mr. White,
had never spoken to Mr. White before this call and was not and is not in a
position to say that the caller was in fact Steven White. As we previously
noted, Mr. White has denied that this conversation ever took place.
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