Steven White - Chairman & CEO
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Mr. White has been a director of the Company and its Chairman since February 2003. Mr. White has served as CEO and Interim CFO of the Company since June 2003. From 1996 to 2000, he was CEO and President of Ubarter.com, a public company. Ubarter.com was an on-line payment processor for cashless transactions, originally founded by Mr.White in 1983 as Cascade Trade Association. In June 2000, Mr. White directed the sale of Ubarter.com to Network Commerce, an Internetbased technology infrastructure and services company serving as a Senior Vice President until June 2001.
Mr.Wade has been a director of the Company since February 2003. He has been Chief Financial Officer of Aptimus, Inc., a leader in online direct marketing with offices in San Francisco and Seattle, since May 1998. Prior to joining Aptimus, Mr. Wade served as the CFO and COO for Buzz Oates Enterprises, a real estate development company. He also has worked as the controller for A&A Properties, Inc., an asset management corporation and for Labels West, a manufacturing company; as well as an auditor and taxation specialist at McGladrey and Pullen, an international accounting firm. Mr.Wade has a Bachelor of Science degree in business administration with a concentration in accounting from the San Diego State University School of Business and has been a CPA since 1987. Mr. Wade served as a director of Ubarter.com from 1999 to 2000.
Mr.Best has been a director of the Company since February 2003. He is the founder of MindCorps, an e-commerce systems integrator acquired by Amazon.com in 1999, and Emercis, an e-commerce tools provider acquired by Impressa in 2000. He is currently founder and CEO of Mercent, a software venture that enables retailers to sell through leading online merchandising channels. Mr. Best is also founder and Chairman of Seattle-based Morse Best Innovation, a technical marketing agency serving clients such as Microsoft, Lexmark, and WRQ. He is a graduate of Seattle Pacific University and a member of the SPU Entrepreneurial Studies Council and Society of Fellows. Mr. Best served as a director of Ubarter.com from 1999 to 2000.
ITEX has 19 employees. In addition to our corporate staff, Brokers, their staff and outside contractors combined total more than 300 individuals supporting The Cashless MarketplaceSM.
To establish the ITEX dollar as a widely accepted currency and the ITEX Marketplace as the hub for cashless transactions.
In addition to historical information, this ITEX Snapshot contains forward-looking statements that are based on current expectations and assumptions and involve risks and uncertainties concerning our expected performance. Actual results may differ materially from the results predicted and reported results should not be considered as an indication of our future performance. These risk factors and other important factors that could affect our business and financial results are discussed in our periodic reports and filings with the Securities and Exchange Commission, including our Forms 10-KSB and Forms 10-QSB, which are available at www.sec.gov, including under the caption,“Management’s Discussion and Analysis of Financial Condition and Results of Operations.” All information set forth in this ITEX Snapshot is as of October 12, 2006, and ITEX undertakes no duty to update this information.
