The Committee to Enhance ITEX Reminds Shareholders to Vote for its Three Highly-Qualified Nominees for Election to ITEX's Board

Dec 03, 2010, 17:39 ET from The Committee to Enhance ITEX

CRANFORD, N.J., Dec. 3, 2010 /PRNewswire/ -- The Committee to Enhance ITEX reminds shareholders that there is still time to vote for the Committee's three highly-qualified independent director nominees for election to the Board of Directors of ITEX Corporation ("ITEX") at the annual meeting of shareholders which is being held on Friday, December 10, 2010. The Committee's three director nominees are Dr. Wayne P. Jones, Alnesh Mohan, and Sidd Pagidipati

David Polonitza, Chairman of the Committee, commented: "Members of the Committee have made significant purchases of ITEX's stock over the past five years and seek to gain side-by-side with all shareholders by implementing our plan. In order to help ensure that our plan to maximize shareholder value, including addressing ITEX's significant governance concerns, is implemented, it is imperative that all three of the Committee's nominees are elected."

"As ISS/Riskmetrics has recommended that shareholders only vote on the GOLD proxy card, we encourage shareholders to support all three of our highly qualified nominees for the benefit of all shareholders, franchisees and employees. We would appreciate your support in this critical moment in ITEX's history. Ultimately, on December 10th, the decision of changing board leadership will be yours, the shareholders of the company."

VOTE THE GOLD PROXY CARD TODAY

The Committee urges shareholders to vote the GOLD proxy card and NOT to sign any white proxy card sent to you by ITEX. Even if you have sent a white proxy card to ITEX, you have every right to change your vote. You may revoke that proxy and vote FOR the Committee's nominees – Dr. Wayne P. Jones, Alnesh Mohan, and Sidd Pagidipati – by signing, dating and mailing a later dated GOLD proxy card.

Your vote is important, no matter how many or how few shares you own. If you have any questions or need any assistance voting your shares, please do not hesitate to contact the Committee's proxy solicitor, InvestorCom, Inc., by toll-free telephone at 877-972-0090, or by e-mail at enhanceitex@investor-com.com.

SOURCE The Committee to Enhance ITEX