ITEX Corporation News
Montgomery & Co. to Evaluate Strategic Alternatives for ITEX
"As our strategic and financial advisor, Montgomery will help us evaluate a range of strategic options and update us regarding prevailing market conditions for mergers and acquisitions," said
No timetable has been set for completion of the review, and there can be no assurance that this process will result in any specific strategic or financial transaction. ITEX does not intend to update its progress or disclose developments with respect to potential initiatives unless the Board of Directors has approved a definitive course of action or transaction.
About ITEX
ITEX, The Membership Trading Community(SM), is a thriving community of member businesses buying and selling more than
About Montgomery
Montgomery & Co. is a leading provider of merger and acquisition advisory, private placements, and private equity for companies in the media, communications, information technology and healthcare sectors. Montgomery & Co. has emerged as the premier investment banking alternative for growth companies in
Montgomery & Co.'s primary offices are in
This press release contains forward-looking statements that involve risks and uncertainties concerning our expected performance (as described without limitation in the quotations from current management in this release) and comments within the safe harbor provisions established under The Private Securities Litigation Reform Act of 1995. Actual results may differ materially from the results predicted and reported results should not be considered as an indication of our future performance. We believe that these potential risks and uncertainties include, without limitation: the continuing development of successful marketing strategies for our concepts; our ability to increase revenues and sustain profitability; the availability of adequate working capital; our dependence both on key personnel and our franchise network; and the effect of changes in the overall economy and in technology. Statements in this release should be evaluated in light of these factors. 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 http://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 release is as of
SOURCE ITEX Corporation
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