ITEX Corp (ITEX) Offers Unique Product To Small Businesses

ITEX Corp (OTC:BB: ITEX) offers a very unique product to small businesses around the country. They operate a website which facilitates its members’ ability to "barter" each others excess inventory or services to one another without using cash.

The company instead uses "ITEX Dollars" as the main unit of currency for the member companies to exchange goods and services. This presents an interesting play for inflation. The company itself holds some ITEX dollars (as well as extends ITEX dollar credit lines to some of its customers), thereby hedging itself to some extent from the US Dollar. These units represent true and absolute buying power for other members good and services.

ITEX makes it money through fixed annual member fees and transaction fees that range from 5-9%. The company is profitable and relatively financially stable. ITEX should earn about $0.03/share this year, and has $0.07/share in cash, with no long term debt.

ITEX closed yesterday unchanged at $0.62/share.