--(www.USEquityNews.com)-- 10/02/2008 - Business Services industry alert provided by U.S. Equity News. ITEX Corporation (OTC Bulletin Board: ITEX), The Membership Trading Community(SM), a leading marketplace for cashless business transactions in North America, recently filed its Form 10-K with the Securities and Exchange Commission and announced its results for the fiscal year ended July 31, 2008. "We are pleased to report our fifth consecutive profitable year for ITEX," said Steven White, Chairman and CEO. "Despite a difficult and complex economic environment in the U.S., we recorded increases in revenues, cash from operating activities, total assets and stockholder equity in 2008." "Revenues increased 13 percent and net cash provided by operating activities increased 15 percent in 2008. Our operational cash flows provided the capital to fund two acquisitions in 2008 adding 2,400 clients. Total assets increased 13 percent and stockholders' equity increased 8 percent compared to 2007."
Reis, Inc. (NASDAQ: REIS) recently responded to the current banking and financial crisis by launching Reis Transaction Analytics(TM), a tool that empowers commercial real estate investors and portfolio managers to identify sales and capital markets trends that are directly impacting the value of their assets. The resulting precision supports more informed valuations and decisions with regard to troubled debt and associated commercial real estate collateral. At a time when economic distress is prompting market participants to continually revalue their holdings, Transaction Analytics(TM) frees investors and portfolio managers from a dependence on broader measures of real estate capital market activity, such as the "average" cap rate in a metropolitan area, which typically mask market volatility. "Many portfolio managers and investors are used to relying on overall metro indications of value simply because that is what they have had to work with in the past," said Michael Richardson, Reis's Senior Vice President of Sales and Marketing. "Transaction Analytics(TM) allows users to dig beneath the market averages for a closer look at the relevant trends in asset values."
TRUSTCASH HOLDINGS, INC. ("Trustcash") (OTC BB:TCHH.OB) recently announced that it has completed the testing and integration of the Trustcash 2.0 website. Trustcash's President and Chief Executive Officer, Kent Carasquero, stated that "our vendors can now offer potential clients from almost any country in the world a completely revamped internet payment experience. The upgrade includes among other things, the ability for a client to create a Trustcash account using an email address and password of their choosing versus an auto generated account which is cumbersome and difficult to recall. I am confident that the upgraded site will result in increased revenue
All Asia Licensing Inc. (Pink Sheets: AASI), recently announced that it accepted an invitation for its chief scientist to lead a workshop September 23-25 in China at a major international conference on little-known animal diseases. "This prestigious invitation from an arm of China's Ministry of Agriculture is a direct result of our recently-announced Letter of Intent to enter the bio research market to test for BSE (Bovine Spongiform Encephalopathy) also known as 'Mad Cow' Disease," according to Anthony Lee, CEO of All Asia Licensing. The National Diagnostic Center for Exotic Animal Disease of China is the main sponsor of the Third OIE (Office International des Epizooties Regional Workshop and Working Group Meeting on BSE and other Prion Diseases. The conference is also co-sponsored in Qingdao, People's Republic of China by its Animal Health and Epidemiology Center (CAHEC). The main topics at the conference will be the control of Mad Cow Disease, Rapid Prion Testing and Prion disease diagnosis. Prions are a family of rare progressive neurodegenerative disorders. The Letter of Intent announced between All Asia and its proposed joint venture partner is subject to change, completion of due diligence by both parties, creation of a final contract and approval of both Boards of Directors, among other things. All Asia Licensing Inc. is a major conduit for investors to access the rapidly growing Chinese economy. By acquiring a controlling stake in unique Chinese businesses, using its contacts to work with governmental agencies, providing capital and international-minded management, the Company enables these companies to prosper in their own industries. Working with small-to-medium sized companies, All Asia assists clients by using a comprehensive suite of services of business management, consulting services and technical support.
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