Court grants ITEX/SLI motion for summary judgment.PORTLAND, Ore.--(BUSINESS WIRE)--March 12, 1997--ITEX Corp. (NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on : ITEX ITEX International Tundra Experiment ITEX Interactive TTCN Editor and Executor ) today announced that in a ruling made from the bench, Circuit Court Judge Steven Gallagher granted a motion for partial summary judgement previously filed by SLI (Scalable Link Interface) A multi-GPU interface from NVIDIA for connecting two or four NVIDIA display adapters together for faster graphics rendering on one monitor or two monitors. Inc. (now known as IME IME Input Method Editor IME Instituto de Matemática e Estatistica (Portugese and Spanish; USP, Sao Paulo, Brazil) IME In My Experience IME Instituto Militar de Engenharia (Rio de Janeiro, Brazil) Inc.) a wholly owned subsidiary Wholly Owned Subsidiary A subsidiary whose parent company owns 100% of its common stock. Notes: In other words, the parent company owns the company outright and there are no minority owners. of ITEX Corp. The motion for summary judgement requested that the court enter a judgement on its claim for declaratory judgment, specific performance and breach of contract against defendants Saul Yarmak, Business Exchange International Corp. and BX International Inc. Included in the order was a decree compelling defendants to specifically perform under the contract and, if necessary, immediately cause the transfer of the trade exchange to Business Exchange International. SLI owns a 50 percent interest in Business Exchange International Corp. A formal order is now being drafted by SLI's attorneys which will then be submitted to the court. Additional details will be provided in a subsequent news release. -0- MEMBER: International Reciprocal Trade Association CONTACT: ITEX Corp., Portland Jim Schilling, 503/657-2941 or 800/800-0757 |
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