**Exhibit 31.2**

**CERTIFICATION**

| I, Steven White, certify   that: |
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|                             | 1. | I have reviewed this   annual report on Form 10-KSB/A of ITEX Corporation; |
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|                             | 2. | Based on my knowledge,   this report does not contain any untrue statement of a material fact or omit   to state a material fact necessary to make the statements made, in light of   the circumstances under which such statements were made, not misleading with   respect to the period covered by this report; |
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|                             | 3. | Based on my knowledge, the   financial statements, and other financial information included in this   report, fairly present in all material respects the financial condition,   results of operations and cash flows of the small business issuer as of, and   for, the periods presented in this report; |
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|                             | 4. | The small business   issuer’s other certifying officer and I are responsible for establishing and   maintaining disclosure controls and procedures (as defined in Exchange Act   Rules 13a-15(e) and 15d-15(e)) for the small business issuer and have: |
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|                             |   | a. | Designed such disclosure   controls and procedures, or caused such disclosure controls and procedures to   be designed under our supervision, to ensure that material information   relating to the small business issuer, including its consolidated   subsidiaries, is made known to us by others within those entities,   particularly during the period in which this report is being prepared; |
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|                             |   | b. | Evaluated the   effectiveness of the small business issuer’s disclosure controls and procedures   and presented in this report our conclusion about the effectiveness of the   disclosure controls and procedures, as of the end of the period covered by   this report based on such evaluation; and |
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|                             |   | c. | Disclosed in this report   any change in the small business issuer’s internal control over financial   reporting that occurred during the small business issuer’s most recent fiscal   quarter (the small business issuer’s fourth fiscal quarter in the case of an   annual report) that has materially affected, or is reasonably likely to   materially affect, the small business issuer’s internal control over   financial reporting; and |
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|                             | 5. | The small business   issuer’s other certifying officer and I have disclosed, based on our most   recent evaluation of internal control over financial reporting, to the small   business issuer’s auditors and the audit committee of the small business   issuer’s board of directors (or persons performing the equivalent functions): |
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|                             |   | a. | all significant   deficiencies and material weaknesses in the design or operation of internal   control over financial reporting which are reasonably likely to adversely   affect the small business issuer’s ability to record, process, summarize and   report financial information; and |
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|                             |   | b. | any fraud, whether or not   material, that involves management or other employees who have a significant   role in the small business issuer’s internal control over financial   reporting. |

| Date: October 17, 2006 |                              |
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|                   | /s/  Steven White            |
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|                   | Steven White                      |
|                   | Interim Chief Financial   Officer |

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