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ITEX Group requested the zoning change to HM-MU mixed-use zoning to allow for more uniformity in development, more density and a taller structure.
Commenting on the award, the Managing Director and Chief Executive Officer, Itex Integrated Services Ltd, Mr Ernest Uduje said: 'Itex is honoured to receive this coveted award.
The maximum number of shares proposed to be purchased in the tender offer represents approximately 25% of ITEX's currently outstanding common shares.
ITEX, an international platform for inventors to market their innovative products, has seen 1,000 entries from 20 countries this year.
This acquisition gives Team Townley and ITEX much more travel inventory in Orlando and the Smoky Mountains to add to its plentiful inventory along the Gulf Coast.
According to Fayyad, the founding alliance of Itex consists of eight local companies specialising in communications and IT solutions to form a force with solvency and financial strength to be enable to compete with major foreign companies.
The ITEX is a leading exhibition to showcase new inventions, technologies and products, targeted at securing investment, manufacturing and commercialization prospects and partners is here once again.
ITEX, the country's largest barter network, which is based in Seattle and boasts more than 24,000 members, charges both a subscription fee ($20 per month) and a transaction fee (6 percent for online trades, 7.5 percent for in-person transactions).
24th International Invention Innovation Technology Exhibition 2013 (ITEX "13), KLCC, Kuala Lumpur, Malaysia.
The group's international business, ITEX, exports to more than 30 countries around the world and the company says it is committed to exploiting the potential of the brand through further expansion of exports, retail franchising, acquisitions and store openings outside the UK.
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