Adds Co-branded MasterCard To Executive Privileges Program
ITEX Corporation (OTCBB:ITEX)
announced it has launched a co-branded MasterCard as part of its
Executive Privileges Program. ITEX is offering members a business
MasterCard, with which their members have 60 days interest free on
all business purchases.
The credit card will ensure that
ITEX members can stretch their payment schedules without having to
negotiate extended terms with numerous suppliers. This is a super
value for inventory control, as one of the greatest challenges that
small businesses face is how to stretch payment schedules to ensure
that they can meet their operational requirements.
�The ITEX co-branded MasterCard
provides a great tool for managing cash flow,� stated Steven White
Chairman and CEO. �Our Executive Privileges Program is all about
ITEX helping its members improve their profitability and increasing
cash flow and is at the heart of improving a business�
�The 22,000 member(s) represent a
great opportunity to grow the use of MasterCard with small
businesses,� stated David Zalik, partner of Green Sky Financial.
�(They) represent an important part of MasterCard�s future and our
relationship with a marketplace like ITEX represents a significant
way for us to be successful with this segment.
�With credit limits up to
$500,000 and 60 days to pay your statement interest free (not 30!),
this is simply the best credit card for businesses. It is the
smartest way to buy inventory...and everything else,� he added.
�ITEX�s CEO Steven White has been relentless in his pursuit of this
program for almost a year, and we believe this is a super value add
for the business members at ITEX.�
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