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US Bank Extends ITEX Line-Of-Credit To $1 Million

ITEX has announced that its credit capacity/facility with US Bank has been expanded from $500,000 to $1,000,000. CEO Steven White elaborated, �Our financial stability over the last two years, and the reduction of $1.3 million in debt during the last six months coupled with our long term relationship with US Bank, has resulted in our ability to access a larger amount of capital.�

White says the company is well-positioned to take advantage of strategic opportunities as they arise, and pursue the further development of their cashless payment transaction platform. For further information on ITEX go to www.itex.com.