ITEX Authorizes $2 Million Buyback

March 10, 2010 (FinancialWire) — ITEX Corp.’s (OTCBB: ITEX) board of directors has authorized the repurchase of up to $2 million of its outstanding common stock.

The shares will be repurchased from time to time in open market purchases or privately negotiated transactions.

ITEX said it will use its available working capital to fund the repurchase program. ITEX currently has 18,051,248 shares of common stock outstanding.

Washington-based ITEX is a payment technology platform for processing cashless business transactions.

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