ITEX Corporation Announces Credit Facility Increase

U.S. Bank Expands Line of Credit to $2.5 million

BELLEVUE, Wash., Nov. 12 /PRNewswire-FirstCall/ -- ITEX Corporation (OTC
Bulletin Board: ITEX), The Membership Trading Community(SM), a leading
marketplace for cashless business transactions in North America, today
announced that the credit facility with its primary banking institution had
been expanded to $2,500,000.

ITEX and U.S. Bank entered into an agreement to increase the maximum loan
amount under its revolving credit facility from $1.5 million to $2.5 million.
The interest rate of the facility is one-month LIBOR + 2%; equating to a
current interest rate of 2.24%.

Steven White, Chairman and CEO noted, "There is currently no outstanding
balance under this line of credit and we have no immediate plans for use.
However, we felt it prudent to increase our access to additional capital in
order to position us to take advantage of potential opportunities. U.S. Bank
has been a great partner over the years and we appreciate the support it has
provided to help us expand our business."

Timothy J. Flynn, Vice President of Commercial Banking for U.S. Bank,
commented, "We are pleased with ITEX's consistent financial performance and
overall success during the last six years. During this period, ITEX has done
an exceptional job strengthening its balance sheet, increasing positive cash
flow, eliminating debt associated with its acquisitions, and demonstrating
sound fiscal management. These factors, along with our positive and open
communications with ITEX's management, were instrumental in approving the
increase in the line of credit limit."

About ITEX
ITEX, The Membership Trading Community(SM), is a thriving network of
participating member businesses. Members increase sales through an exclusive
distribution channel managed by franchisees, licensees and corporate-owned
locations, by utilizing ITEX dollars to exchange goods and services. ITEX is
powered by ITEX Payment Systems, the leading payment technology platform for
processing cashless business transactions. ITEX is headquartered in Bellevue,
WA. For more information, please visit ITEX's website at www.itex.com. We
routinely post important information on the investor relations portion of our
website.

This press release contains forward-looking statements that involve risks and
uncertainties concerning our expected performance (as described without
limitation in the quotations from current management in this release) and
comments within the safe harbor provisions established under The Private
Securities Litigation Reform Act of 1995. Actual results may differ materially
from the results predicted and reported results should not be considered as an
indication of our future performance. We believe that these potential risks
and uncertainties include, without limitation: the continuing development of
successful marketing strategies for our concepts; our ability to increase
revenues and sustain profitability; the availability of adequate working
capital; our dependence both on key personnel and our franchise network; and
the effect of changes in the overall economy and in technology. Statements in
this release should be evaluated in light of these factors. These risk factors
and other important factors that could affect our business and financial
results are discussed in our periodic reports and filings with the Securities
and Exchange Commission, including our Forms 10-K and Forms 10-Q, which are
available at www.sec.gov. All information set forth in this release is as of
November 12, 2009, and ITEX undertakes no duty to update this information.

For more information, please visit www.itex.com

SOURCE ITEX Corporation

Alan Zimmelman of ITEX Corporation, +1-425-463-4017, alan@itex.com