August 13, 2010 (FinancialWire) (Go to http://www.financialwire.net/?s=ftrdnwswnd for all of today’s featured news.) — ITEX Corp. (OTCBB: ITEX), a marketplace for cashless business transactions in North America, said that its board of directors has approved a quarterly cash dividend of 2.5 cents to its shareholders.

The dividend will be paid on September 20, 2010 to shareholders of record as of the close of business on September 10, 2010.

ITEX said it plans to continue to pay regular quarterly dividends of 2.5 cents per share, or 10 cents per share annually, in future.

Washington-based ITEX offers a payment system in which members utilize ITEX dollars to exchange goods and services.

ITEX offers a payment technology platform for processing cashless business transactions

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