AICPA WEBTRUST SEAL REISSUED TO TRADECARD BY ERNST & YOUNG
NEW YORK, September 22, 2003 - Professional services firm Ernst & Young, LLP has re-issued the
WebTrust Seal for Security, Availability, Processing Integrity and Confidentiality to TradeCard, Inc.,
the leader in the emerging Financial Supply Chain services market, after the periodically required review of
TradeCard's systems and business processes by a WebTrust licensed CPA. TradeCard is one of only a few dozen
companies receiving the seal.
In 2001, TradeCard was the first U.S. company to receive the American Institute of Certified Public
Accountants' (AICPA) WebTrust Confidentiality Seal after Ernst & Young, LLP examined its online policies and
controls relating to confidentiality of information. TradeCard also received AICPA's SysTrust certification for
system reliability, covering the SysTrust principles of Security, Availability, Integrity and Maintainability of a
system. Both the WebTrust and the SysTrust programs have been combined under the AICPA's Trust Services program
and accordingly, the Security, Availability, Processing Integrity and Confidentiality of the Tradecard.com system
has been reviewed under the WebTrust program.
Re-issuance of the seal provides assurance that TradeCard during the period July 20, 2002 through June 30, 2003
maintained effective controls to provide reasonable assurance that the TradeCard website was protected against
unauthorized access (both physical and logical), was available for operation and use as committed and agreed, the
system's processing was complete, accurate, timely, and authorized and the information designated as confidential
was protected as committed or agreed.
As a result of the review, TradeCard is entitled to continue to feature the AICPA's WebTrust Seal on its
Website, www.tradecard.com. Site visitors can click on the seal and link to the opinions rendered by the
auditors.
Kurt Cavano, TradeCard chairman and CEO, said, "The past two years have shown that companies need watertight
contingency plans when operating a web-enabled business that is vulnerable to system failures, virus attacks and
other potential disasters." He added, "The re-issuance of the WebTrust Seal that now also incorporates the
principle of system availability is a stamp of approval for TradeCard's efforts to keep our system running for our
customers under the most difficult and trying circumstances. A good example is the recent U.S. power failure
during which the TradeCard transaction system never stopped processing and continued to run as normal."
"With the appearance of an increasing number of unpredictable events that can have a disastrous effect on
unprotected businesses, conforming to the principles of the WebTrust program is becoming more pressing than ever
for all businesses that use electronic commerce and IT systems in their daily operations," said Anthony
Pugliese, Vice President of Member Innovation of the AICPA. "TradeCard members have not experienced system
downtime despite the most difficult situations such as 9/11 and the recent power failure."
The WebTrust Program focuses on whether e-commerce systems are protected from unauthorized access and use, are
available as intended, process transactions and data as intended and maintain the confidentiality of member data
and information. The program is a set of control principles and identifies specific criteria that should be
achieved to meet each principle, an independent verification by a licensed CPA that the e-commerce system
maintained effective controls to meet the control principles, and an internationally recognized symbolic
certification asserting that the e-commerce site's security, availability, processing integrity and
confidentiality controls operated as intended in accordance with the standards set by the AICPA.
About TradeCard
TradeCard is leading the emerging Financial Supply Chain market. TradeCard is revolutionizing global trade with a
web-based platform that automates the financial processes in supply chains that have been plagued with decades-old
paper-based solutions. With TradeCard, buyers and sellers can manage their transactions from order to settlement
with complete visibility and event management. In addition to process improvements, customers realize immediate
cost savings, optimized cash flow, reduced reliance on credit lines and improved supply chain relationships. In
addition, TradeCard's partners provide automated services on the platform including supply chain financing, credit
protection, money movement and inspection. Headquartered in New York City, TradeCard, Inc. has offices in San
Francisco, Hong Kong, Brussels, Taipei, Seoul and Tokyo. TradeCard is a registered trademark in the United States
and elsewhere throughout the world. TradeCard is located online at www.tradecard.com.
About the AICPA
The American Institute of Certified Public Accountants (AICPA) is the ISO 9001 certified national professional
organization of CPAs in the United States with more than 340,000 members in public practice, business and
industry, government and education. For more information about WebTrust, please visit www.webtrust.org.
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This press release contains a number of matters that constitute forward-looking
statements. The presentation reflects the current views of TradeCard's
management with respect to future events and is subject to risks and
uncertainties that could cause actual results to differ materially
from those contemplated in such forward-looking statements.
