TRADECARD LAUNCHES SERVICE IN BRAZIL
Country's exporters to save time and money through TradeCard's proven trade transaction system

New York and Sao Paulo - October 17, 2001. TradeCard, Inc., the financial supply chain services provider, is launching operations in Brazil, marking its official expansion into the Latin America region. The company, which introduced an online alternative to Letters of Credit in the Spring of 2000, has both expanded its product types and its geographic reach since then. TradeCard provides service to hundreds of companies throughout North America and Asia and has processed over $50 million in trade transactions between businesses worldwide since its launch last year.

Making TradeCard's Brazil launch announcement at the annual World Trade Centers Association General Assembly in Sao Paulo, TradeCard Chairman and CEO Kurt Cavano said: "Establishing operations in Brazil has been a TradeCard goal from the start because of the leadership role Brazil commands in Latin American trade. We will provide Brazilian exporters a powerful set of trading tools that will enable them to process their trades more efficiently and for less cost. In the process, TradeCard will have a solid base from which to further launch services in Latin America."

TradeCard provides an alternative to traditional paper-based, expensive and labor-intensive trade settlement methods. The web-based system enables buyers and sellers to initiate, conduct and settle trade transactions online through TradeCard's secure network. The system has proven beneficial for companies of all sizes. Smaller companies can access the TradeCard system through a simple browser, and larger companies can access TradeCard through their existing Enterprise Resource Planning (ERP) systems.

Carlos Aldan De Araujo, Executive Vice President of the World Trade Centers Assessoria International Ltda. of Sao Paulo, said: "TradeCard is exactly what Brazil needs - for its exporters, and for its economy. In tough economic times, saving time and money on trade transactions is more important than ever."

Some of TradeCard's milestones to date include:

• The development and commercial launch of TradeCard's initial web-based transaction management and financial settlement offering in April 2000
• Partnerships with over a dozen banks that include Comerica, Fleet, Bank of East Asia and Bank SinoPac. These banks provide TradeCard either product sales and service support and financing to TradeCard members
• A network with over 50 logistics companies including Fritz & Co., Jardine, and Kuehne & Nagel; 80% of the industry's inspection providers; Coface, the leading provider of export credit insurance; Marsh, the largest broker of cargo insurance; and Thomas Cook, a leading money movement provider
• A partnership with MasterCard International to provide businesses-to-business payment capabilities for small as well as large dollar purchases
• An alliance with Cap Gemini Ernst & Young to provide financial supply chain tools to CGE&Y clients and prospects
• The Spring 2001 launch of TradeCard's enhanced platform. The platform hosts a full suite of financial settlement products that enable buyers and sellers to track and settle virtually any type of domestic or cross-border financial transaction
• Over 600 active users of the TradeCard system, including RadioShack, Wolverine World Wide, SK Global and International Playthings
• Acknowledgment by Global Finance magazine as "Best Online Trade Finance Service Provider" for 2001
• Technologic Partners' recognition of TradeCard at their Financial Services Outlook conference in August 2001 as one of the top ten privately held e-finance companies voted most likely to succeed
• The launch of TradeCard Japan K.K., a joint venture backed by Mitsui & Co, Ltd, Mitsubishi Corporation and Warburg Pincus
• The September, 2001 completion of a $25.5 million equity round led by TradeCard majority shareholder, Warburg Pincus

About TradeCard, Inc.
TradeCard is a financial supply chain service provider. TradeCard's secure transaction infrastructure greatly reduces the inefficiencies and uncertainties found in traditional domestic and cross-border trade transaction processes. By streamlining and enhancing the steps necessary for purchase order approvals, payment decisions and settlement, TradeCard provides a cost-effective, practical and patented service for financial supply chain management. TradeCard, Inc. is headquartered in New York City with offices in San Francisco, Seattle, Chicago, Hong Kong, Taipei, Seoul, Tokyo and London. TradeCard can be found on the World Wide Web at http://www.tradecard.com.

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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.