Calyon Signs Deal to Sell the TradeCard Platform's Financial Supply Chain Services Throughout Europe
French Bank Offers Customers Tools for Streamlining Global Trade Business

New York and Paris, April 27, 2005 - TradeCard Inc., the leading provider of on-demand financial supply chain services, announced today that Calyon, Credit Agricole S.A.'s corporate and investment banking subsidiary will be the first financial institution to sell the TradeCard Platform and provide customer service to customers across Europe. Calyon will also leverage its global network to sell both the TradeCard Platform and Calyon's financial services to its exporter customer community in other regions of the world.

The TradeCard Platform enables Calyon's corporate customers to automate the financial processes in their supply chains from order to cash. Buyers connect to their global trading partners online to manage ordering, invoicing, and other trade processes. This cuts down on the use of paper and brings transparency and visibility into every process from order through settlement. Accounts payable and accounts receivable processes can be fully automated and financial services can be delivered electronically and automatically. Customers benefit from lower costs, simplified strategic purchasing across borders, improved risk and working capital management and major business process efficiencies.

Emmanuel Bouvier D'Yvoire, Global Head Trade Finance, Calyon, said: "We saw very clearly what is happening in the market. Some of our customers need to trade faster, they are under pressure to manage their cash at maximum efficiency, and to achieve this all parties in a trade need to be in sync. As our customers' banking partner, we needed to address this." He added: "We chose TradeCard because it is the undisputed market leader with a proven technology and critical mass around the world. Our customers will benefit greatly from years of experience and an established customer base. TradeCard will allow us to differentiate our financial services offerings and to optimize our own processes."

Launched in 2000, TradeCard today serves nearly 1,000 corporate customers in approximately 40 countries. According to US analyst firm AMR Research, "Companies that are reviewing their global trade finance strategy and systems, contemplating the move toward open account, or looking for a paperless way to streamline trade finance should look at TradeCard." (Greg Aimi, Robert Garf, Laura Preslan, AMR Research Alert, December 14, 2004).

Greater customer retention through wider breadth of services
Calyon will also realize considerable benefits through the partnership as its services on the TradeCard Platform are fully automated and based only on electronic documents. Through the TradeCard Platform, Calyon will be able to provide to customers a single platform for domestic and international open account trade transactions and eventually develop electronic letters of credit. This will open up new opportunities for Calyon to cross-sell services to existing customers and to increase its market share.

Calyon, the result of a May 2004 merger between Credit Agricole Indosuez and Credit Lyonnais' corporate and investment banking, has inherited the vision and commitment to innovate from its parent companies.

"Calyon is clearly at the forefront of realizing what its customers want. We are extremely pleased to have a partner with this kind of vision," said Kurt Cavano, chairman and CEO, TradeCard Inc. "Our partnership will help Calyon's corporate customers to conduct their business more profitably and reduce the risk in their trade supply chains. For TradeCard, this agreement is yet another testimony of the maturity of our business and we look forward to expanding our services further into Europe."

About Calyon, Corporate and Investment Bank
Calyon is the Corporate and Investment Bank of the Credit Agricole Group, combining the businesses of Credit Agricole Indosuez and Credit Lyonnais' Corporate and Investment Banking division.

Backed by Credit Agricole S.A.'s credit ratings and financial solidity, Calyon is positioned as a major player in financial markets and among Europe's leading corporate and investment banks by revenues.

With a staff of 18,000 employees in more than 60 countries, Calyon is specialized in a broad range of capital markets, investment banking and financing activities.

About TradeCard
TradeCard, the leading provider of on-demand financial supply chain products, 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. By using TradeCard, buyers and sellers can manage their transactions with complete visibility to initial orders through final settlement. TradeCard's global network of partners provides additional automated services on the platform including supply chain financing, credit protection, money movement and inspection. In addition to process improvements, customers realize immediate cost savings, optimized cash flow, reduced reliance on credit lines and improved supply chain relationships. Headquartered in New York City, TradeCard Inc. has offices in San Francisco, Hong Kong, Brussels, Taipei, Seoul, Tokyo and Shenzhen. TradeCard is a registered trademark in the United States and elsewhere throughout the world. TradeCard is located online at 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.