Chang Hwa Bank To Offer Export Financing Services on TradeCard
Partnership expands automated financing choices for TradeCard member companies in Taiwan

New York and Taipei, November 29, 2004 - TradeCard Inc., the leading provider of on-demand financial supply chain services, announced a partnership agreement with Taiwan-based Chang Hwa Bank today that provides TradeCard members in Taiwan with a new source of financing through the TradeCard platform. Chang Hwa Bank, one of the leading trade finance banks in Taiwan and one of the top 500 banks worldwide, offers three types of financing to TradeCard member companies in Taiwan: pre-export, post-export and early payment financing. Chang Hwa Bank is the seventh bank in Taiwan to partner with TradeCard and the fifteenth bank globally to offer financing services on TradeCard. Since TradeCard started offering financing to companies who use its automated global trade platform in 2000, the financing volume has grown by over 60% each year.

Financing is one of the major concerns for Asian exporters, especially small and medium sized enterprises (SMEs), the majority of which have limited working capital.. They often rely on loans that enable them to purchase the raw materials and labor for production when they receive an order. There are over one million SMEs in Taiwan alone.

"As a forward-looking bank we grow with our customers and believe that the automation of trade finance services will help both our customers and Chang Hwa Bank to keep our competitive edge in an increasingly difficult export environment," noted a representative from Chang Hwa Bank. "TradeCard is the ideal partner because we can use our combined strengths to improve the competitiveness of Taiwan's export industries whose largely paper-laden operations have huge potential for streamlining through automation."

Automated financing is faster and more cost-effective
TradeCard's web-based platform automates the workflow in trade transactions from procurement to payment. All it takes to apply for financing is the "click of a mouse", speeding up the application turnaround for financing services for TradeCard member companies. Through using TradeCard, members decide their financing requirements on a transactional basis to fit their needs. In comparison, traditional factoring of open account transactions requires the seller to finance his entire season or annual sales. For Chang Hwa Bank, financing of a TradeCard member is more cost-effective than traditional financing. The automation of the application and decision-making process reduces paperwork, and the credit risk is reduced as visibility is gained into the complete transaction cycle. Other TradeCard partner banks report reduction of paperwork of 50% overall.

"We see Chang Hwa Bank as a like-minded partner who fully understands the real needs of their customers for faster and more reliable financing," noted Kurt Cavano, Chairman and CEO, TradeCard Inc. "In a market such as Taiwan, where electronic transactions are heavily promoted by the government, we expect demand for automated financing and transaction services to increase dramatically over the coming year, and this additional financing option gives our customers greater choice and flexibility."

About TradeCard
TradeCard, the leading provider of on-demand financial supply chain services, 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.

About Chang Hwa Bank
Chang Hwa Commercial Bank Limited is one of the major trade banks in Taiwan and has grown to be a top 500 bank worldwide (216 in capital & 217 in total assets according to "The Banker" in 2003). With aims to be an integrated financial service provider,the Bank's principal activity includes trust services, international banking and overseas branch operations, bills discounts, domestic remittances, credit card, custodianship and warehousing services, safe deposit box rental, derivative financial services and other agency operations. The Bank has approximately 185 island-wide offices in Taiwan, 8 overseas units and 5 securities brokers. For further information, please contact:

Mr. Walter W.T. Yeh
Senior Vice President & General Manager
Chang Hwa Bank
Tel: 886-02-2536-2951 ext. 1777
Fax: 886-02-2511- 4735
E-mail: yehwantu@ms1.chb.com.tw

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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.