Crain's New York Business selects TradeCard as one of New York's 5 most promising VC-backed companies

New York, December 15, 2003. TradeCard, the end-to-end financial supply chain service provider, has been selected as one of the five most promising venture capital-backed companies in the New York City area.

The selection, by Crain's New York Business, was made in close cooperation with the National Venture Capital Association. Nominations were solicited both from the association's members and from Crain's readership. A broad range of sectors was included in the search for promising young companies, including biotechnology, health care, financial services, business services, education, media, software and telecommunications. Among the criteria evaluated for the 'Top 5' winners were: size of business opportunity offered; the validity of the product; the competitive landscape; the strength of the management team; and the amount of venture capital backing.

According to Crain's New York Business, TradeCard is not the only company that dreams of bringing global trade online, but it may be the only one that addresses all the steps of the procurement process.

"We are very proud to have been selected by Crain's New York business as one of the winners. This reinforces our view that we are on the right track to providing exactly the kind of service our customers most want and need," said Kurt Cavano, chairman and CEO of TradeCard, Inc.

He added, "We are extremely lucky in having Warburg Pincus as the provider of TradeCard's funding. Instead of trying to raise more capital, the management team and I can spend all our time concentrating on strategy and aggressively building up the business. This is essential to creating a successful and sustainable company."

TradeCard was also selected as "Best Online Trade Finance and Logistics Provider" by Global Finance Magazine in 2001, 2002 and 2003.

About TradeCard
TradeCard, the leading Financial Supply Chain services provider 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 settlements. 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 Crain's New York Business
Read by more than 254,000 of New York City's top executives, Crain's New York Business delivers a dynamic mix of breaking news stories, enlightening features and detailed analyses of events vital to the New York business community. Crain's exclusive and in-depth reports provide area business leaders with essential information they will not find in any other publication. Crain's can be found on the World Wide Web at www.crainsny.com.

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