GLOBAL FINANCE MAGAZINE SELECTS TRADECARD AS THE BEST ONLINE TRADE FINANCE & TRADE LOGISTICS PROVIDER FOR 2001

New York, NY -- June 1, 2001 - In response to input by industry analysts, corporate executives, technology experts and Global Finance magazine editors, Global Finance magazine has selected TradeCard, Inc., as the "Best Online Trade Finance & Trade Logistics Provider" for 2001. The honor will be officially announced in Global Finance's July, 2001 issue. Global Finance covers the trends and issues used by corporate chairmen, presidents, CEOs and other financial officers to make strategic investment and business decisions.

Joseph D. Girraputo, publisher of Global Finance, said: "As competition for international business steadily increases, trade financing is vital to the success of corporations everywhere. And a key part of this is online finance and logisticsr leader in this area and a fitting recipient of the distinction for "Best Online Trade Finance & Trade Logistics Provider" for 2001. TradeCard, in the opinion of a majority of experts from various trade-related disciplines evaluating finance providers in 33 countries or regions, is the clea

TradeCard Chairman and CEO Kurt Cavano was pleased by the recognition. "Global Finance's recognition of TradeCard as the "Best Online Trade Finance & Trade Logistics Provider" for 2001 affirms the job we've been doing. We have grown from a small New York office with a few pilot customers and one transaction type to a multinational company with hundreds of users utilizing our full suite of financial services on our bank-neutral payments platform. This honor by Global Finance, which focuses on the subjects that matter most to our target customers, is powerful acknowledgment that we're fulfilling our mission."

How TradeCard Works
TradeCard provides a range of financial settlement options supporting both cross-border and domestic trade transactions. These choices are designed to meet customers' needs with respect to transaction procurement, fulfillment, risk mitigation, payment decision-making and settlement. In addition, TradeCard provides the benefit of a patented data compliance engine, assurances of payment, money movement and access to logistics, inspection, insurance and financing services.

The following transaction options can be initiated by logging onto TradeCard's global commerce site, through an access point such as a marketplace integrated with TradeCard, or through a company's ERP system that is mapped to TradeCard:

Auto-Approved Payment
This type of transaction begins when the buyer creates a purchase order and negotiates terms with the seller. In addition, to standard terms, such as quantity and price, buyer and seller agree upon the extent of electronic data compliance to occur and options such as assurance of payment. Payment is triggered and the transactions are automatically settled when TradeCard's patented data compliance engine establishes a match at the agreed-upon level between shipping data and original purchase order data. If there is not a match, the discrepancy is identified so the buyer and seller can resolve the issue, after which payment is triggered.

Buyer Approved Payment
Buyer Approved Payment is quite similar to the auto-approved payment option, but it is designed to allow buyers to make the final determination of when to pay. TradeCard's patented data compliance engine establishes a match at the agreed-upon level between shipping data and original purchase order data, and queues the payment to the buyer for final approval. The buyer then decides how much and when to pay, much the same way current open account processes function.

Invoice Presentment
Designed to automate standing orders, this transaction type allows the seller to submit an invoice to the buyer directly through any one of the various TradeCard access points. Once in receipt of the invoice, the buyer can select how much and when to pay.

About TradeCard
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, San Diego, Chicago, Hong Kong, Taipei, Seoul and London. TradeCard can be found on the World Wide Web at http://www.tradecard.com.

About Global Finance
Global Finance has 50,000 subscribers and more than 300,000 readers in more than 160 countries. This audience includes chairmen, presidents, CEOs, CFOs, treasurers, and other financial officers responsible for making investments and strategic business decisions for large global companies and financial institutions. Global Finance targets most of the 8,000 key portfolio investors who control over 80% of all assets under professional management.

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