News

GLOBAL FINANCE MAGAZINE SELECTS TRADECARD AS THE "BEST ONLINE TRADE FINANCE & TRADE LOGISTICS PROVIDER" FOR SECOND YEAR IN A ROW

New York, May 13, 2002 - TradeCard, Inc. has been named "Best Online Trade Finance Provider for Finance and Trade Logistics" for 2002 by Global Finance magazine, a publication read by over 235,000 readers, primarily chairmen, presidents, CEOs, CFOs and treasurers in over 160 countries. This is the second year in a row TradeCard has received the honor. Award decisions were made by Global Finance editors, with input from industry analysts, corporate executives, and technology experts. Their criteria centered on transaction volumes, scope of global coverage, ease of use, competitive pricing and innovative technologies.

Joseph D. Girraputo, publisher of Global Finance, said: "TradeCard has demonstrated solid performance for the second consecutive year. As a publication that continuously monitors the global players in trade, we were pleased to recognize TradeCard as the market leader in trade finance and trade logistics."

TradeCard Chairman and CEO Kurt Cavano was honored by the recognition. "TradeCard prides itself on its technology and network of trade service providers, which include some of the most important global financial institutions and logistics companies. Receiving the Global Finance award for these combined strengths both honors us and underscores the strength of our offering."

TradeCard has relationships with over a dozen global financial institutions to provide sales, service and financing to TradeCard members, as well as over sixty logistics companies, which provide TradeCard members both goods movement services as well as critical proof of delivery data to the TradeCard system. For a complete listing of these TradeCard finance and logistics partners, visit www.tradecard.com.

About TradeCard, Inc.
TradeCard is a financial supply chain service provider. TradeCard's secure transmission 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 is headquartered in New York City with offices in the San Francisco Bay Area, Chicago, Hong Kong, Taipei, Seoul, Tokyo and London. TradeCard is a registered trademark in the United States. TradeCard can be found on the World Wide Web at www.tradecard.com.

About Global Finance
Global Finance has 50,000 subscribers and more than 235,000 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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