Global Finance Magazine Selects TradeCard as the "Best Online Trade Finance & Trade Logistics Provider" for third year in a row

New York, February 25, 2003 - TradeCard, Inc. has been selected as "Best Online Trade Finance Provider for Finance and Trade Logistics" for 2003, the third year running. Global Finance magazine is a publication read by over 300,000 readers, primarily chairmen, presidents, CEOs, CFOs and treasurers in over 160 countries and conducts this survey identifying the Best Trade Finance providers annually. Global Finance editors - with input from industry analysts, corporate executives and technology experts - made the selection amongst companies globally and in 37 countries or regions based on criteria that included transaction volume, scope of global coverage, customer service, competitive pricing, and innovative technologies.

Joseph D. Girraputo, publisher of Global Finance, said: "Trade finance is a critical factor in ensuring economic growth, and the potential for web-based solutions to streamline the complex processes involved is immense. When we looked at the online trade finance category, we could not find any other company that showed TradeCard's growth, market acceptance and technological innovation. TradeCard was an obvious choice for this year's award."

TradeCard Chairman and CEO Kurt Cavano was honored by the recognition. "TradeCard has had a fantastic year in 2002 with a tenfold increase in transaction volume and monthly revenue growth of 15% on average. The award recognizes all our efforts to ensure that our service reflects our customers' trade finance needs and underscores the strength of our offering."

TradeCard has grown from 250 to over 600 corporate members in one year. Customers include five of the largest US retailers such as JC Penney and Kmart, the two largest Japanese trading companies Mitsui and Mitsubishi, two of the largest Korean chaebols, and several of the world's largest footwear, apparel, and toy companies. Transaction volumes grew tenfold to $500,000M by the end of 2002 and TradeCard now has relationships with sixteen global financial institutions to provide sales, service and financing to TradeCard members and over one hundred logistics companies, which provide TradeCard members both goods movement services as well as critical proof of delivery data to the TradeCard system. GE Commercial Services joined TradeCard in December to provide payment protection to TradeCard members. 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 and manages trade transactions from procurement through to settlement. The TradeCard solution aligns the documentary and financial requirements of a domestic or international trade transaction with the physical movement of goods, eliminating time-consuming and error-prone manual 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 can send and receive trade information and documents to and from any country in the world. Our money movement capabilities allow us to move money to any country that has a modern banking system. Our network of financial institution partners allows us to facilitate services such as payment assurance, cargo insurance and trade finance in many countries.

TradeCard, Inc. is headquartered in New York City with offices in the San Francisco Bay Area, Hong Kong, Taipei, Seoul and Tokyo.

TradeCard is a registered trademark in the United States and elsewhere throughout the world. 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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