ICICI Bank First Bank in India To Provide Financing to TradeCard Customers
Bank offers additional source of funding to exporters for automated transactions

New York, March 9, 2006. TradeCard announced today that ICICI Bank, India's second largest bank, has signed a partnership agreement to offer pre- and post export financing to TradeCard customers in Hong Kong and India. ICICI Bank is TradeCard's first financial services partner in India and its 5th partner bank in Hong Kong.

The partnership will better position TradeCard to expand its services on the Indian subcontinent where a large and growing volume of goods that are sourced by TradeCard customers, such as apparel and footwear, are manufactured. For ICICI Bank the strategic partnership will offer an opportunity to further expand its international reach into new markets.

As part of the agreement, ICICI Bank will provide pre- and post export finance for suppliers in India and in Hong Kong. TradeCard members in both territories will have online access to ICICI export financing directly through the TradeCard network. Customers create and approve the finance request document online and receive approval of their request electronically. ICICI Bank has real-time access to these applications, increasing the speed with which the bank can respond to and approve the financing requests.

"As the second-largest bank in India we are committed to offering world-class financial services to our domestic and international customers, and we understand that moving away from paper is key in achieving cost savings and greater efficiency," said Bhargav Dasgupta, Senior General Manager & Head - International Banking Group, ICICI Bank. "The alliance with TradeCard enables us to expand our customer base into new markets but also to support and help expedite the uptake of automated trade finance services in India."

"With its emphasis on leveraging technology for the benefit of its customers, ICICI Bank is the ideal partner in India for us. Together we are improving the way Indian exporters do business," said Kurt Cavano, chairman and CEO, TradeCard Inc. "Not only do we help them become more responsive and faster through automation but this initiative will also give them access to a new source of export finance. This is critical for Indian suppliers in the face of increasing global competition."

About ICICI Bank
About ICICI Bank: ICICI Bank (NYSE:IBN) is India's second largest bank and largest private sector bank with over 50 years of financial experience and with assets of USD 47 billion as on December 31, 2005. The Bank offers a wide range of banking products and financial services to corporate and retail customers through a variety of delivery channels and through its specialised subsidiaries and affiliates in the areas of investment banking, life and non-life insurance, venture capital and asset management. ICICI Bank is a leading player in the retail banking market and has over 15 million retail customer accounts. The Bank has a network of over 600 branches and extension counters, and 2,070 ATMs.

ICICI Bank Limited set up its international banking group in fiscal 2002 to cater to the cross-border needs of clients and leverage on its domestic banking strengths to offer products internationally. ICICI Bank's international presence spans 12 countries and includes three wholly owned subsidiaries in the United Kingdom, Russia and Canada, offshore banking units in Singapore, Hong Kong and Bahrain, a branch in Sri Lanka and representative offices in the United States, China, United Arab Emirates, Bangladesh and South Africa. The International operations of ICICI Bank diversify risks, accelerate growth and enhance profitability for the Bank. The Bank's strong retail network in India, technology enabled operations, superior servicing capabilities and corporate relationships in India provide it with a distinctive competitive advantage in each of the services it offers overseas.

About TradeCard
TradeCard, the leading provider of on-demand supply chain management products, is establishing best practices in global trade with a web-based platform that synchronizes financial transactions with physical events in the global supply chain. Thousands of buyers and sellers in 40 countries use TradeCard to 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 early payment programs, payment protection, export financing, 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, Brussels, Hong Kong, Taipei, Seoul, Tokyo, Colombo and Shenzhen. TradeCard is a registered trademark in the United States and elsewhere throughout the world. TradeCard is located online at www.tradecard.com.

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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.