INTERNATIONAL PLAYTHINGS CHOOSES TRADECARD TO CUT SETTLEMENT COSTS, TAKE TRANSACTION CONTROL
Award-winning toy company using TradeCard in lieu of letters of credit to automate cross-border settlements with Asian vendors

New York, June 19, 2001 -- TradeCard, a financial supply chain service provider, today announced that International Playthings, the New Jersey-based toy company, has selected TradeCard to replace letters of credit for their trade transactions with overseas vendors.

International Playthings believes the move will yield both process efficiencies and cost savings. Chief Financial Officer Michael Varda said: "In Asia alone, we have 18 vendors who send us hundreds of shipments of toys annually using letters of credit - a cumbersome process which often involves frustrating and costly paper chases. But TradeCard gives us the tools we need to streamline and take control of our transactions. We can see every step of a transaction through the TradeCard system, and as a result both manage our working capital better and rein in transaction costs."

TradeCard offers a single platform which hosts a suite of financial services that enable virtually any type of domestic or cross-border trade transaction to be initiated, tracked and settled in an automated, collaborative environment. Employing these services can have a positive impact on a company's bottom line. According to a recent Cap Gemini Ernst & Young benchmarking study of 150 large companies, companies that automate the financial supply chain with TradeCard could save up to 50 to 100 basis points in process costs, which include labor and fees related to purchasing, invoicing, accounts receivables, accounts payables, risk management, and treasury management.

Kurt Cavano, TradeCard Chairman and CEO, said: "We're delighted to have International Playthings as a customer. TradeCard allows them to focus on their core business instead of getting bogged down in the costly and complex paper process."

International Playthings has been singled out for over thirty industry awards in the last year alone including the Oppenheim Toy Portfolio Award and the American Specialty Toy Retailing Award. Their Tomy, Calico Critters and Earlyears brands, among many others, are carried in specialty toy stores throughout the United States.

TradeCard, which has been processing transactions since 1999, launched commercially in April 2000. Since then, the company has expanded its offerings beyond its signature product, which enables credit-assured cross border trade transactions. Now, through a single platform that hosts a suite of financial services, TradeCard enables virtually any type of domestic or cross-border trade transaction. TradeCard's platform infrastructure combined with a powerful transaction network and product features comprise a complete financial supply chain offering. A financial supply chain platform can help buyers and sellers better manage their accounts payables and receivables processes by providing more accurate information and visibility into their transactions while automating many of the labor- intensive aspects of payables and receivables management.

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 International Playthings
For over 30 years, International Playthings has offered award-winning toys for kids of all ages. Our mission is to develop innovative and entertaining products with integrity, superior play value and child developmental qualities.

International Playthings offers over 1000 toys for infants to teenagers. Among our offerings are puzzles, games, educational toys, arts, crafts, activities and dolls - a diverse line of the finest toys from around the globe

With our emphasis on quality, education and developmental value we are proud to receive numerous awards each year, including recognition by the Oppenheim Toy Portfolio and the American Specialty Toy Retailing Association.

You can find International Playthings' toys, games, puzzles and dolls at leading specialty toy retailers across the country. You can also find many of them online at Imaginarium.com by clicking on the links in our online catalog. International Playthings can be found on the World Wide Web at www.intplay.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.