TRADECARD ANNOUNCES GLOBAL EXPANSION OF EARLY PAYMENT PROGRAM WITH SIEMENS FINANCIAL SERVICES
New program partner to provide additional source of operating cash for TradeCard members

New York, January 5, 2006 - TradeCard Inc., the leading provider of on-demand financial supply chain products today announced Siemens Financial Services, Inc. (SFS), the U.S. financial services arm of Siemens AG, as a new partner in TradeCard's Early Payment Program. The program provides a new source of cash flow for TradeCard supplier members on a non-recourse basis. SFS brings a unique global presence to the Program and will enable TradeCard to expand the service to a number of new countries with the potential to offer it worldwide.

TradeCard's Early Payment Program optimizes capital in the supply chain in an innovative way. Typically, in order to lower supply chain costs, buyers in international trade increasingly favor open account trading over using Letters of Credit. This, combined with improved payment terms, enables buyers to hold on to their money longer and to deploy cash and credit lines in more productive areas of their business. The effect of this trend on suppliers is increased non-payment risk as well as increased use of credit facilities to speed up cash flow. However, the higher cost of financing for suppliers is often reflected in the cost of goods to the buyer. As a result of the buyer's actions and the supplier's reaction, both buyer and supplier lose.

In the TradeCard model, supply chain capital optimization across the supply ecosystem shifts this dynamic. It enables financially weaker partners - typically suppliers - to access capital based upon the buyer's typically stronger credit profile, without guarantees, covenants or balance sheet impact to either party. Unlike traditional factoring products that demand a long-term contract, early payment on TradeCard is available on a transaction-by-transaction basis, or for a predetermined period. The partnership with SFS will expand the service to a total of fourteen countries and, given SFS' global reach, potentially many more.

"The strategic relationship with TradeCard is an important step for us in our drive to support innovative financial solutions that improve our customers' business," said SFS President and CEO, Roland Chalons-Browne. "We have a thorough understanding of the hurdles that smaller exporters face with regards to adequate funding and are convinced that this new model of early payment truly benefits both buyer and seller instead of just pushing costs up the supply chain."

"Siemens Financial Services brings tremendous assets to our existing portfolio of financial services," said Kurt Cavano, chairman and CEO, TradeCard Inc. "A company of this financial size and global reach will enable us to service suppliers in more and more countries as our network of users grows and global sourcing expands into new locations."

About TradeCard
TradeCard, the leading provider of on-demand financial supply chain products, is revolutionizing global trade with a web-based platform that automates the financial processes in supply chains that have been plagued with decades-old paper-based solutions. By using TradeCard, buyers and sellers can 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 supply chain financing, credit protection, 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, Hong Kong, Brussels, Taipei, Seoul, Colombo, Tokyo and Shenzhen. TradeCard is a registered trademark in the United States and elsewhere throughout the world. TradeCard is located online at www.tradecard.com.

About Siemens Financial Services
With some 1,700 employees and an international network of financial companies coordinated by Siemens Financial Services GmbH, Munich, the Siemens Financial Services (SFS) Group offers a broad range of financial services. This covers activities from sales and investment financing to treasury services, fund management and insurance brokerage. SFS's key customers are above all internationally active industrial and services companies, as well as public-sector operators. SFS supervises 21 leasing companies worldwide. Further information: www.siemens.com/sfs

Siemens Financial Services, Inc. is one of Siemens' operating companies in the United States. The people of Siemens Financial Services, Inc. build relationships to deliver customized commercial financing solutions. SFS is led by industry veterans who work to ensure quick, quality financing. With expertise in Asset-Based Lending, Equipment Financing, Commercial Trade Finance and Vendor Financing, each transaction is tailored to fit the specific borrowing needs of the client.

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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.