News

TRADECARD AND TRADELINK TECHNOLOGIES PARTNER TO OFFER INTEGRATED SUPPLY CHAIN SERVICES
Companies' combined services will save time and money for traders

Hong Kong, September 18, 2001 - TradeCard Inc., the online financial supply chain services provider, and TradeLink Technologies, the supply chain and logistics solutions provider, today announced an agreement that will provide shared customers with both the online financial settlement and transaction services offered by TradeCard and the electronic shipment information capabilities offered by TradeLink Technologies.

The combined services will link the physical and financial supply chains through online automation. Further, traders using this new offering will gain comprehensive visibility and control over their transactions for both the physical movement of goods and the information necessary for financial settlement.

"Companies are changing the way they think about their supply chains, and they realize that automation has to include financial processes," said Daniel Entac, Managing Director of TradeLink Technologies. "While great strides have been achieved by streamlining the information process around the movement of goods, adding tools to automate the financial settlement portion of a transaction will provide tremendous supply chain benefits. Our alliance with TradeCard allows us to help our customers speed up the payment side of a transaction through web-based technology, and achieve real savings in the process."

By using a powerful system architecture, Hong Kong-based TradeLink Technologies transforms customers' purchase order data through a bar code driver format that allows trading partners such as suppliers and transportation companies to identify shipments, costs and deliveries. Its trading portal, TradeLinkOne leverages logistics expertise with Internet technology to enable information transparency and profitability in business trading activities. Customers include Tommy Hilfiger, Liz Claiborne, Warnaco, Williams-Sonoma and Century Distribution.

"We understand the importance of linking the physical movement of goods with the movement of money. The faster parts, information and decisions can flow through the chain, the faster companies can respond to customer needs and save money in the process", said Kurt Cavano, Chairman and CEO, TradeCard Inc. TradeLinkTechnologies shares our vision that the supply chain has to include the financial settlement and procurement part to be truly efficient."

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, Seattle, Chicago, Hong Kong, Taipei, Seoul and London. TradeCard can be found on the World Wide Web at http://www.tradecard.com.

About TradeLink Technologies
TradeLink Technologies, a business logistical solutions provider, offers international apparel, footwear, hard goods and retail businesses the expertise and Internet-enabled technology to enhance transparency and profitability in all business-trading activities. Through its trading portal, TradeLinkOne.com, the company collects and distributes all documents, orders and shipping details, automating clients' inventory and shipment information. This web-based technology works in conjunction with thin client server applications located on site at suppliers and transportation partners. The products are PackOne and Shipone.

TradeLink Technologies enhances procurement, fulfillment, payment, logistics and full supply chain visibility. The process allows both retailers and manufacturers to improve supply chain operational efficiencies and competitiveness, reduce cycle times, maximizes inventory turnover and decrease total supply chain costs. The company was founded in April 2000 and has grown to 25 staff and serves such internationally respected companies as Liz Claiborne, Tommy Hilfiger, Fantastic Garments, Williams-Sonoma, Century Distribution, BALtrans Logistics and AGI Logistics. TradeLink One has its main offices in Hong Kong and Charlotte, NC. USA. Please visit this web-site for further information: www.tradelinkone.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.