TRADECARD, UNIVERSAL EC JOIN FORCES TO BRING WEB-ENABLED FINANCIAL SETTLEMENT TO TAIWAN TRADERS
Universal EC's high-tech customers will benefit from greater efficiencies in trade transaction processing

Taipei, April 29, 2002 -TradeCard, Inc. today announced a partnership agreement with Universal EC Inc. (UEC), a Taiwan-based provider of integrated B2B application software and e-commerce solutions that will enable Universal EC to offer the TradeCard financial supply chain platform to the Taiwan trading community, starting with its own customer base of companies in the high-tech manufacturing sector. TradeCard's patented service for online transaction management and financial settlement enables buyers and sellers around the world to conduct domestic and cross-border trade transactions securely over the Internet.

At a later stage the two companies plan to integrate TradeCard's financial supply chain platform and Universal EC's e-logistics and e-finance applications to enable businesses to complete the complex value chain of international trade, from purchase order to proof of delivery to payment.

"This alliance will benefit TradeCard by leveraging Universal EC's 17 years of experience in business IT and Internet services in Taiwan and in Greater China," said Kurt Cavano, Chairman and CEO, TradeCard Inc. "The close collaboration will provide Taiwan's traders with a fully automated tool to conduct their trade transactions online, not just from purchase order to payment, but also, for the first time, collaborating with automated customs clearance services".

"TradeCard offers cost-effective cross-border online ordering and payment assurance solutions," says Terry Lee, President of Universal EC's Logistics business unit. "A buyer and seller can simply access TradeCard's website or connect via a corporations' ERP system for online order acknowledgment, payment assurance, trading document exchange, automatic payment approval and financing. This is a major departure from traditional settlement methods, which required great manpower and paper-intensive processes such as the issuing of a letter of credit and the associated document checking. For us, customer satisfaction is paramount and by offering TradeCard's functionalities to our customers we are confident to invest in the future success of Taiwan's trading community.

Lee continued, "Future integration of TradeCard's international financial supply chain and Universal EC's business applications will further ensure seamless processing of trade transactions for Taiwan companies, reduce international trading costs and enhance Taiwan's competitive advantage.

About Universal EC Inc.
With 17 years of experience in enterprise application software and network service, Universal EC Inc. provides integrated B2B application, services, and solutions committed to the facilitation of B2B operations. Universal EC Inc. offers enterprise application software, system integration, an e-business/e-commerce platform and network service as well as professional consulting, which maximize profits for the banking, manufacturing, transportation and logistics and retail industries. With UEC's Intelligent Commerce Engine (ICE) platform, enterprises could leverage information exchange to integrate their information, cash, transportation and business flow in an effort to facilitate inter-business collaboration. Universal EC Inc. is headquartered in Taipei, with offices in Taichung, Kaohsiung and Shanghai. For further information, go to www.universalec.com.

About TradeCard
TradeCard is a financial supply chain services 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, Chicago, Hong Kong, Taipei, Sao Paulo, Seoul, Tokyo and London. TradeCard can be found on the World Wide Web at http://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.