UWCCB BANK TO OFFER THE TRADECARD ONLINE TRADE TRANSACTION NETWORK AND POST-EXPORT FINANCING TO TAIWANESE TRADERS
Web-based technology breaks down trade barriers for small- and medium-sized businesses

New York and Taipei - December 7, 2000 - TradeCard, Inc., a global online trade transaction network for buyers and sellers, today announced an agreement with United World Chinese Commercial Bank (UWCCB) of Taiwan that could significantly change the way UWCCB's international trading customers conduct their business.

A key element of the pact calls for UWCCB to offer TradeCard's online trade transaction network to its trading customers. In contrast to traditional paper-based and time- consuming trade transaction methods, the TradeCard system enables members to initiate, fulfill and settle international trade transactions securely over the Internet in a secure, paperless, and transparent manner. In addition, UWCCB will offer post-export financing to TradeCard members, a critical component required by many sellers for maintaining liquidity when conducting international trades.

Kurt Cavano, Chairman and CEO of TradeCard, explained how the TradeCard system closes the trade transaction loop for buyers and sellers over the Internet, as well as TradeCard's advantages over traditional trade transaction methods.

"Currently buyers and sellers can shop, negotiate, and even order goods online. However, when it comes to completing the transaction - fulfilling the order, checking to see if it's in compliance, and settling the trade - they have to drop offline and resort to age-old paper-based methods, which are time-consuming and expensive. With TradeCard, all of this can be accomplished online. Further, because of our agreement with UWCCB, TradeCard members can arrange to finance their trades through UWCCB online through the TradeCard network."

"UWCCB's trading customers have been looking for Internet-based alternatives to traditional trade transaction methods so they can improve efficiencies, cut costs, and increase profits," said Mr. Andrew C. Y. Tsai, S. V. P. & G. M. of International Banking Division . "By offering the TradeCard system as well as post-export financing through that network, we will be addressing this need, thereby better serving our customers and ourselves."

TradeCard launched service in Asia in the Spring of 2000, and currently supports international trades in the United States, Canada, Taiwan, Hong Kong, Korea, and Singapore, with limited service in Japan. The company anticipates launching service in Europe and Latin America in 2001.

How TradeCard Works
In order to use TradeCard's patented transaction system, buyers and sellers must first become approved TradeCard members. To begin a transaction, the buyer creates an electronic purchase order in one of three ways: through the TradeCard system using its contract templates, via electronic file from a company's ERP system, or from an online marketplace. TradeCard then notifies the seller that there is a purchase order pending for review. The buyer and seller can further negotiate the purchase order online. Once they agree to the terms, both buyer and seller authorize the purchase order with digital signatures.

TradeCard stores the approved purchase order in its secure, proprietary database. Once the packing list and invoice have been created and authenticated by the seller, an assurance of payment is attached to the purchase order, confirming the amount of coverage on the shipment, and ensuring that the seller will receive payment upon compliance up to the assured amount. TradeCard's patented compliance engine then electronically compares the data from the electronically submitted shipping documents to the original purchase order. If discrepancies are identified, the buyer and seller can negotiate them online. Once compliance is met, payment is transferred electronically from the buyer's financial institution to the seller's financial institution.

In addition to these core transaction features, TradeCard members can contract for pre- and post-export financing, inspection services, cargo insurance and other value-added services.

About TradeCard
TradeCard is a business-to-business e-commerce infrastructure that enables buyers and sellers to initiate, conduct and settle international trade transactions securely over the Internet. By aggregating buyers, sellers and disparate trade service providers, our patented solution automates and streamlines existing international trade transaction processes, which are complex, paper-based, time-consuming and expensive. Our objective is to provide a secure, reliable, cost-effective and easy-to-use solution for conducting and settling international trade transactions.

TradeCard, Inc. is headquartered in New York City with U.S. offices in San Francisco, San Diego and Chicago, and Asian offices in Hong Kong and Taiwan. TradeCard can be found on the World Wide Web at http://www.tradecard.com.

About UWCCB
United World Chinese Commercial Bank (UWCCB), established in 1975, is considered one of the most profitable banks in Taiwan with solid asset quality substantiated by its low NPL ratio, as well as high ROE and ROA earnings per employee.

Due to its unique position as a settlement bank for the Taiwan Stock Exchange Company as well as its settlement role between stock brokerage houses and 2.3 million investors in the equity market, UWCCB has been able to tap low- cost funds, which is very helpful for business development.

Besides 70 local branches to provide different financial services, the Bank has also established overseas branches and offices in the United States and Southeast Asia to expand its presence in the international market.

In today's "e" era, the Bank has established e-Banking Services Department not only to provide its customers with various electronic financial products but also to strategically ally with IT partners to explore new business.

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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.