TRADECARD GROWTH EXCEEDS 70 PERCENT IN 2005
Third Straight Year of Major Growth Due to Increased Functionality and Customer Focus

TradeCard achieved a more than 70 percent increase in revenue for 2005 compared to the previous year. In 2005, the company added more than 600 new members to the TradeCard Platform in over 40 countries. This dramatic increase reflects a trend of more companies looking for cost efficient yet flexible ways to source globally. New customers, including Patagonia, Under Armour and J. Jill, have selected TradeCard to better manage their global trade needs.

TradeCard's 2005 growth was powered by the addition of high profile wins such as:

• Patagonia: major athletic/outdoor apparel brand
• Under Armour: originator of high performance athletic apparel, and official supplier to major sporting leagues, including the National Hockey League and the US Ski Team
• Hartmarx: leading men's wear company
• J. Jill: a multi-channel specialty retailer of women's apparel
• Charles Komar & Sons: women's sleepwear and loungewear company
• Star Children's Dress: fast growing children's wear company
• a major men's apparel brand and retailer

New products released in 2005 drove TradeCard's growth, including an early payment program, chargeback management and warehouse reconciliation functionality. These features provide TradeCard customers with unprecedented visibility to optimize financial transactions with events in the physical supply chain. To read more, click here.

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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

Siemens Financial Services, Inc. (SFS), the U.S. financial services arm of Siemens AG, will be 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. For the complete news, please go to http://www.tradecard.com/news/pressreleases/siemens.html

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TRADECARD ORDER SETTLEMENT REPORTING ACHIEVES "POWERED BY SAP NETWEAVER®" CERTIFICATION
TradeCard has achieved "Powered by SAP NetWeaver®" certification for its solution. The certification provides customers with real-time access to global trade transaction data, including purchase orders, invoices and payments, all managed on the TradeCard Platform, via the SAP NetWeaver open integration and application platform. The certified integration of TradeCard's Business Package for Order Settlement Reporting will also enable customers to view TradeCard data from their SAP solution-based environments via the SAP NetWeaver Portal.

"We're proud to extend value for SAP users of TradeCard via a single sign-on with a common look and feel," said Nestor Zwyhun, chief technology officer, TradeCard, Inc. "This certification provides real value to our considerable number of mutual customers, whether they are 100 million dollar or multi-billion dollar in size."

To read the full story, please click on http://www.tradecard.com/news/pressreleases/sap.html

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TRADECARD EXPANDS IN CHINA AND INDIAN SUBCONTINENT
TradeCard has expanded in southern China and South Asia as the company's growth in the world's two most populous nations beats expectations.

New customer service teams will service close to 1,500 vendors mainly in China, on the Indian subcontinent and in North and East Asia, but also in Europe, and in the Middle East. The new team joins TradeCard's already extensive global support organization that includes teams in Hong Kong, Taiwan and South Korea. In 2005, TradeCard expects the number of new vendors signing up to its electronic trade management system to rise by over 60% compared with 2004 - to nearly 700 vendors per year from 400 last year. Growth is expected to accelerate in 2006. To read more, go to http://www.tradecard.com/news/pressreleases/tcexpands.html

Every quarter we will bring you vital business intelligence that will give you insights into important strategic issues related to global trade and supply chain management. This quarter we will bring you recent articles from "Apparel" magazine, "Supply & Demand Chain Executive" and "World Trade Magazine", as well as a research study by Forrester Research on Accounts Payable EIPP.

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All-Star Salute
Grand All-Star: Columbia Sportswear

This article covers Columbia Sportswear the billion-dollar sportswear brand that won the 2005 Apparel Magazine Grand All-Star award. The article explains how, while trying to identify and eliminate areas of inefficiency, the firm evaluated new sourcing strategies, realized it had a heavy reliance on a paper trail in its global supply chain and addressed these issues by adopting TradeCard.

Gert Boyle is one tough mother, and Columbia Sportswear Co. loves her for it. Last year the company her German-immigrant parents founded in 1938 in Portland, OR, surpassed the billion-dollar mark in sales.

Demanding the highest quality, Columbia chairman Boyle puts her firm's outdoor apparel, footwear and equipment through rigorous product testing. She spoofs her iron-clad policies in print and television ads that depict her forcing her son, company president/CEO Timothy Boyle, to test the products under extreme circumstances.

"Our ads have gained a cult-like following," says Columbia Sportswear's public relations manager John Fread, who describes one all-time favorite ad showing Timothy Boyle strapped atop a car in new, water-repellant rain gear and sent through a car wash. "He had to do that shot over and over again," says Fread.

.....

Cyber trade
Although the Boyles prefer the personal touch, the company is aggressively committed to pursuing technological advancements both in product design and operational systems. In 2004, Columbia sought to position itself for growth without adding resources.

While trying to identify and eliminate areas of inefficiency, the firm evaluated new sourcing strategies and realized it had a heavy reliance on a paper trail in its global supply chain. It found that all of this paperwork was causing inefficiencies and a lack of visibility.

To address the problem, Columbia became one of the first sportswear companies to adopt TradeCard, a web-based computer system designed to automate financial processes in global trade. "They offered us a solution," says Fread, who notes that Columbia and 120 of its suppliers are now connected via standardized electronic documents, and coordinated, online inter-company workflow. The system also allows for visibility into procure-to-pay transactions and optimizes the use of capital. The technology plays into the procurement process for more than 30 percent of Columbia's apparel volume.

Optimization of capital is achieved through TradeCard's automated supply chain financing program, which offers vendors discounted early payment using Columbia's own funds. The early payment provides suppliers with cash flow necessary to manufacture efficiently for Columbia. Fread says the system has been in place since June 2004, and the feedback has been positive. "It's working beautifully," says Fread. "[TradeCard] works in real time...replaces the need to open letters of credit...creates reconciliation reports, and is a way to do business better, faster and smarter.".

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Global Sourcing Said Propelling Financial Supply Chain Enabler's Growth

Supply & Demand Chain Executive
January 13, 2006

Patagonia, Hartmarx, Under Armour and J. Jill sign up as TradeCard expands functionality

Financial supply chain solution provider TradeCard this week touted its 2005 results, noting that its growth had exceeded 70 percent last year, marking the third straight year of significant expansion.

New York-based TradeCard offers a trading platform that is used by buyers and sellers in 40 countries to manage their mutual transactions and that provides visibility to initial orders through final settlement.

The enabler said it saw its 2005 revenues increase by more than 70 percent against the previous year. In 2005, the company added more than 600 new members to its TradeCard Platform in over 40 countries, which the solution provider attributed to a trend of more companies looking for cost-efficient yet flexible ways to source globally. New customers for the enabler in 2005 included Patagonia, Hartmarx, Under Armour and J. Jill.

For full article, please go to http://www.sdcexec.com/article_arch.asp?article_id=8128.

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World Trade Magazine on new trade financing options
Moving Offshore Brings New Financing Twists

Richard Barovick
September 2005

Lenders get creative with trade financing options to help U.S. firms compete in the global market.

The relentless migration of U.S. manufacturing overseas, especially to Asia, has slashed costs, while requiring new skills in managing long-distance supply chains. But it has also demanded mastery of unfamiliar financing tools and a fresh strategy in arranging working capital. Or, to put it another way: the conversion of producers into traders has meant a crash course in the financial side of international business, especially for middle market and smaller companies. "It's been a steep learning curve for many," said Michael Scheller, senior vice president, international banking, at New York-based Sterling National Bank (www.sterlingnational.com). "As our manufacturer customers become importers, they have to deal with the inherently riskier nature of international trade, compared with domestic transactions." And that means working with new and complicated documentation and procedures, especially the use of letters of credit (LC), the classic trade finance tool, that "substitutes the reputation and creditworthiness of a bank for that of the importer, guaranteeing payment on the transaction when the conditions of the LC are met," Scheller noted.

Supporting suppliers' working capital

Meanwhile, sourcing abroad has also meant paying attention to the working capital requirements of overseas suppliers, not just the U.S. importer. Typically, a U.S. manufacturer may rely on a bank or finance company for working capital to buy raw materials, finance inventories, and discount receivables. Asian manufacturers, however, rely heavily on U.S. importers' LCs (and their guarantee of payment) to arrange working capital from their local banks.

To read the full article, click here.

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ANALYST REPORT:

Forrester Research: The Forrester Wave™ Accounts Payable EIPP, Q3 2005
Evaluation Of Top Accounts Payable EIPP Vendors Across 74 Criteria

Below you can find an excerpt of this report:

Electronic invoice presentment and payment (EIPP) is becoming an essential tool for businesses. EIPP solutions fall into two categories: accounts receivable (AR) solutions for sellers who want to get electronic invoices into the hands of buyers; and accounts payable (AP) solutions, geared toward buyers who want to receive all invoices electronically. To assess the state of the AP EIPP market and see how the vendors stack up against each other, Forrester evaluated the strengths and weaknesses of top AP EIPP vendors across 74 criteria. The result: American vendors such as TradeCard, Xign, and Ariba scored higher than most of the European vendors, largely due to their more robust AP functionality. BasWare (Finland) emerged as the highest-scoring vendor in Europe. Included in this report is an interactive vendor comparison tool that provides detailed product evaluations and customizable rankings.

This is how the vendors evaluated for the report compared:

VENDOR PROFILES
Leaders

• TradeCard (US). TradeCard was one of the top AP EIPP vendors in current offering and the leader in strategy due to strengths in vision, release history, R&D, and strategic alliances. However, its market presence lags behind older vendors like BasWare and U.S. Bank PowerTrack, which hurt TradeCard's scores for proven scalability and proven usability.
• Xign (US). Xign had the highest score for current offering, with top marks for customer support, security, and accounts payable functions. While its strategy was strong in product vision, go-to-market strategy, and R&D, weaknesses in strategic alliances and pricing kept its strategy rating behind that of TradeCard.
• Ariba (US). Ariba was near the top in current offering (with a top score in architecture and good scores in other criteria), but its strategy scores (especially R&D and strategic alliances) kept it behind TradeCard and Xign.
• BasWare (Finland). BasWare has the largest market share of all the vendors, and solid but not outstanding scores for current offering and strategy. It scored very high in architecture, globalization, and customer support, but weaknesses in security and advanced accounts payable functions - where its European clients are not as demanding as US clients - kept it from getting top marks.
• U.S. Bank PowerTrack (US). U.S. Bank PowerTrack has the second largest market share of all the vendors, and very good scores for security and customer support in current offering, for product strategy, and for go-to-market strategy. However, its relatively old platform hurt its scores for technology and accounts payable functions, and average scores for R&D and strategic alliances limited its strategy score.

To purchase the full report, please go to http://www.forrester.com/Research/Document/Excerpt/0,7211,37129,00.html

TradeCard currently has over 1,500 corporate members, a list that is growing fast.

Find out in our customer case study series in how many different ways our customers benefit from TradeCard's financial supply chain management solution. This quarter, we are featuring BFD Global, a buying agent based in Taiwan. BFD Global specializes in footwear products and Hi-Tec Sports, a multi-million dollar global footwear enterprise is one of BFD's most important, long-term partners. To read the case study, please click here.

In the coming months, TradeCard will participate in:

AAFA Annual Meeting
February 23-25, 2006, Aventura, Florida
TradeCard will sponsor a breakfast at the American Apparel and Footwear Association's Annual Meeting. For further information, please go to http://www.apparelandfootwear.org/data/events/AAFA_Annual_Meeting_2006.pdf

Prime Source
March 28-31, 2006, Hong Kong
Prime Source is comprising a high-level forum and a concurrent trade show and is designed to bring together the industry's movers and shakers as they face both the exciting possibilities as well as uncertain challenges of global free trade. TradeCard is a luncheon sponsor at the International Apparel Forum that runs alongside the tradeshow and will have a booth at the sourcing fair. For further information, please go to http://www.primesourcetradeshow.com/

EMAP Financial Director's Summit
May 22, 2006 - London, United Kingdom
TradeCard will sponsor this event for companies in the retail industry and participate as a speaker.

Be sure to check our web site for updates on where we'll be next.

TradeCard, the leading provider of on-demand supply chain management products, is establishing best practices in global trade with a web-based platform that synchronizes financial transactions with physical events in the global supply chain. Thousands of buyers and sellers in 40 countries use TradeCard to 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 early payment programs, payment protection, export financing, 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, Brussels, Colombo, Hong Kong, Taipei, Seoul, 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.