SOURCE: TradeCard, Inc.

January 16, 2007 09:05 ET

TradeCard Posts 48 Percent Revenue Growth in 2006

More Than $5 Billion in New Purchase Orders Entered the TradeCard Platform in 2006 to Drive Its Fourth Consecutive Year of Significant Growth

NEW YORK, NY -- (MARKET WIRE) -- January 16, 2007 -- TradeCard, Inc., the leading provider of global trade products for financial and physical supply chain automation, announced today that it has achieved its fourth consecutive year of major growth based on a 48 percent increase in revenue, 24 new customer deals and more than 750 new supplier-customers added to the TradeCard Platform in 2006. TradeCard's growth was driven by new product innovation including the SourceView™ visibility suite, which was rapidly embraced by consumer goods and retail companies and resulted in 8 new contracts for the product since its launch in May of 2006.

New customers that signed on with TradeCard this year ranged in size from small gear bag designer OGIO to large retail and brand names Stride Rite and Perry Ellis. Other new customers include:

--  Alarmex
--  American Sporting Goods
--  Bassett Furniture
--  Carhartt
--  Goody's
--  Indiana Knitwear
--  Magnussen
--  Tweeter Home Electronics
--  Walls Industries
"Direct sourcing, private labeling and offshore manufacturing are growing trends in retail and consumer goods industries and TradeCard provides a significant opportunity for business growth though global sourcing. TradeCard helps companies improve their margin and cash flow, increase their supply chain visibility and create agile operations through our global trade platform and SourceView visibility suite," said Kurt Cavano, CEO of TradeCard, Inc. "TradeCard's holistic approach to supply chain management has been embraced and continues to gain momentum. Companies today are finding that all the elements of global trade -- cash, product and data flow -- need to be addressed as one whole picture rather than point by point."

TradeCard gained traction in key consumer product sub-vertical industries in 2006 including furniture, consumer electronics and sporting goods. Strategic banking partnerships with ICICI Bank in India and CAFTrade in Nicaragua extended TradeCard's reach into fast growing regions such as Asia and Central America.

In 2006 TradeCard was honored by its colleagues in the apparel, finance and global trade industries. Apparel Magazine selected TradeCard as the top software vendor in apparel and retail for service quality, ease of installation, ease of upgrading and ease of administration and maintenance. Global Finance Magazine named TradeCard the World's Best Online Trade Finance Provider 2006. Trade Finance Magazine named TradeCard one of its Top Four Independent Trade Platform Providers 2006.

Collaboration with suppliers through TradeCard's on-demand technology platform adds agility to the supply chain to help buyers and suppliers meet rapidly shifting pressures and demands, such as increased transaction frequencies and specialized orders. TradeCard provides online access to a network of more than 2,500 trading partners around the world and injects financial services into its network to optimize cash flow and merge physical and financial aspects of the supply chain. TradeCard provides a local "feet on the street" customer support team that speaks 32 languages and supports customers in 40 countries.

About TradeCard

TradeCard is the leading provider of on-demand supply chain management solutions. The TradeCard Platform synchronizes financial transactions with physical events in the global supply chain to help customers automate trade transactions from purchase order to payment and chargebacks. Buyers, sellers and their trading partners manage transactions through a web-based platform with online financial services integrated into the workflow. This turnkey transaction management enables customers to improve margins and enhance growth, with extra-organizational supply chain visibility. TradeCard's on-the-ground trade experts throughout the world assure superior supply chain agility.

TradeCard manages global trade for thousands of users in over 40 countries, including Columbia Sportswear, Rite Aid and Wolverine Worldwide. TradeCard, Inc. is headquartered in New York City and has offices in San Francisco, Hong Kong, Brussels, Taipei, Seoul, Tokyo, Colombo, and Shenzhen. TradeCard is located online at

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.

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