TRADECARD SECURES US$14 MILLION IN EQUITY FINANCING ROUND

Warburg Pincus Leads Completion of Investment Round to Further Support TradeCard's Growth and Momentum

NEW YORK, April 19, 2006 - TradeCard Inc., the leading provider of on-demand supply chain automation products, announced today that it has raised more than US$14million of equity capital to support its growth strategy for helping businesses optimize global sourcing. Warburg Pincus, a leading global private equity investment firm and the majority shareholder in TradeCard, led the round. A number of other TradeCard shareholders and financial services partners participated in the financing.

For the past three years, TradeCard has experienced more than 100 percent revenue growth on average per year.

"This latest equity round validates our business, products and growth strategy, " said Kurt Cavano, CEO of TradeCard. "We've clearly demonstrated to the entire market that our vision for synchronizing global trade provides significant opportunities for companies to achieve savings and growth within their supply chains. Businesses everywhere are turning to countries that provide services at lower costs, such as China, to generate new savings and profit margin - and TradeCard is helping them to get it done the right way."

TradeCard manages the flow of data between trading partners through an on-demand platform that integrates financial services and local, in-country support to help businesses optimize their global sourcing operations.

"Today, businesses of all sizes are tapping into low-cost regions overseas to reduce costs and compete better," said Cary J. Davis, a Warburg Pincus Managing Director and leader of the firm's financial technology practice. "TradeCard provides a unique formula of on-demand technology, support and financial services that connects buyers and sellers and synchronizes physical and financial aspects of the supply chain. The agility and supply chain visibility provided by TradeCard is a key differentiator in today's world of shifting demands."

To date, TradeCard has achieved the following milestones:

• On-average revenue growth of more than 100% per year over the past three years (2003, 2004, 2005)
• More than 1,800 TradeCard registered members up and transacting on the TradeCard Platform
• Processed US$2.2 billion in purchase orders in 2004 and $3.8 billion in 2005; more than US$8 billion in transaction volume since inception in 1999
• Proven leadership continued among financial supply chain providers with recent customer wins in apparel, retail, consumer goods and furniture industries
• In April 2006, TradeCard launched the SourceView™ visibility suite to help customers synchronize and control the physical and financial supply chain. SourceView™ supports purchase order (PO) management processes from PO issuance through chargebacks and enables customers to manage events and processes for vendor compliance, packing, labeling, shipment building, goods receipt reconciliation and chargebacks, to ensure that orders arrive at the right place at the right time.
• In March 2006, announced a partnership agreement with ICICI Bank, India's second largest bank, to offer pre- and post-export financing to TradeCard customers in Hong Kong and India. ICICI Bank is TradeCard's first financial services partner in India and its 5th partner bank in Hong Kong
• In January 2006, achieved "Powered by SAP NetWeaver®" certification for the TradeCard Platform. 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
• In January 2006, announced Siemens Financial Services, Inc., the U.S. financial services arm of Siemens AG, as a new financial services partner in TradeCard's Early Payment Program. The program provides a new source of cash flow for TradeCard supplier members
• In July 2005, announced the launch of its automated Early Payment Program

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 www.tradecard.com.

About Warburg Pincus
Warburg Pincus has been a leading private equity investor since 1971. The firm currently has approximately $13 billion under management and invests in a range of sectors including media and business services, information and communication technology, financial services, healthcare, LBOs and special situations, energy and real estate. Warburg Pincus has raised 11 private equity investment funds which have invested approximately $23 billion in more than 525 companies in 30 countries. Currently the firm is investing from an $8 billion fund which closed in August 2005. An experienced partner to entrepreneurs seeking to create and build durable companies with sustainable value, Warburg Pincus has offices in North America, Europe and Asia and an active portfolio of more than 100 companies. For further information, please visit www.warburgpincus.com.