FOR IMMEDIATE RELEASE

$ 286 Million
Charged-Off Consumer Loans
NATIONWIDE 

LoanTrade Inc. is pleased to announce it acted as broker on behalf of the Buyer in the sale of charged-off consumer loans the nation’s largest converter of bad debt.  The Seller was a major nationwide finance company..   

Tim Kirkpatrick, LoanTrade’s President said, “ This was a modified version of the Buyer's Cash For Conversion program.  The Seller provided the Buyer with a $286 million portfolio.  The Buyer expects to convert a fair amount of these charge-offs to performing Visa/MasterCards.  The Seller is to be paid a high market price for the accounts that converted and will receive back the remaining unconverted inventory.” 

FOR FURTHER INFORMATION: 
LoanTrade Inc. 
370 W. Camino Gardens Blvd.     Suite 300
Boca Raton, FL  33432  
Attn:     Tim Kirkpatrick                     Phone:  (561) 417-5002           Fax:  (561) 417-5662

The terms, conditions, and information presented by LOANTRADE in connection with this transaction were provided to LOANTRADE by sources we consider to be reliable, however, LOANTRADE makes no representation as to the accuracy of this information.  LOANTRADE cannot guarantee the performance of the Seller.  Seller may reject any and all bids.  Seller may reduce portfolio up to the date of Seller's acceptance of Buyer's offer to purchase.