FOR IMMEDIATE RELEASE

Re-trade Sale of $2.8 Million
Charged-off Visa®/MasterCards® & Private Label
Midwestern States

December 31, 1999 -- LoanTrade Inc. is pleased to announce the sale of our client’s portfolio of charged-off Visa/MasterCard and Private Label accounts. The Seller is a charge-off buyer located in the Midwest.  The accounts consisted of secondary and tertiary recalls and had full documentation support.

Tim Kirkpatrick, LoanTrade's President said "The Seller bought a larger portfolio from a large commercial bank which contained a significant number of accounts which were better than they usually choose to collect.  This transaction was a flip of those accounts to another debt buyer that only wanted two specific states.  This worked out well for both parties".