FOR IMMEDIATE RELEASE

Sale of $237 Million
Charged-Off Visa®/MasterCards®
Debt Converter Sells Large Nationwide Pool

February 28, 1999 -- LoanTrade Inc. is please to announce its sale of a nationwide portfolio of charged-off credit cards on behalf of its client, the nation's largest converter of charged-off debt.  The portfolio sold consisted of charged-off credit cards which had been acquired by our client from banks. Our client used its sophisticated debtor location techniques to update this portfolio database in order to market its debt transfer program. Many debtors had been located and contacted, but were not simply not interested in transferring their unpaid balances via our client's credit card offer.

Tim Kirkpatrick, LoanTrade's President said "This portfolio represented an excellent value to  traditional collectors because the quality of the portfolio data fields was likely better (fresher) than the original data that was provided by the originating banks and because our client has not used the more aggressive traditional collection techniques".