FOR IMMEDIATE RELEASE

Sale of $158.5 Million
Charged-Off Visa®/MasterCards®
Nationwide

March 17, 1999 -- LoanTrade Inc. is pleased to announce its participation in the acquisition of a large charged-off credit card portfolio on behalf of its client. The Seller is a well known purchaser of charged-off accounts.   LoanTrade's client is also a purchaser of charged-off portfolios.   LoanTrade represented the acquiring institution.

"This transaction proved a challenge from the start.  This single transaction involved the combination of 18 different bank portfolios in one trade!" said Tim Kirkpatrick, President of LoanTrade Inc.  "The transaction proved to be successful for both parties.  It enabled the Seller to liquidate a segment of its portfolio and re-deploy the sale proceeds towards new cash acquisitions and the Purchaser acquired a new portfolio at a very attractive price."