FOR IMMEDIATE RELEASE

Sale of $32.1 Million
Charged-Off Visa®/MasterCards®
Nationwide

September 28, 1998 -- 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 one of the nation's largest purchaser's of charged-off accounts. LoanTrade's client is also a purchaser of charged-off portfolios.   LoanTrade represented the acquiring institution.

"This transaction was very strategic for both parties" said Tim Kirkpatrick, LoanTrade's President.  "Recovery strategies and capabilities vary by company.   One recovery firm's approach may be considerably different than another's'.   The recovery process is like sand falling through many layers of screens, each of which filters out more of the collectible accounts than the one before it.  Both parties to this transaction benefited.  The Seller felt it had exhausted its recovery efforts, and, therefore a sale made sense.  The purchaser, using a different recovery strategy, felt it was obtaining inventory which still had life in it."