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Press Release

Peter Sproston Joins GTC Advisory Board

Toronto Canada, January 09, 2006 - Globaltrade Corporation (GTC) has announced today that Peter Sproston, BSc (Hons) ACIB MIEx (Grad), formerly Head of the Trade Finance Department for Marc Rich & Co Investment AG, has joined its Advisory Board.

Peter will assist GTC in new product development of its existing @GlobalTrade Platform specifically for those corporates and financial institutions in Europe. Prior to his role with Marc Rich & Co Investment AG, Peter served as Head of the Trade Finance Department at Glencore International AG, Assistant Vice President at Bank Hofmann AG (formerly BHE), and as a Documentary Credit Specialist at UBS.

'We are very proud to have Peter Sproston on our team, said Jacob Katsman,GTC's CEO. Peter is a widely acknowledged expert in Trade Finance and has tremendous knowledge and understanding of how the traditional trade instruments operate today and how they will evolve in the future.'

'The persistence and dedication that GTC has demonstrated over the years in making @GlobalTrade a recognised name in trade finance facilitation is commendable,' said Peter Sproston. 'The company's faith in the virtue of its platform and the benefits to be derived from same are such that I have been persuaded to give of such technical knowledge as I have in helping GTC team to develop this platform to its fullest potential.'

About GlobalTrade Corporation

GlobalTrade Corporation is a software development house and applications service provider. The company designs, develops and manages innovative, collaborative products and services for global trade industry. GlobalTrade customers are producers and traders that require consolidated access to multiple banks, centralized or delegated document preparation and management, third-party collaboration and risk exposure control; and financial institutions that require secure electronic data exchange with their corporate customers. @GlobalTrade is a registered trademark of GlobalTrade Corporation.

Media Contact

GlobalTrade Corporation
Mabel Keung
+1 416 661 8520