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Press Release

Unicredit HypoVereinsbank Implements Trade Web System Built on GTC's @GlobalTrade Platform Technology

Toronto, Canada, April 8, 2008 - GlobalTrade Corporation (GTC) today announced that Unicredit HypoVereinsbank, one of the leading European banks has successfully implemented its @GlobalTrade Front End System for processing Import Letters of Credit and Guarantees in Germany.

The system is called 'Trade Web' and is designed to service Small and Midsize enterprises.

"GTC was able to deliver a commercial grade system to us in three month time after completion of the requirement gathering documentation, said, Wolfgang Friedinger, Head of Trade Products & Services, Unicredit HypoVereinsbank. "Our processing staff and corporate customers are very pleased with the results," he added.

"This is the first time that @GlobalTrade Platform Technology originally designed to service the needs of large corporate clients with multiple banking relationships has been used to build a web based front end system for a major bank, said David Jack, VP Development. We have successfully used our base system components to deliver a customized solution that HVB wanted in record time."

About GTC

GlobalTrade Corporation (GTC) is a software developer and applications service provider whose product solutions improve the world of trade finance and trade services. Our @GlobalTrade systems help buyers, sellers, traders, and financial institutions communicate faster and more efficiently while reducing risk and improving monitoring and control. Our customers are business enterprises that need consolidated access to multiple banks and financial institutions that require supply chain finance solutions to meet their clients' needs. @GlobalTrade™ is the registered trademark of GlobalTrade Corporation.

Media Contact

GlobalTrade Corporation
Mabel Keung
+1 416 661 8520