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New York, NY – March 26, 2003 – Actrade Financial Technologies Ltd. ("Actrade" or the "Company") announced today that the Company's Board of Directors has determined to pursue a sale of the Company as a going concern to maximize value for all of the Company's creditors and stockholders. In this regard, Andersen, Weinroth & Partners, LLC, the Company's financial advisor, will assist the Company in the sale transaction process, including identifying potential purchasers. Any sale transaction will be subject to approval by the Bankruptcy Court for the Southern District of New York.

Pending the outcome of the sale transaction process, the Company will continue to operate its business, engaging in trade acceptance draft ("TAD") transactions with existing customers as well as, potentially, selected new customers.
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