PROVIDENCE, RI, July 25, 2000 - Tradesafe.com, providers of the first guaranteed, global Internet payment service, and AuctionWatch.com -- the leading provider of solutions that enable businesses to leverage dynamic commerce -- today announced the availability of Tradesafe Payments as an integrated online payment solution featured on AuctionWatch.com's Web site.

Under terms of the agreement, AuctionWatch.com visitors who purchase from sellers using Tradesafe Payments will be able to rapidly execute online transactions without fear of fraud, while sellers have access to credit card processing without fear of credit card fraud or unwarranted charge-backs.

AuctionWatch.com has developed a suite of applications that enables businesses of all sizes to sell successfully across multiple online marketplaces. AuctionWatch.com's services provide businesses with the tools necessary to efficiently distribute merchandise and acquire customers, while providing a convenient service for customers to locate and purchase these products.

"It's a great compliment to have been chosen by AuctionWatch.com, a powerful Internet company that recommends only the best online services to its visitors," said Ken Pereira, President and CEO of Tradesafe.com. "This alliance enables AuctionWatch.com's buyers and sellers to have a safe, convenient and seamless way to protect their transactions with the most trusted service on the Internet."

"Online auctions continue to represent an extremely effective medium for sellers and buyers to trade goods. We are dedicated to providing buyers and sellers with the resources necessary to make their transactions as safe and efficient as possible," said AuctionWatch.com CEO Rodrigo Sales. "Our partnership with Tradesafe enables us to provide an added level of fraud protection for our customers, so that they may buy and sell with confidence."

Contact:

June Landry
Tradesafe.com
401.272.9130 x110
junel@Tradesafe.com

Millie K. Lee
AuctionWatch.com
650-808-5814
mlee@auctionwatch.com

About AuctionWatch.com
With over three million unique visitors a month and hundreds of thousands of registered sellers, AuctionWatch.com is widely recognized as the company of choice for businesses looking to efficiently distribute merchandise to auction and cost effectively acquire customers. In addition to its suite of powerful seller services, AuctionWatch.com offers buyers an industry-leading search capability, allowing them to conveniently locate items across hundreds of auction sites. The company also publishes daily content on the auction industry, hosts the industry's premier online appraisal service, and has the most active independent message boards of its kind. Based in San Bruno, California, AuctionWatch.com is privately held and funded by Sequoia Capital, Technology Crossover Ventures, CMGI @Ventures, meVC Draper Fisher Jurvetson, Angel Investors LP, Bulldog Capital, Argus Capital and private investors.

About Tradesafe.com
Tradesafe.com provides the most powerful global payment tool on the Internet by empowering buyers and sellers to do business without payment delays and risk of fraud. Tradesafe.com partners with banks and financial institutions to bring party-to-party payments to their customers.