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To: Steeliejim who wrote (12400)	2/12/2002 8:30:48 AM
From: jim_p	Read Replies (1) of 23153

ARCT up 16% in pre market. Actrade Financial Technologies, Ltd. Calls Sell-Off in Response to Article Unwarranted NEW YORK, Feb 11, 2002 /PRNewswire-FirstCall via COMTEX/ -- Actrade Financial Technologies Ltd. (Nasdaq: ACRT) knows of no business reason for the substantial drop in the price of its shares today. Apparently, the shares dropped in response to an article published in Barrons over the weekend. That article repeated previously disclosed events that occurred several years ago, which are presently the subject of ongoing litigation. The bulk of the article reported claims made in pleading and in depositions by parties in that litigation, which have not been proven in court and represent no more than statements by adverse parties. On January 23, 2002, Actrade posted earnings (diluted) of $0.80 per share, on record revenues and E-TAD originations, and forecasted that earnings per share for fiscal 2002 will be in the range of $3.00 to $3.10 per share. The company reaffirmed that guidance. Jim

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