Tradebit AG Names Paul L. Sterne to Board of Directors / Aufsichtsrat

Frankfurt, Germany.  May 14, 2010:  Tradebit AG is pleased to announce that 
Paul L. Sterne has been named to its Aufsichtsrat or Board of Directors.  

Mr. Sterne has been active in the information technology industry 
for 25 years as an executive, M&A advisor and angel investor. 

Currently, he is the Managing Partner of Sterne & Co. LLC (www.sterneco.com), 
an M&A boutique specializing in the global IT industry.  Sterne & Co. LLC 
represents investors and entrepreneurs in the United States, European Union 
and the former Soviet Union.  Paul is a seed investor in and contributing 
author to Groundreport LLC, a leading citizen journalism blog site 
(www.groundreport.com).    

He is an angel investor and, during its start-up phase, was the 
CFO/General Manager Americas, Open-Xchange Inc., the leading independent 
software vendor of Open Source groupware for the SaaS and web site 
hosting industries (www.open-xchange.com); he was Founder and CFO, 
E2open, Inc., the leading supply chain collaboration hub for the 
electronics industry (www.e2open.com).  

In the 1990s Paul led the global M&A activity of IBM Corporation
as Managing Director, Corporate Development in Armonk, New York; 
previously he was Director, M&A Advisory Services, Deutsche Bank AG; 
and Director, Business Development, New York Treasurer's Office, 
General Motors Corporation.  

Paul has a Bachelor of Arts and Master of Business Administration from 
Columbia University.

We welcome Paul to the Board.  Having known him for more than 20 years,
I know that he will make a significant contribution to the success of 
Tradebit AG.  In the first four months of 2010, Tradebit.com again 
posted rapid growth. It achieved new records in terms of unique visitors, 
gross revenue and profit margin. It expanded its music offerings 
through distribution partnerships with 7Digital for MP3 downloads and 
Sunfly Karaoke for karaoke files.  

Mr. Sterne's experience with start-ups and their financial management will
help Tradebit AG to form new relationships and stay on its growth trajectory,
said Dr. Stephan Hess, Chairman of Tradebit AG's Board of Director.