Vancouver, BC and Frankfurt, Germany - October 10, 2002 - AlphaTrade.com (OTCBB: APTD and FSE: TDR WKN 529988) offers a solution to the massive job cuts taking place in the nation's securities firms, which may have been overlooked.

AlphaTrade notes that many of these firms may not investigated their quote service as a way of reducing costs and could save significantly by reducing expenditures, especially the cost of their current overpriced stock quote service. AlphaTrade challenges these brokerage houses to compare their current systems with AlphaTrades E-Gate system. They will find that the AlphaTrade product, E-Gate, is equal to what they are using and more than likely can outperform the services they currently are using and is dramatically less expensive. This could lead to saving jobs instead of eliminating them.

E-Gate is a multi-lingual high performance stock market data application for investors, day traders and financial professional. Numerous Investment Bankers, Broker-Dealers, Investment Trainers and Financial Portals have already seamlessly integrated E-Gate onto their websites and desktops on the job or at home.

Penny Perfect, President of AlphaTrade.com states, "There was an article in yesterday's Wall Street Journal about the pending job cuts. Over 32,000 securities related positions have already been slashed and the falloff continues. It is not common knowledge, but a firm like Merrill Lynch (NYSE: MER) could save perhaps a $1 million or more per month just by using our E-Gate product. This would certainly help and maybe they would not have to make so many cuts. We know of another brokerage firm that gets billed $27 by their stock quote service each time the trader clicks on the button looking for company information, news or trading activity, this is outrageous! We have a one set fee which will save a lot of money for firms like Credit Suisse (CSBC), J.P. Morgan Chase (NYSE: JPM), Goldman Sachs (GS) and Charles Schwab (NYSE: SCH). E-gate will save hundreds of thousands of dollars per month or perhaps even millions, helping firms to reduce the cost of doing business before having to lay off people."

About AlphaTrade/E-Gate

E-Gate provides a streaming real-time financial market data feed application that collects analyzes, processes, stores, compresses, and transmits financial content. E-Gate subscribers have access to comprehensive information on stocks, options, and indices including bid and ask prices, charts, level II and other information for any U.S. listed or Nasdaq-traded stock, Pinks Sheets, OTC-BB stocks and all Canadian listed companies. E-Gate is available in English, Spanish, German, French, Portuguese, Italian, Dutch, Greek, and Chinese. * Subscribers do not need to purchase, lease or download any software. All of the financial applications are available via the Internet for a low monthly subscription price of $17 a month (exchange fees extra). www.alphatrade.com

A seven-day free trial is available at www.alphatrade.com/freedemo

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SAFE HARBOR STATEMENT: Except for historical information contained herein, the statements in this news release are forward-looking statements that are made pursuant to the safe harbor provisions of the Private Securities Reform Act of 1995. Forward-looking statements involve known and unknown risks and uncertainties, which may cause a company's actual results in the future to differ materially from forecasted results. These risks and uncertainties include, among other things, product price volatility, product demand, market competition and risk inherent in the operations of a company.