<B>PaperExchange, Port Townsend Enter Alliance</B>

PaperExchange.com, Inc. and Port Townsend Paper Corp. entered into a strategic alliance. As a part of the alliance, Port Townsend will work with PaperExchange.com to begin listing products through the PaperExchange.com Web site, giving PaperExchange.com members online access to certain Port Townsend products. Port Townsend also intends to use PaperExchange.com to purchase paper-related products and intends to work with PaperExchange.com to Web-enable Port Townsend's order and fulfillment processes.
June 2000
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