<B>PaperExchange Creates New Division</B>

PaperExchange.com, Inc. has established a new division to develop Web-enabled solutions for

Fortune 2000 companies. The solutions will enable companies to manage their complete paper, print and packaging procurement needs.

PaperExchange named Jerry Alderman to be director of the new division. He previously worked for Boise Cascade.

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August 2000
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