<B>PaperExchange Inks Partnership Deal with Schenker</B>

PaperExchange.com announced a partnership with Schenker, a leading international integrated logistics services company, to provide PaperExchange customers with instant access to European freight services. The partnership further expands PaperExchange's offering by helping members transport product between countries more dependably and seamlessly, eliminating a primary concern of international buyers and sellers of pulp and paper.

The partnership will provide PaperExchange customers with the ability to obtain origin-to-destination logistic quotes, allowing members to complete all parts of the transaction process online. Schenker will offer PaperExchange customers a comprehensive forwarding and logistics service at competitive rates. PaperExchange will also provide an overview of all services offered by Schenker on its site, as well as the ability to request and execute logistics quotes via a direct link to the Schenker Web site.