<B>Westvaco Introduces New Service</B>

Westvaco Corp. introduced its newest service, Paxonix, a new Internet-enabled packaging solutions business offering a unique array of integrated software applications, expert professional services and best-in-class resources around the world. Paxonix's mission is to help consumer product companies develop packaging solutions, shorten package-development cycles and increase the speed of product launches and relaunches in one country, a region or globally.

As the creator of Paxonix, Westvaco will provide the initial funding. A group of 17 companies have joined Westvaco as charter members of Paxonix. These charter members operate in 60 countries.

In addition to its charter members, Paxonix has selected IBM as its key technology advisor. IBM will assist in establishing the technology environment that will serve as Paxonix's business foundation and will provide consulting, integration and hosting services.