<B>Canfibre of Lackawanna Terminates Contract With Stone &amp; Webster</B>

CanFibre of Lackawanna LLC terminated its engineering, construction and procurement contract with Stone & Webster Engineering Corp. relating to its ALLGREEN® MDF facility under construction in Lackawanna, New York, alleging several defaults by Stone and Webster under the contract.

CanFibre of Lackawanna has taken over completion of the Lackawanna MDF plant. Chris Carl, President of both CanFibre Group and its Lackawanna subsidiary said, ``CanFibre believes that it is in the best interests of our Lackawanna subsidiary and our investors in the subsidiary to be pro-active and take control of the construction process given the recent statements by Stone and Webster concerning its liquidity problems. Other problems we have experienced at the job that also appear to be related to Stone and Webster's financial difficulties.'' Added Mr. Carl, ``We have no intention of letting the Lackawanna project languish and cause the delays we experienced at the Riverside facility.''

Paperloop.com, RISI Form Alliance

paperloop.com, the premier business and information exchange for the paper industry, and Resource Information Systems, Inc. announced plans to form a strategic alliance.

Under terms of the proposed agreement, RISI will contribute selected data from its industry-leading reports and publications for paperloop's website along with special analysis and commentary about industry news developments and market trends. paperloop is also planning to launch a weekly audio broadcast by RISI economists analyzing major industry news developments and trends. RISI is recognized around the world for its expert forecasts, analysis and consulting work covering all sectors of the industry. RISI also produces more than 100 publications, reports, and multi-client studies on timely industry topics in the pulp and paper, wood products, timber and recovered paper markets.

As part of the proposed letter of agreement, paperloop and RISI will acquire financial stakes in each other. Formed in March 2000 by Miller Freeman, Inc. and Pegasus Capital, paperloop has already formed alliances with some of the leading companies in the industry, including eFibre.com, PrintMarket.com, and Schneider Logistics.