<B>ForestExpress Chooses Software for Auctions</B>

ForestExpress has decided to use software from Moai Technologies to run online auctions for pulp and forest products. ForestExpress is an e-commerce trading site started by a number of the largest paper companies in the United States.

Moai's auction software allows companies and marketplaces to bring buyers and sellers together to negotiate on multiple terms, and not just on product price. ForestExpress plans to run forward and reverse auctions for recycled fiber and timber that will include negotiations over product availability, quality, material grades, payment terms and, finally, price.

"We partnered with Moai Technologies in order to offer the versatility and user-friendly capability our customers expect for structured auction negotiations," said Bob Renner, chief technology officer of ForestExpress, in a statement. "This moves ForestExpress another step closer to providing a complete, efficient and cost-effective solution for our customers."

ForestExpress is led by Boise Cascade, Georgia-Pacific, International Paper, Mead, Weyerhaeuser and Willamette Industries.