<B>PaperExchange Acquires BoxDirect</B>

PaperExchange.com announced its acquisition of BoxDirect.com, an e-Marketplace focused on the corrugated container and paperboard packaging industry.

The acquisition extends PaperExchange's planning and procurement services to a wider range of suppliers. In addition, buyers and sellers of corrugated packaging will benefit from new e-business information management and work flow tools.

With the acquisition, PaperExchange gains access to more than 150 BoxDirect supplier facilities and 400 registered BoxDirect customers, enabling the company to provide new choices and lower transaction costs for its customers.

October 2000
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