<B>PaperExchange Promotes</B>

PaperExchange.com has promoted Controller Stephen Korotsky to vice president of Finance.

PaperExchange’s President/COO, Duane DeSisto, commented: “Stephen's extensive experience in corporate finance and acquisitions will continue to be of great benefit to our company as we enhance our e-marketplace model and provide our customers with new tools to improve their overall profitability.”

January 2001
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