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SMARTworks.com Names Joseph P. Morgan, Jr., as New President

Press release from the issuing company

DAYTON, Ohio--July 3, 2001--SMARTworks.com, Inc., the leading e-business e-procurement and enterprise print management company, today announced the appointment of Joseph P. Morgan, Jr., as president and chief executive officer. In his new position, Morgan will implement SMARTworks.com's strategic plan for accelerated growth, customer acceptance, and competitive differentiation. "We are very pleased to have Joe join the SMARTworks team,'' said Chairman, F. David Clarke. "The insight and perspective gained through his experience presiding over an Internet startup, along with his background of executive leadership in global markets, will be a tremendous asset to SMARTworks as the company moves to firmly establish its identity in the marketplace.'' Prior to joining SMARTworks.com, Morgan served as president of eflatbed.com, where he led the creation of an on-line logistic management product that was delivered as an application service provider (ASP), or transactional model, supporting over 1500 carriersand 50 shippers in the metals, lumber, and building products industries. Before eflatbed.com, Morgan was president and chairman of the board of Sony Chemical Corporation of America, where he led the company through the start-up and development of its first integrated manufacturing operation outside of Japan. Also in his well-rounded background, Morgan served in an executive position with FLEXcon, a manufacturer of pressure sensitive film products and labeling materials. Morgan serves on the Boards of IIMAK and Transvision, Inc., and he belongs to the Young President's Organization. He holds a B.A. in chemistry from the College of the Holy Cross; a B.S. in chemical engineering from Worcester Polytechnic Institute; and an M.B.A. from Clark University.