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Forbes Selects ForestExpress in Their Best of the Web Issue

Press release from the issuing company

ATLANTA (Sept. 18, 2001) - ForestExpress, the transaction and processing network for the forest products industry, today announced it has been named to Forbes magazine's "Best of the Web" Business-to-Business winners in the enabler/marketplace category for Paper and Forest Products. According to Forbes, ForestExpress was chosen based on strict criteria related to strategy, execution and financial staying power. ForestExpress credits its new Forbes stature with its unrelenting focus on developing a sustainable trading network that delivers value to the forest products industry. "This is a distinguished honor for ForestExpress and we're extremely proud to be recognized by Forbes," said Keith Russell, CEO of ForestExpress. "Our emphasis on pioneering new commerce solutions for the entire forest products industry has allowed us to create an affordable, scaleable network that both buyers and suppliers can utilize and realize real cost savings. This Forbes recognition sets us apart in today's troubled economy as a viable e-commerce solution that improves company performance." Lea Goldman of Forbes said, "The paper industry is reeling as overcapacity, consolidation and globalization have led to mill closings and employee layoffs. Any help these companies can get by using the Web to connect with customers or streamline their supply chains is a godsend."