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Yupo Appoints New CEO & President, Toshiyuki Noguchi

Press release from the issuing company

CHESAPEAKE, VA (August 5, 2002) - Yupo Corporation America announces the appointment of Mr. Toshiyuki Noguchi to the position of President and CEO. Noguchi has a proven track record in accelerating profitable growth for Yupo in Japan and will now lead the company's North and South American operations. He succeeds Mr. Osamu Sasaki, who has returned to Japan to become the global President and CEO of the parent company, Yupo Corporation. Noguchi's experience with Yupo in Japan will benefit Yupo Corporation America's recent new business entrance into the North American label papers market. "Mr. Noguchi has been instrumental in Yupo's success in Asia," says Mr. Sasaki. "He brings a wealth of administrative insight to the western hemisphere and his valuable management expertise will help Yupo Corporation America accelerate growth in the sizable labeling market." Noguchi brings more than 20 years of management experience to Yupo Corporation America. He most recently served as Associate Director and Deputy General Manager at Yupo Corporation's Kashima manufacturing facility in Japan. He joined the Yupo organization in 1991 as Deputy General Manager in the Administration and Accounting department, and was promoted to General manager of the Kashima facility in 1994. Prior to joining Yupo, Noguchi's career began at Mitsubishi Chemical Corporation in 1969, where he last served as Personnel Group Leader in the Administration department. Noguchi holds a bachelors degree in Economics from the University of Tokyo. Yupo is a customer-driven organization with three decades of product development, technical support and customer service experience in the technical paper and commercial printing industries. Yupo Corporation America is a wholly owned subsidiary of Yupo Corporation (Tokyo, Japan), the world's largest synthetic paper manufacturer.