Company Focus On Key Business Areas Includes Leadership Changes ATLANTA, July 11, 2002 -- ForestExpress, the transaction processing network for the forest products industry, today announced its board has accepted the resignation of Keith Russell as chairman and CEO. Robert A. (Bob) Renner, former Chief Technology Officer for ForestExpress, was named CEO, succeeding Russell. The company will continue to focus its resources on business-to-business integration and catalog content opportunities for paper, building materials, and recycling companies, along with continued expansion of opportunities for its timber marketplace. "Over the past two years, ForestExpress has grown from just a vision of improving business-to-business commerce for the forest products industry, to a solid organization that is providing the foundation to enhance trading partner relationships," said Russell. "With the company keenly focused on delivering the infrastructure and tools needed to help connect the industry, many of my goals are accomplished. I leave ForestExpress in Bob's capable hands as he leads the execution of the company's focused business plan." According to Mack Hogans, Senior Vice President, Weyerhaeuser Company, and ForestExpress Board member, "Bob is one of the original architects of the ForestExpress concept, and as CTO has played an intimate role in bringing the company to where it is today. The Board exhibited its unanimous confidence in his ability by choosing him to lead the company to its next level of success." Added David Poole, Director of Business and Emerging Technologies, MeadWestvaco, and ForestExpress Board member, "The ForestExpress Board is in full support of the company's focus and direction. The plan is squarely in line with driving e-commerce adoption and meeting existing and projected customer needs in the forest products industry." "Keith did a great job in helping to mature ForestExpress," said Renner. "I look forward to the opportunity to lead the team, and drive industry adoption, by keeping the company focused on the key areas of B2B integration, catalog content, and our timber trading center. All of us here are appreciative of Keith's contributions and wish him well in his future endeavors."