Boston, Mass. - April 4, 2000 - PaperExchange.com, Inc., a global e-business marketplace for the pulp and paper industry, and Noosh, Inc., a leading Internet-based business-to-business communication and collaboration service targeting the printing industry, today announced an agreement designed to leverage the synergies between the two companies.

PaperExchange.com and Noosh will develop a standard online paper specification format that will be used by Noosh, Inc. to enable printers and print buyers using the noosh.com service to easily access PaperExchange.com's e-marketplace, providing noosh.com users with a new online source for paper procurement.

Noosh.com and PaperExchange.com will enable automatic connection, search and e-commerce functions between both sites. For example, when noosh.com users specify paper as part of their print project, they will have the option to query PaperExchange.com for product availability. Paper can then be purchased directly from the online PaperExchange.com marketplace. Additionally, noosh.com users will be able to post requests for all grades of printing paper on PaperExchange.com.

"PaperExchange.com's alliance with Noosh endorses the growing paper and print industry need for an online e-business marketplace and the importance of B2B e-commerce in all business verticals," said Kent Dolby, CEO of PaperExchange.com. "We are pleased to partner with Noosh, a company that clearly has market momentum. This relationship expands our level of efficiency and service to all our customers."

Noosh.com provides a collaborative environment where print buyers, printers, creative agencies and others in the supply chain of vendors can work together efficiently throughout the complex, multi-step process of print procurement, design and production. This agreement will provide PaperExchange.com with the opportunity to introduce their marketplace to large national print buyers already using the noosh.com service, offering them a global source for paper specification and procurement.

"This alliance represents a tremendous opportunity for Noosh to further integrate the entire supply chain process and provide even more value for our users," said Ofer Ben-Shachar, Chairman and CEO, Noosh, Inc. "By bringing together leading companies in the Internet-based paper and print services market such as PaperExchange.com and Noosh the result is an increased efficiency in online paper procurement and a seamless experience for end users - a definite win-win situation for everyone."

About Noosh
Noosh, Inc. (http://www.noosh.com) was founded in 1998 with the goal of creating the industry's leading business-to-business Internet-based communication and collaboration service for enterprise critical printing. Noosh.com, powered by Live Jobs^SM collaborative technology, is designed to dramatically improve the process of buying, selling and managing print. Leveraging the power of the Internet and popular browsers, noosh.com helps strengthen buyer-printer relationships by providing a collaborative environment where corporate buyers, printers and creative agencies work together efficiently to manage complex corporate printing in real time.

About PaperExchange.com
PaperExchange.com is a leading global e-business marketplace for the pulp and paper industry. A global e-business trading tool designed by the paper industry for the paper industry, PaperExchange.com has members in more than 80 countries. All paper is bought and sold by members through private, secured transactions. PaperExchange.com does not share its member list or transaction information. The proven PaperExchange.com model delivers new levels of efficiency, convenience, choice and flexibility to the pulp and paper industry. PaperExchange.com today generates complete transactions in all major grades of paper. PaperExchange.com is headquartered in Boston, Massachusetts, U.S.A. For more information, please visit http://www.paperexchange.com or call 617-536-4310.

Noosh and Live Jobs are the trademark and service mark, respectively, of Noosh, Inc. Other trademarks appearing in this release are the property of their holders.