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MarineDigital & TIMBERWeb® Announce Strategic Partnership and Co-Marketing Agreement

March 20th, 2002 - IPSWICH, UK & SEOUL, KOREA -- TIMBERWeb, the world's leading business-to-business (B2B) eMarket for timber & lumber and MarineDigital the leading Global B2B Marketplace for the Maritime Industry are pleased to announce they have concluded a Strategic Partnership incorporating a co-marketing agreement, whereby the two companies will promote one another's brands within their respective marketplaces.

According to the terms of the agreement, TIMBERWeb will place strategic links and advertisements for MarineDigital within its web site in exchange for similar promotion within MarineDigital's website and newsletters.

TIMBERWeb's Chairman & CEO, Keith Richmond, said, "We are delighted to be partnered with Marine Digital and see our strategic partnership as a way of widening the marketing and increasing the traffic to both of our marketplaces and at the same time adding real value to our respective communities."

Terry Kim, CEO of Marine Digital said, "Marine Digital and TIMBERWeb are both global leaders in B2B marketplaces in the industry. We believe TIMBERWeb's unparalleled international reach will be a tremendous help in growing the non-Asian traffic and membership of Marine Digital in an important customer sector of the maritime industry."

About Marine Digital

Marine Digital is the leading Global B2B Marketplace for the Maritime industry. Founded in March 2000 following verification and testing in 1999 of its business model by KAIST (Korea Advanced Institute of Science and Technology), and professors from Korea Maritime University and Bukyung National University, Marine Digital has over 120,000 site users from over 54,000 businesses. The multi-lingual site is focused on global business, therefore serves English language as default, Korean, Chinese and Japanese.

The site includes 1,900 ship equipment worldwide suppliers, data on 7,900 ports and 35,000 ships within their database providing a platform for ship equipment purchase, inventory sale, used equipment sale, ship sale and purchase, and ship repair.

About TIMBERWeb®

TIMBERWeb is the world's leading B2B eMarket for timber and lumber that enhances and facilitates the trading relationship between buyers and sellers by creating a strong trading community and 'networking' environment. TIMBERWeb's offers a range of memberships to bona fide Buyers and Sellers of Timber and Lumber as well as Logistics, Machinery and other companies providing services to the industry. The membership gives access to trading systems, valuable contact information and focused content on market sectors such as China, UK & Germany.

Clearly focused on serving the global timber and lumber industry, the eMarket enables buyers and sellers to benefit from efficient trading systems, broader customer and supplier reach and timely and relevant market information. TIMBERWeb is the preferred global trading marketplace for timber & lumber offering a compelling portfolio of services to members across the world, delivered in many languages.

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