NEW OMNEXUS surPLUS CENTER CONNECTS PROCESSORS WITH EXCESS INVENTORY FROM BRANDED SUPPLIERS

ATLANTA (April 15, 2002) – The new surPLUS Center, available through the Omnexus portal at www.omnexus.com, is a searchable catalog containing the listings of excess inventory from a variety of well-known, branded resin producers. Plastics buyers and sellers ranging from small to large companies now have a direct online channel to view this discounted inventory, and buy it directly from the seller.

The surPLUS Center opens the market for excess materials to all plastics buyers by connecting them with sellers of high-quality discounted prime materials, an option previously available only through limited channels. Buyers can quickly view listings of available excess materials produced by multiple companies, and then purchase them directly from the seller. This one-stop resource serves as an information funnel for most processors, showing them both availability and physical location of these discounted products.

"Until now, surplus materials were made available to only a select group of companies. The surPLUS Center lets all buyers tap into this cost-saving method of purchasing plastics," said Michael Walsh, Omnexus interim CEO. "The surPLUS Center is an extension of our growing eCommerce offerings, and was created in direct response to requests from our suppliers, who have expressed interest in using the wide reach of our eMarketplace to open their excess inventory offerings to a larger audience of buyers."

For sellers faced with excess material inventory, the surPLUS Center is a simple, cost-effective, online means to clear product that might otherwise be disposed of through more limited sales channels. Suppliers, distributors, brokers, and other wholesalers of plastics materials can use the Center to place their prime inventory in front of a wide, global audience of plastics purchasers.

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