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Press Releases

3/13/2001

WoodFuel.com Creates Innovative Alliance With IFCO Systems to Manage Wood By-Products


Untitled Document

Tuesday March 13, 9:30 am Eastern Time

Press Release

SOURCE: WoodFuel.com

HOUSTON, March 13 /PRNewswire/ -- WoodFuel.com announced today that it is working with IFCO Systems (Nasdaq: IFCO - news), the largest wood pallet recycler and manufacturer in North America, to establish a reliable, cost effective and environmentally responsible program to manage the Company's wood by-product stream. The program is designed to reduce the costs associated with the disposal of wood debris generated as a result of the pallet recycling and manufacturing process, in an environmentally friendly and sustainable manner. WoodFuel.com will begin assisting IFCO at its pallet recycling facilities in Houston, Dallas, San Antonio and McRae, Arkansas in March 2001 and work to establish similar relationships at its 75 other locations throughout the United States.

WoodFuel.com is a business to business e-commerce company that buys and sells wood material for renewable, beneficial and alternative energy uses. IFCO Systems is a global leader in reusable container and pallet systems. Offering a wide range of reusable systems innovations, transport packaging services and products, IFCO serves more than 10,000 customers in 17 countries on 4 continents.

Jim Murphy, IFCO's Regional Vice President, stated, ``We're excited about the opportunities that this performance-based working alliance will provide both companies. We look forward to working with WoodFuel.com to augment our ability to manage our stream of wood debris in an environmentally friendly, safe, and cost effective way. This alliance will allow us to focus on our core business, reduce one of our largest expense items, and provide a unique program to our existing and future customers.''

``WoodFuel.com is adding large, individual suppliers of wood material to its data base daily. The addition of IFCO's numerous material generating sites to our existing supplier base is a giant step forward in our development of the North American marketplace. We are determined to add significant value to IFCO's operation by pursuing the highest and best uses for wood material through our various value-added product lines. Our success will translate into lower operating costs and higher customer service at the participating IFCO facilities,'' said Scott Mactier, a Partner in WoodFuel.com.

``Further, we believe that this program can be successfully implemented for a broad range of wood-intensive industries including Home Building, Furniture Manufacturing, Manufactured Housing, Truss Manufacturing, Railroad Tie Manufacturing, Vegetation Management and other industries that struggle with the disposal of large quantities of wood by-products.''

For more information contact:

Scott Mactier, WoodFuel.com

281-484-0052, Ext 244

smactier@WoodFuel.com

SOURCE: WoodFuel.com



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