Employees Acquire Appleton

Outside directors will be Nicholas Davis, Richard Kenney and William Sikora. Davis is president of Montana Investment Advisors, Bozeman, MT. Kenney is a business consultant from Wisconsin Rapids, WI. He served as CFO for Consolidated Papers prior to its acquisition by Stora Enso in 2000. Sikora is a business consultant based in Houston. The fourth outside director is yet to be named.