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PRESS RELEASE

John S. James Co. receives
Eastman Chemical Company
Supplier Excellence Award

July 2, 2001 (SAVANNAH, GEORGIA, USA):

We have just been notified that for the fourth consecutive year, Eastman Chemical Company has recognized the John S. James Co. as an outstanding partner by awarding it the EASTMAN SUPPLIER EXCELLENCE AWARD.

Established in 1991, the Award represents the highest level of appreciation given to business associates by Eastman, and is presented to those partners that make substantial contributions to its worldwide logistics operations. Of over 350 global partners, only the top 2% receive this recognition. The Georgia-based firm is the only Freight Forwarder and Customs Broker to ever receive this distinction for excellence. John S. James Co. provides logistical coordination, regulatory compliance and transportation expertise, helping Eastman expand its global presence in Latin America, Europe, Australia and Asia.

Headquartered in Kingsport, TN, Eastman Chemical Company is a leading international chemical concern that manufactures and markets more than 400 chemicals, fibers and plastics. Eastman employs over 16,000 people in more than 30 countries and had 1998 sales of US$4.48 billion. In 1993, Eastman Chemical became the only major chemical company to receive the prestigious Malcolm Baldridge National Quality Award.

Established in 1941 in Savannah, GA, John S. James Co. provides professional freight forwarding, customs brokerage, insurance, distribution, consolidation, and logistics services to the international trade community. The James Co. employs over 150 associates in the United States, and also maintains relationships with over 200 partners in every international port in the world. The company operates offices in the southeastern United States, holds an equity stake in Frank AG, a sister company located Western Europe and Asia, and maintains a presence on the Internet at http://www.frankltd.com. 

For more information please contact:

Len James
Marketing Director
Tel.404.762.5556
Fax.404.768.5346
E-mail: