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Press Releases Friday, March 9, 2001   
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Major Suppliers Join RedtagBiz Trading Exchange

MINNEAPOLIS, Minn. (March 6, 2001) – RedtagBiz, Inc., the leading global business to business trading exchange, today announced that several major housewares and giftware suppliers have joined the RedtagBiz trading exchange. Dramatic growth – due to recent acquisitions and international agreements - has attracted leading suppliers in the housewares and giftware industry to the RedtagBiz trading exchange including:

Conair Corporation is a leading manufacturer of a wide selection of personal and health care items, housewares and small appliances, as well as professional hair care products. Well-known brands owned or licensed by Conair include Cuisinart®, Waring®, Interplak®, Conair®, Southwestern Bell Freedom Phones® and Conairphones®. Hair care lines include BaByliss®, Revlon, Videl Sassoon®, Forfex®, Rusk, Jheri Redding® and Conair Shine. Lifetime Hoan Corporation is a leading designer, marketer and distributor of household cutlery, kitchenware, cutting boards, pantryware and bakeware, marketing its products under various trade names including Farberware® and Hoffritz®.

Salton Inc. is a leading domestic designer, marketer and distributor of a broad range of branded, high quality small appliances, tabletop products and personal care/time products. Its portfolio of well-recognized owned and licensed brand names includes Salton®, Toastmaster®, Maxim®, Breadman®, Juiceman®, Juicelady®, George Foreman Grills®, White-Westinghouse®, Farberware®, Melitta®, Block® China, Atlantis®, Sasaki®, Rejuvenique®, Ingraham®, Calvin Klein®, Sonex®, Stiffel®, and Relaxor. Syratech Corporation, a leading supplier of housewares, giftware, and tabletop products including such brands as Farberware, Towle Silversmiths, Wallace Silversmiths, International Silver Company, RauchTM, Silvestri, Inc., and Rochard, Inc.

“The addition of these fantastic suppliers in the housewares and giftware verticals makes RedtagBiz a viable and strong source to mid-level retailers that we serve. We have been continually adding new factories and sourcing relationships to our network to solidify our position as a leader in the market.” said Tom Petters, Chairman and CEO of RedtagBiz.

Through the RedtagBiz site, retail customers will have access to thousands of new continuity and opportunity products in the housewares, giftware, and related verticals. RedtagBiz continues to demonstrate its ability to add an extensive brand name supplier base to its exchange, providing unique offerings at substantial savings for RedtagBiz’ domestic and international retail customers. The recent acquisition of CrossMarket further solidifies RedtagBiz leadership position in consumer goods trading exchanges both domestically and internationally.

About RedtagBiz, Inc. Minneapolis, Minn.-based RedtagBiz, Inc., is focused on creating the first efficient worldwide business-to-business Internet marketplace for buying and selling consumer goods. RedtagBiz offers its participants a cost-effective, highly serviced on-line source for consumer electronics, hardware, housewares, giftware and seasonal merchandise. Thomas J. Petters, Chairman and CEO, founded RedtagBiz, Inc in 1999. Mr. Petters has more than 20 years experience in the business-to-business wholesale industry. To become a participant of RedtagBiz, please log onto the Web site at http://www.redtagbiz.com, call 1-800-605-5364, or e-mail info@redtagbiz.com for additional information.

All copyrights and trademarks are registered to their respective companies.

# # # Editorial Contacts: `

Mary Pernula RedtagBiz, Inc. (952) 974-8208 mary.pernula@redtagbiz.com

Jeff Olson or Ken Kadet Fleishman-Hillard, for redtagbiz.com (612) 337-0354 olsonj@fleishman.com End of Content

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