PRESS RELEASES

High Times Magazine Chooses Old Glory for Warehouse and Distribution - Will Become Part of Old Glory’s Merchandise Solution Partnership Program

Westbrook Connecticut ---February 1, 2002 —Glenn Morelli, President of Old
Glory announced today that High Times Magazine has selected Old Glory to
handle all of its warehousing, call center and distribution requirements for
its proprietary and licensed merchandise through the Old Glory Merchandise
Solution Partnership Program (MSP). Trans High Corporation of New York City
owns High Times magazine.

High Times Magazine was founded in 1974 by Thomas King Forcade, one of the
leaders of the counterculture in America. For almost 30 years the magazine
has sought to celebrate, protect and preserve alternative culture. More
recently, The Cannabis Cup was founded in 1988 by High Times'
editor-in-chief Steven Hager to establish an international standard for
cannabis seeds. “High Times is a great fit for us and we are pleased that
they chose us to provide and fulfill their proprietary and licensed
merchandise,” said Morelli.

High Times offers information, news, content and contents through their
monthly magazine and website, Hightimes.com.
Aaron Melick Publisher of High Times said “The state of the art technology,
and great people that Old Glory employs, made our decision easy. We talked
to other companies but we feel that only Old Glory can handle the traffic
and demands from our loyal customer base.”

Morelli launched the MSP program in 2001 and has signed on respected
companies such as ARTISTdirect. The Merchandise Solution Partnership (MSP)
Program is designed specifically to meet all aspects of e-commerce including
customer acquisition, product marketing, warehousing, and fulfillment for
music and entertainment content providers. With more than 10,000 unique
items, over 40,000 skus in stock, and same day shipment, Old Glory allows
our MSPs to offer a unique shopping experience with massive selection to
their customers.

Old Glory will process and fulfill orders from its state of the art 16,000
square foot call center and 65,000 square foot warehouse located in
Westbrook Connecticut. By offering voice, data and internet order entry,
internet transaction processing, secure FTP, email marketing and a host of
value added services for its partners who want to enhance their existing
brand.

Mr. Melick of High Times concluded, “Old Glory’s reputation made our
decision an easy one. Their ability to accommodate our future growth will
allow High Times to provide unique and regularly updated alternative
merchandise for our demanding customers.”

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