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News Release

ePolicy Announces Alliance With Staples.com; Staples.com to Offer ePolicy's Small Business and Professional Insurance Services

TORRANCE, Calif.--(BUSINESS WIRE)--March 19, 2001--ePolicy.com Insurance Services Inc. (www.epolicy.com), which provides the most comprehensive online selection of high-quality and low-cost insurance products for small businesses and professionals, today announced an alliance with Staples.com, Staples Inc.'s (Nasdaq:SPLS) electronic marketplace that provides office supplies, services, content and community over the Internet.

"Staples.com thoroughly researches the market and then provides access to the best services available at low prices to help small businesses save time and money," said J.B. Lyon, vice president of business services for Staples.com. "With ePolicy, our customers can focus on growing their business rather than spending several days researching the right insurance policies for them."

As part of the agreement, ePolicy will offer a complete suite of insurance products from top-rated insurance carriers to Staples.com's more than 1 million small business customers. The products include professional liability, business owners policies (BOP), workers' compensation, commercial auto, and commercial umbrella, as well as personal lines, such as homeowner's and auto.

Staples.com's customers can conduct the entire transaction with ePolicy online, from obtaining a quote to activating the policy, in a matter of minutes instead of days, often at significantly reduced rates. Additionally, support from ePolicy's customer care center is available.

Don Martin, CEO of ePolicy Inc., said: "Researching and acquiring the proper business insurance can be very time-consuming and frustrating. ePolicy's technology, combined with our highly experienced management and marketing teams, will allow customers of Staples.com to get policies from top-rated insurance companies very quickly and eliminate the typical frustrations associated with obtaining a policy."

About ePolicy

ePolicy is the most comprehensive online source of high-quality and low-cost insurance products for small businesses and professionals. ePolicy has established key relationships with top-rated insurance carriers, including ACE USA Group, American International Group Inc. (AIG), Fireman's Fund Insurance Co., Interstate Insurance Group, Kemper Insurance Cos., Philadelphia Insurance Cos., TIG Specialty Insurance Solutions, and others.

Currently, ePolicy provides small business owners insurance (BOP), workers' compensation insurance, commercial auto insurance, commercial umbrella insurance, and professional liability insurance for more than 300 classes of professionals. Through ePolicy, carriers can reach the highly fragmented and underserved small business insurance market.

All insurance services are provided by ePolicy.com Insurance Services Inc., doing business in New York as ePolicy.com Insurance.

About Staples.com

Staples.com, a division of Staples Inc. (Nasdaq:SPLS), is an award-winning business-to-business electronic marketplace offering a comprehensive solution for the office needs of business customers.

Staples.com currently provides an electronic marketplace where small, mid-sized and large businesses can procure office products and business services and obtain business information and expert content. Staples.com includes the operations of Staples Inc.'s e-commerce sites: Staples.com, Quill.com and StaplesLink.com, as well as its Canadian e-commerce business.

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CONTACT: ePolicy Inc.
Scott Blum, 310/819-3200
or
The Boyer Syndicate Inc. (for ePolicy)
Mark Boyer, 310/455-7812
mark@boyersyndicate.com
or
Schwartz Communication (for Staples)
Kim Baker, 781/684-0770
kbaker2@schwartz-pr.com