SUFFERN, NY, May 10, 2001 - Two premier intellectual property (IP) strategy and management firms, General Patent Corporation (GPC) headquartered in Suffern, New York and Fairfield Resources International, Inc. (FRI) of Stamford, Connecticut, have joined forces in a strategic alliance.

"Fairfield Resources International, headed by the well-known IP licensing pioneer Emmett Murtha, is one of the finest and most reputable IP strategy firms in the world," said Alexander Poltorak, Chairman and CEO of GPC. "We are delighted to enter into a strategic alliance with FRI." Our firms complement each other in a number of ways, and this inherent synergy can now be leveraged to serve the best interests of our respective clients.  With our focus on patent enforcement and Fairfield's strength in licensing, this alliance creates a formidable presence in the intellectual property arena," Dr. Poltorak added.

"We are very pleased with this partnership with GPC," said Emmett Murtha, President and CEO of Fairfield Resources International, Inc. "General Patent Corporation is well known as a successful patent enforcement firm, and was chosen for this strategic alliance due to their excellent reputation in the industry." He added, "We believe that GPC's patent enforcement and IP management services will be of significant value to our clients."

About General Patent Corporation

General Patent Corporation is a leading international IP management firm. GPC provides IP analysis and strategy to domestic and foreign businesses, universities, research institutions and inventors. IP management services include IP strategy, patent licensing and enforcement, IP portfolio management, and technology transfer. Headquartered in Suffern, New York, GPC also has offices in Russia and Hungary.

General Patent Corporation International (GPCI), an affiliate company of GPC, is a premier contingency patent enforcement firm. GPCI represents inventors, scientists, small R&D companies and foreign corporations in the enforcement of their infringed intellectual property rights, on a contingency basis. Another affiliate of GPC, IP Holdings LLC, is a business incubator with a focus on developing valuable intellectual property.

For further information on GPC, GPCI and IP Holdings contact Kathy Ingham at General Patent Corporation, Montebello Park, 75 Montebello Road, Suffern, NY 10901; telephone: (845) 368-4000 ext. 107; e-mail: info@gpci.com; or visit www.patentclaim.com.

About Fairfield Resources International, Inc.

Fairfield Resources International, Inc. is recognized around the world for identifying and capturing the full value of its clients' intellectual assets. With a staff of internationally respected intellectual asset strategists, FRI has both the experience and the perspective to help clients set and achieve aggressive financial goals for their entire intellectual asset portfolio.
For further information about Fairfield Resources International, Inc. contact them at 1 Landmark Square, Stamford, CT 06901; telephone (203) 327-5070; fax (203) 326-4931; e-mail info@frlicense.com; or visit www.frlicense.com.