GPC, Fairfield Resources International Form Strategic Alliance

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."