Eagle Pacific Industries To Become PW Eagle, Inc.;
New Nasdaq NMS Trading Symbol: PWEI
Company to Continue DBA "PW Pipe"; Name Widely Known and Respected within Industry

MINNEAPOLIS – June 15, 2000 – Eagle Pacific Industries, Inc. (Nasdaq:EPII), dba "PWPipe," today announced that its name will officially change from Eagle Pacific Industries, Inc. to PW Eagle, Inc., effective Monday, June 19, 2000. Beginning at market opening on June 19, the Company’s stock will be traded on the Nasdaq National Market System with the symbol "PWEI."

PW Eagle had announced its intention to change its name at its April 2000 Annual Shareholder’s Meeting, pending formal approval of shareholders and moving to the Nasdaq NMS with the new trading symbol.

William H. Spell, PW Eagle Chief Executive Officer, stated, "We are pleased to finalize this change that really recognizes the great synergies and experience gained since our acquisition of PWPipe last year. Though our name and trading symbol have changed, our commitment to excellence will not."

PWPipe is a leading manufacturer of PVC pipe and fittings and polyethylene tubing. The Company operates nine manufacturing facilities in the midwestern and western United States. Eagle Pacific Industries’ stock had been traded on the Nasdaq SmallCap Market under the symbol "EPII."

The Chief Executive Officer’s statement regarding the synergies and experience gained through the acquisition of PWPipe and other statements within this press release are or may be considered "forward looking statements" made under the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. These forward looking statements involve risks and uncertainties may cause actual results to differ materially from those expected from the forward looking statements. Such risks and uncertainties include a slowdown in the construction industry and overall economy, disruptions in the supply of raw materials and other known and unknown risks.