Northpalm Capital Corp.CSE: NP

Neenah Paper Announces Dividend and November 8, 2006 Release Date for Third Quarter Results

· Issued by Northpalm Capital Corp. via CNW
ALPHARETTA, Ga., Oct. 17 /CNW/ -- Neenah Paper, Inc. (NYSE: NP) today
announced it will release 2006 third quarter financial results on Wednesday,
November 8, after the closing of the New York Stock Exchange. The company will
hold a webcast to discuss earnings and business results at 11 a.m. (EST) on
Thursday, November 9. Interested parties are invited to listen to the webcast
live or obtain the call-in number via the company's internet site at
www.neenah.com. Replays of the webcast will be available through the same site
until November 30.
In addition, the company announced that its Board of Directors has
declared a regular quarterly cash dividend of $0.10 per share on the company's
common stock. The dividend will be paid on December 4, 2006 to stockholders of
record as of close of business on November 10, 2006.

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About Neenah Paper, Inc.
>>
Neenah Paper manufactures and distributes a wide range of premium and
specialty paper grades, with well-known brands such as CLASSIC(R),
ENVIRONMENT(R), KIMDURA(R), MUNISING LP(R), Gessner(R) and varitess(R). The
company also produces and sells bleached pulp, primarily for use in the
manufacture of tissue and writing papers. Neenah Paper is based in Alpharetta,
Georgia, and has manufacturing operations in Wisconsin, Michigan, Nova Scotia,
Canada, and Bruckmühl, Feldkirchen-Westerham and Lahnstein, Germany.
Additional information about Neenah Paper can be found at the company's web
site at www.neenah.com.