Memphis, Tennessee, USA, 29 January 2009 -- /PRNewswire/ -- International Paper (NYSE: IP) announced today that it is rescheduling its previously announced Investor Day from 18 February to 09 June. The company made the decision to postpone the event, which was originally intended to focus solely on its industrial packaging business, in order to provide a broader company update.

Attendance will be limited to invited members of the investment community. However, the event will be webcast live, and all interested parties will be invited to listen via International Paper's Internet site at http://www.internationalpaper.com by clicking on the Investors tab and then clicking on the Presentations link. A replay of the webcast also will be available on the Web site beginning approximately four hours after the presentation.

International Paper (NYSE:IP) is a global paper and packaging company with manufacturing operations in North America, Europe, Latin America, Russia, Asia, and North Africa. Its businesses include uncoated papers and industrial and consumer packaging, complemented by xpedx, the company's North American distribution company. Headquartered in Memphis, Tennessee, the company employs about 61,500 people in more than 20 countries and serves customers worldwide. Net sales for 2007 were approximately USD 25 billion.