LAS VEGAS, Jan. 24, 2002 (PRIMEZONE) -- PurchasePro (Nasdaq:PPRO) today announced that Dal-Tile (NYSE:DTL) and Conectiv (NYSE:CIV) have contracted for PurchasePro e-Source on a per use basis. The company also said that it expects to announce additional signed contracts shortly.
Chris Benyo, PurchasePro senior vice president, said, "The innovative new pricing models we announced last year are being well received in the marketplace. Earlier this month, Honeywell signed a license agreement for e-Source following its run of six per use strategic sourcing events. It is our belief that the use of our e-Source solution on a 'per use' basis will provide the final sales lever to our very compelling value proposition.
"After all," he said, "strategic sourcing is even more critical in this challenging economic environment. Companies are now recognizing that strategic sourcing is a comprehensive procurement process in which a reverse auction is the purchasing outcome, a single element of this process. The solution provides users with the power to automate any supply chain, for any type of goods or service, and make purchasing more streamlined and efficient. For companies that are either evaluating such a tool set or who are too small to benefit from a full-time sourcing tool, PurchasePro crafted the unique 'per use' pricing model.
"Offering our solution on a per use basis is a way for companies of any size to gain the benefits of the strategic sourcing process without committing to large capital expenditures or outrageous consulting fees. We're seeing many customers pay to dip their toes in the water through per use agreements either to learn about the process, or to evaluate the tool and process prior to making a longer term commitment."
About PurchasePro
PurchasePro(r), www.purchasepro.com, is a B2B e-commerce leader with the stated goal of providing software to enable enterprises of all sizes to gain universal access to the world's largest commerce network. The PurchasePro commerce network comprises more than 300,000 businesses, authorized to buy and sell, and powers hundreds of private-label marketplaces. PurchasePro provides the following B2B e-commerce solutions: e-Procurement for enterprise-wide procurement; e-Source for strategic sourcing, v-Distributor for online distributors; and e-MarketMaker for Internet market makers.
This news release may include forward-looking statements, which are subject to the `Safe Harbor' created by Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. These forward-looking statements involve certain risks and uncertainties that can cause actual results to differ materially from those in the forward-looking statements. These forward-looking statements represent only the views of certain members of management and are based on limited information available to us now, which is subject to change. We have no current plan to update these statements. Actual results may differ substantially from what we say today and no one should assume at a later date that the forward-looking statements provided herein are still valid. They speak only as of today. For more information about these risks and uncertainties, see the SEC filings of PurchasePro.com, Inc., including the section titled "Factors That May Affect Results" in its 10-K filing for the period ended December 31, 2000, and its 10-Q for the quarter ended September 30, 2001, which are available from the company on request and on the Internet at the SEC's Website, www.sec.gov. Note: PurchasePro is a service mark of PurchasePro.com Inc. All other trademarks or registered trademarks are the property of their respective owners.