LAS VEGAS, Sept. 6, 2001 (PRIMEZONE) -- PurchasePro (Nasdaq:PPRO) today announced that its wholly owned subsidiary, Stratton Warren, a leading provider of purchasing solutions and inventory management software, recently signed seven license agreements for its MMS400 and MMS400R Materials Management Systems.
While terms of the contract were not specifically made available, typical Stratton Warren licenses comprise a license fee and monthly maintenance and consulting fees. Stratton Warren's MMS400 software provides organizations with a complete solution for procurement, inventory, recipe and menu analysis, while the MMS400R technology enables virtually any retail outlet to buy, track and resell its products and services more effectively.
The Stratton Warren licenses were sold to the following amusement parks, casinos and race tracks: Barona Casino, Kingsmill Resort, Delta Downs Racetrack, Pechanga Entertainment Center, Isle of Capri Lake Charles, Opryland Hotel and Peppermill Casinos, Inc.
Stratton Warren's software provides inventory management, purchasing tools and back-end integration to a wide variety of vertical markets, including government, hospitality, foodservice, resorts and amusement parks. The software is also the purchasing standard throughout virtually every hotel and casino in Las Vegas.
Among Stratton Warren's customers are Snowbird Ski and Summer Resort, Fort Jackson Army Base, The Broadmoor, Delaware Park Race Track, The Greenbrier, Harrah's Entertainment, Inc., Mandalay Bay Group Resort, Park Place Entertainment, Pinehurst Resort and Country Club and Vail Ski Resorts.
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 250,000 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 June 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.