PurchasePro: They will survive - will they? - 500 Beiträge pro Seite

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PurchasePro and Avantrust Partner to Provide Online
Trust Solutions for Buyers and Sellers

LAS VEGAS and NEW YORK, Nov. 13, 2001 (PRIMEZONE) -- PurchasePro
(Nasdaq:PPRO) and Avantrust, LLC, a joint venture between American
International Group Inc. (AIG) and D&B, today announced an agreement
that brings Avantrust`s Passport, an integrated suite of risk
management solutions, to the PurchasePro Commerce Network. As a result,
PurchasePro members can make more informed purchasing decisions, while
PurchasePro expects to significantly increase revenues through the
addition of risk reducing, value added services. The Avantrust Passport
is currently in use with more than 65 of PurchasePro`s leading
suppliers.

The Avantrust Passport enables real-time verification of a company`s
identity and creditworthiness through an easy-to-use Web interface.
Powered by credit and financial information from D&B`s global database
of more than 66 million business entities and proprietary credit
algorithms created by AIG member companies, the Avantrust Passport
provides PurchasePro buyers and suppliers with the information they
need to make informed trading decisions, including recommended credit
limits, recommended payment terms and a financial stability score.

Under the terms of the agreement, Avantrust will incorporate an
Identity Seal, a visual representation of a validated business, that
will be featured on PurchasePro`s company profile, company search and
product detail pages throughout PurchasePro`s Commerce Network. The
Avantrust Identity Seal will indicate those buyers and suppliers that
have undergone identity verification by D&B.

"Through the Avantrust Passport and other online risk management tools,
PurchasePro`s customers now have access to additional services that
reduce the risks of online e-commerce," said Rick Leander, chief
executive officer of Avantrust. "Buyers and sellers will have the
ability to differentiate their company by showing that their identity
has been confirmed by D&B, a trusted third party, and all members of
the PurchasePro trading network will have access to the full range of
Avantrust solutions such as trade credit and cargo insurance."

"PurchasePro has always provided its commerce network members with
industry-leading online security," said Richard L. Clemmer, president
and chief executive officer of PurchasePro. "However, with Avantrust,
PurchasePro has enhanced the `business security` of the network,
providing companies with the creditworthiness of any corporation in the
commerce network. As we add new and enhanced technology to the world`s
largest B2B commerce network, we continue to see an increase in the
number of transactions and dollars flowing through our application."

Businesses can obtain an information snapshot on companies throughout
PurchasePro`s network of 300,000 businesses by accessing the following
Avantrust Passport tabs:


-- Member Profile: Critical contact information and whether or not
the business has undergone a D&B identity verification.

-- Business Information: Demographic information including ownership,
parent company, years in business and total number of employees.

-- Credit Information: Financial and creditworthiness information
including recommended maximum payment terms, a credit limit
guideline, and payment history compared to the industry average.

-- Exchange Verification: Information about marketplace insurance
including whether the marketplace has completed a network security
assessment or purchased Website Security Insurance.

"Risk management and authentication has been a stumbling block to
online negotiations, particularly when dealing with new or unfamiliar
entities," said Tim Minahan, vice president of supply chain research at
Aberdeen Group, Inc. "These concerns have only grown in light of the
downtrending economic environment. By incorporating the Avantrust
service into its commerce network, PurchasePro is developing a secure
trading environment that fosters online negotiations by maximizing
trading opportunities while minimizing risk."

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.

About Avantrust

Avantrust (pronounced ah-vahn TRUST) empowers companies to buy and sell
more online by reducing the risks and frictions inherent in eCommerce.
Announced in October 2000 by American International Group, Inc.
(NYSE:AIG) and D&B, Avantrust offers an integrated suite of insurance
products, risk management services, technology and information
offerings. Leveraging the two founding firms` trusted leadership in
insurance, financial services, and business information, Avantrust
provides innovative solutions for sellers, buyers and marketplaces. For
more information, please visit www.avantrust.com.

btw: heute zahlen und cc...
gruss, f

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not dead anymore...

Press Release
SOURCE: PurchasePro, Inc.
PurchasePro Sells Materials Management Software License to Dover
Downs Entertainment Inc.
LAS VEGAS, Dec. 12, 2001 (PRIMEZONE) -- PurchasePro
(Nasdaq:PPRO) announced today that it has sold a PurchasePro
MMS400 Materials Management System to Dover Downs Entertainment
Inc., an entertainment company based in Dover,
Delaware.

While terms of the contract were not disclosed, typically licenses comprise
an upfront license fee and monthly maintenance and consulting fees.
PurchasePro`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.

PurchasePro`s inventory management software is widely used in many of
the hotels in Las Vegas, as well as a variety of vertical markets, including:
government; foodservice; entertainment; resorts and amusement parks.
Among PurchasePro`s material management 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.

PurchasePro`s MMS400 Materials Management System was developed by
Stratton Warren Software and acquired by PurchasePro in January 2001.
Stratton Warren was founded in 1977 to address the needs of the
hospitality industry. The software was designed by industry professionals,
and has evolved, via feedback from users, into the most dynamic materials
management software available.

Stratton Warren Software`s flagship product is the Enterprise Materials
Management System (MMS400), a turnkey software solution for
procurement and inventory operations consisting of four base modules:
Inventory, Purchasing, Recipe/Menu Analysis, and Retail; each with
specific functionality geared to the hospitality industry.

gruss, f