PurchasePro.Com!! Eine Sünde wert!! - 500 Beiträge pro Seite

[kaufenkz1000]

Oder denkt Ihr der Werte ist auf dem Niveau schon zu teuer??
Gestern eine sehr gute Meldung über einen Auftrag von HONEYWELL gebracht!!
Denke das ich mir gleich mal einen Packen zu 1,45€ kaufen werde!!
Die Vergangenheit hat gezeigt das PPRO nach solchen Meldungen immer drei oder vier Tage sehr gut gelaufen ist!!


WE WILL SEE!!


Was denkt Ihr??


KKZ1000

[DrChess]

Das dürfte gestern einige auf dem falschen Fuß erwischt
haben. Der Kurs wurde ja munter runtergetaxtet - bis auf
0,90 USD. Ich hatte mir eigentlich vorgenommen, die
Position glattzustellen, sobald die in Amiland wieder
Pennystock werden. Aber in die Panik hinein wollte ich denn
auch nicht verkaufen. Kurz darauf sprang der Kurs auf
1,20 USD. Werde mal abwarten, inwieweit heute Gewinnmit-
nahmen zu Handelsbeginn einsetzen. Bei stabilem Kurs
werde ich ebenfalls zukaufen.

[zubel]

scheiß auf Gewinnmitnahmen,
ich beobachte bzw. besitze die Aktie sei 8 Monaten und habe fleißig zugekauft. Leider ist mein Einstandskurs bei etwa 4 Dollar.
PPRO wird aktuell mit etwa 80 Mio Dollar bewertet.
Mit etwas Glück (Konjunkturaufschwung) dürften die Umsätze vom ersten Quartal,m.E. cirka 8 Mio bis auf 15 Mio im 4 ten Quartal steigen. Somit rechne ich mit einem Gesamtumsatz von etwa (konservativ geschätzt) 45 Mio Dollar im Jahr 2002.
Der Break even dürfte im ersten Quartal, spätestens im 2 ten Quartal erreicht werden. Dies bedeutet wiederum das am Ende ein Gewinn vor Steuern von mindestens 5 Mio Dollar steht. Das entspricht wiederum einem KGV von aktuell 16.
Gerechtfertigt und konservativ angesetzt scheint mir mindestenst ein KGV von 40 zum Ende des Jahres.
Ergo:
Kursziel bis zum Ende des Jahres -> 3 Dollar
Dieses Kursziel ist allerdings ein MINIMALZIEL, da ich nichts davon halte mit utopischen Kursen hausieren zu gehen.
Durchaus denkbar wären auch Kurse deutlich über 3 Dollar.

Grüße

[Lekrud]

ich verstehe irgendwie nicht wie purchasepro nach der auftragsmeldung fast genau wieder dort steht wie zuvor!
tja *sell in good news wohl*.

[zubel]

das ist ganz einfach @lekrud,
PPRO hat eine Menge Mist gebaut die bevor Clemmer das Runder in die Hand genommen hat. Ich kann mich noch an die Zahlen zum 2ten Quartal 2001 errinnern, 32 Mio Umsatz, ha ich lach mich tod. Revidiert auf 16 Mio Umsatz 2 Wochen später, man möchte nicht glauben was da für Verbrecher am Werk waren. Rücktritt von Junior, Clemmer wird CEO und entläßt erstmal 2/3 der Mitarbeiter, derweil fällt die Aktie weiter wie ein Stein Richtung 1 Euro mit kurzfristigen Erholungstendenzen. Umsatz im 3 ten Quartal bei.....man glaubt es kaum.....nicht mal 5 Mio Dollar. Verlust über 100 Mio Dollar, 95 Mio davon einamlige Kosten.
Dazwischen fordert Clemmer die Anleger kurz mal auf Ihre Aktien bei den Brookern sperren zu lassen damit diese nicht geshortet werden können. Einmalig Aktion die etwas dazu Beiträgt den Kurs zu stützen und vor allem Clemmer und PPRO etwas in Rampenlicht zu setzten. Clemmer ist m.E. ein Genie, PPRO auf dem besten Weg wieder in die Pluszone zu kommen leider mit einer beschissenen Vorgeschichte die viele noch nicht vergessen haben. Genau das ist der Grund warum momentan in und mit PPRO viel raus-rein gezockt wird.
Warten wir mal die Q4 Zahlen, die ebenfalls schlecht ausfallen dürften, ab. Das ist allerdings eingepreist.
Ich fasse zusammen: + Clemmer
+ Eine super Software (Produkt)

- zurecht mangelndes Vertrauen
- schleppende Konjunktur
Ich sehe Kurse um 3 bis 5 Euro als realistisch an.
grüße

[Lekrud]

man zubel....du hast mir alles beantwortet(auch meine nichtgestellten imaginären fragen).echt genial.thx²

[zubel]

Auch technisch überwiegen die Chancen gegenüber dem Risiko

Upside Trade Upside Trade Help, Trade indicators for long trades.


TARGET 1 Price: 1.86 Profit: 69.1%
Stop Limit/Trailing Stop Limit: 0.83 Loss: 24.5%
Profit/Loss Ratio: 2.82 : 1 - Good

TARGET 1 POTENTIAL Fair, there are 1 resistance areas on the way to Target 1

TARGET 1 RESISTANCE +25.5% at 1.38 ± 0.14, type triple, strength 10
+69.1% at 1.86 is Target 1

TARGET 2 Price: 2.1 Profit: 90.9% , for an extreme rally.

BREAKOUT None.


Downside Trade Downside Trade Help, Trade indicators for short trades.


TARGET 1 Price: 0.32 Profit: 70.9%
Cover Limit/Trailing Cover Limit: 1.35 Loss: 22.7%
Profit/Loss Ratio: 3.12 : 1 - Good

TARGET 1 POTENTIAL Poor, there are 5 support areas on the way to Target 1

TARGET 1 SUPPORT -20% at 0.88 ± 0.09, type single, strength 1
-32.7% at 0.74 ± 0.08, type triple+, strength 10
-46.4% at 0.59 ± 0.06, type double, strength 5
-54.5% at 0.5 ± 0.05, type single, strength 3
-64.5% at 0.39 ± 0.04, type single, strength 1
-70.9% at 0.32 is Target 1

TARGET 2 Price: 0.04 Profit: 96.4% , for an extreme pullback.

BREAKDOWN None.

[Lekrud]

seid ihe noch da oder hab ihr alle schon längst eure aktien verkloppt!ausserdem weis jemand warum das teil so dermassen in den keller geht!das sieht nich gut aus.eventuell kann ja mal jemand wegen dem delisting usw. antworten!

mfg lekrud

[SkiTwoMax]

Eine PPRO verkauft man doch nicht so schnell. Nachdem ARBA u CMRC so schlechte Zahlen gebracht haben und nach diesem schnellen anstieg war das doch normal.
Sie hat jetzt ihren Tiefststand erreicht. Charttechnisch dürfte der bei ca. 0,76 gelegen sein. Denn haben wir heute bereits gesehen und die zahlen dürften auch nicht so schlecht sein. Also können wir auf ein neues Jahreshoch bald hoffen.

[Guuruu]

hallo Gemeinde,

bin seit heute dabei,

ich hoffe purchase mit dem heutigen Tag die Korrektur beendet.

grüße

[Frakt@l]

Immer wenn es bei Purchase pro mit dem Kurs brenzlich wird, gibt es eine schöne Meldung und der Kurs dreht nach oben. So auch heute wieder. Ca 1,5 Std nach Börseneröffnung war der Kurs bei ca 0,76 US$, dann kam die Meldung und der Kurs hat heute bei 0,93 US$ (+10,7%) geschlossen.

PurchasePro Announces New Per Use E-Source Contracts

LAS VEGAS, Jan. 24, 2002 (PRIMEZONE) -- PurchasePro (Nasdaq:PPRO) today announced that Dal-Tile (NYSETL) 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."

Gruss Fraktal

[FockeWulf190De]

Bin auch wieder dabei. Die 1 $ locken wieder und dann kann es ganz schnell gehen. Mit PPro habe ich schon insgesamt über 600% gemacht. Wenn ein Trend kommt, muss man rein!!!

Wenn sie fällt muss man raus. Und diese REegeln muss man bei PPRO eisern durchziehen

[FockeWulf190De]

Sieht bislang gut aus in den Staaten. 50 % sind hier die nächsten Tage drin!

[Guuruu]

hallo Focke,

Du bist anscheinend überall anzutreffen,

grüße

[FockeWulf190De]

@ Guuruu

Wo es Geld gibt, bin ich da
Hoffe wieder auf einen schönen Ausbruch !

Gruss

[Frakt@l]

Heute wieder eine positive Meldung von Purchase Pro, scheint dem Kurs aber nicht zu helfen.

PurchasePro Announces e-Source Contract Renewal

LAS VEGAS, Jan. 29, 2002 (PRIMEZONE) -- PurchasePro (Nasdaq:PPRO) today announced that one of the world`s leading building materials and composites producers has renewed its software license for PurchasePro e-Source, the company`s strategic sourcing solution. While terms of the agreement were not disclosed, PurchasePro said that a typical license agreement comprises a license fee and monthly maintenance and hosting fees.

Gruss Fraktal

[Frakt@l]

PurchasePro Releases Open Letter to CNBC

LAS VEGAS, Jan. 29, 2002 (PRIMEZONE) -- In response to what it termed "irresponsible, arrogant journalism," PurchasePro (Nasdaq:PPRO) today released the following open letter to Ted David of CNBC:

"We are appalled that you would make the statement on your broadcast yesterday that `PurchasePro is not even worth talking about...they`ll probably be delisted.` It is clear from your statement that you have virtually no knowledge of the company at this point, or what it has accomplished over the past few months. To wit:

Since the end of October, PurchasePro has announced revenue producing software license agreements with Corporate Express, Avantrust, GovernmentFirst, Best Western, Dover Downs, Timken and Honeywell. We have also announced since that date: Personal purchases of stock by our CEO and CFO; the appointments of Don Bell of Bell Microproducts and Jim Schraith of Quantum Technology Ventures as directors; the engagement of Grant Thornton; a $15 million equity commitment by Fusion Capital and the launch of e-Source 7.5. In total, PurchasePro has had seven revenue-producing contracts in about ten weeks and five major corporate events in the same time. In addition, we don`t believe that the senior officers at any of our peers have recently purchased stock in their companies.

Since June of 2001, PurchasePro has been in the process of turning itself around. Arguably, the company has tripped a bit in the process, but its strategy, at this point, has proven to be highly effective. This time last year our cash expense burn rate, for example, was in excess of $20 million per quarter. In the first quarter of this year, 2002, it will be about $5.5 million. Our employee base is at 140 or so, the right size to match our internal forecasts of revenues for this year.

We invite you to give PurchasePro a call to discuss this issue further as we believe that the statement you made yesterday was journalistically irresponsible. If you choose not to do so, I suggest you visit our Investor Relations Website at www.irconnect.com/ppro and our corporate Website at www.purchasepro.com to get a more profound understanding of the company and what we are doing before you are again so dismissive of us.


Thank you in advance for your consideration.

Cordially,

Steven D. Stern
Vice President, Corporate Communications
& Investor Relations"

Gruss Fraktal

[TheBrokerbitch]

PurchasePro gewinnt Bayer als Kunden
--------------------------------------------------------------------------------
(©BörseGo - http://www.boerse-go.de)

PurchasePro verkündet, dass die Bayer Corporation, die amerikanische Tochter der deutschen Bayer AG, die PurchasePro e-Source Software für ein Jahr verwenden wird. Die in Pittsburgh ansässige Bayer Corporation hatte einen Umsatz von 10.1 Milliarden Dollar im Geschäftsjahr 2000 und beschäftigt 23.200 Mitarbeiter.

Die Aktien von PurchasePro fielen gestern um 2.90 Prozent auf 0.67 Dollar, nachbörslich stiegen die Aktien auf 0.69 Dollar.





...ist vielleicht ein zock wert...oder?

[SkiTwoMax]

Die Zahlen kommen doch am Dienstag 12.02.2002 raus, oder täusch ich mich da.
Würd mich interessieren was ihr erwartet.
Ansonsten ist ja wirklich tote hose hier im board.

[Lekrud]

Yeah!

[Frakt@l]

Morgen (11.2.2002) gibt es erst einmal die Jahreshauptversammlung. Mal sehen, was da gesagt wird. Der Kurs ist jedenfalls im Vorfeld am Freitag um 14% auf 0,81 US$ gestiegen und liegt jetzt exakt auf der 100-Tage Linie. Nachbörslich ging es übrigens weiter hoch auf 0,85 US$. Sollte der positive Trend am Montag anhalten, wird der MACD wohl ein Kaufsignal auslösen.

@SkiTwoMax,
das die Zahlen am 12.2.02 bekannt gegeben werden sollen, ist mir neu. Woher hast du die Information ?

PurchasePro Announces Annual Meeting Webcast

LAS VEGAS, Feb. 7, 2002 (PRIMEZONE) -- PurchasePro (Nasdaq:PPRO) today announced that it will webcast its annual meeting, scheduled for Monday, February 11 at 9:00 a.m. (PST), through the company`s investor relations website, www.irconnect.com/ppro.


Gruss Fraktal

[SkiTwoMax]

Steht bei EarningsWhispers.com
PURCHASEPRO.COM INC
$0.81
4th Quarter Ending December 2001
Earnings Whisper ®: N/A
Members` Estimate: N/A
Release Date: 2/12/02

[SkiTwoMax]

PurchasePro Announces Contract with Fleetguard, Inc.

LAS VEGAS, Feb. 11, 2002 -- PurchasePro (Nasdaq:PPRO) today announced that Fleetguard, Inc., a wholly owned subsidiary of Cummins Inc. (NYSE:CUM), has signed a software license agreement for PurchasePro e- Source, the world`s leading strategic sourcing solution and procurement process. While terms of the agreement were not disclosed, PurchasePro said that a typical license agreement comprises a termed and upfront license fee and monthly maintenance and hosting fees.

Fleetguard, Inc. is the world`s leading designer and manufacturer of heavy-duty air, fuel, hydraulic and lube filtration, coolant and exhaust system technology products for heavy-duty diesel engines.

http://www.irconnect.com/ppro/news_releases.shtml?d=23680

[Frakt@l]

Diese Meldung von der Aktionärsversammlung kam ca 10 Minuten vor Börsenschluß raus. Der Kurs stieg dann unter sehr hohem Volumen sofort 10% an. Schlußkurs ist 0,88 US$ (+8,6%). Damit ist die 100-Tage Linie wieder sicher geknackt und der MACD hat wie erwartet ein Kaufsignal ausgelöst.

PurchasePro CEO Addresses Annual Meeting

Shareholders Approve Grant Thornton as Independent Auditor; Don Bell and Jim Schraith as Directors

LAS VEGAS, Feb. 11, 2002 (PRIMEZONE) -- PurchasePro (Nasdaq:PPRO) today announced that a quorum of its shareholders were represented at the company`s annual meeting this morning appointing Grant Thornton as the company`s independent auditor and approving the nominations of Don Bell and Jim Schraith as members of the company`s board of directors.

Richard L. Clemmer, chief executive officer, addressed the company`s shareholders with the following remarks:

"Thank you for taking the time to attend our annual meeting for the year 2000. We appreciate you taking the time out of your busy schedules to visit with us and hope you will attend our annual meeting for the year 2001, which we anticipate scheduling in June of this year. I assure you, this will be the only year we will have two annual meetings in six months.

I`ll take just a few moments here to discuss some issues we believe to be particularly important and that you, our retail shareholders, have raised over the past few months.

Let me first address what most concerns you -- our financial position. We are very confident that PurchasePro will be EBITDA positive by this spring and will generate cash by the fall of this year. Additionally, we are equally confident that PurchasePro will report consistent quarter-to-quarter revenue growth this year. Our level of confidence in achieving these objectives is very high. We are confident because we have placed severe, conservative parameters around all of our forecasting systems.

Our assessments of prospects and our forecast analyses have been improved significantly. We now have a much better perspective of our sales cycle and a sales force that is fully ramped up. We have a clear understanding of our markets and the process required to penetrate them. As CEO of this company, I have insisted that the data on which we base our forecasts be brutally scrutinized and those providing it be held accountable. I have complete confidence in what we have developed, as does our senior management team.

One of the primary reasons for our conviction that we will achieve these objectives is based on what we have accomplished. The ratable pricing model we developed over the last several months has become very attractive to our prospects. This is especially true in this economic environment. We have found that prospective customers are more likely to make an annual commitment for a license when they can pay on a monthly basis. And, of course, our "e-Source by the drink," or "per use," contract allows customers to, in effect, try before they buy.

This was the case with Honeywell, which ran six sourcing events before signing up for a full e-Source license. And, remember, a Honeywell division implemented PurchasePro`s e-Procurement product last spring. Clearly, this new contract represents significant recognition by the parent company. By the way, one of our most recent customers, Dal-Tile, a billion dollar New York Stock Exchange company, signed a per use contract just a couple of weeks ago and has already run four sourcing events.

Since the first of this year, PurchasePro has signed five revenue-producing contracts for our strategic sourcing solution with several new customers. Until this morning, I would have said that Bayer was the most recent. However, this morning we announced a two-year license agreement with Fleetguard, a division of Cummins Inc., a New York Stock Exchange company with revenues of more than $5 billion. In fact, based on Fleetguard`s due diligence, this agreement has the potential to be expanded across all divisions of Cummins Inc. In the aggregate, the companies that have signed contracts with PurchasePro this year have revenues of more than $60 billion.

With recurring revenues at a base of $2 million to $2.5 million, combined with the contracts we have signed just this year, as well as our expanding professional services revenues, we are already about 40 percent of the way to meeting our internal revenue objectives for this year.

It is also important for you to know that we fully understand your concerns about the price of PurchasePro`s stock. While we are concerned as well, we are much more focused on achieving our primary objective of profitability. I`ll make this very clear: We, PurchasePro management and employees, believe categorically that we will succeed.

Over the past four months we have shown very clearly that our turnaround strategy is working -- that the business foundation required to establish our financial position for profitability is being built. In addition, you should understand that professional or consulting fees are now typically associated with our contracts. A year ago, even six months ago, we were not capturing these fees. This is an important additional revenue stream that we expect will represent a double digit portion of our total revenues.

The fact of the matter is, since we initiated our turnaround strategy last June, we have signed 25 revenue-producing contracts. In just the fourth quarter of 2001 we announced revenue-producing contracts with Corporate Express, Avantrust, Best Western, Dover Downs Entertainment and GovernmentFirst, which has been renamed eCuity. And, to fully recap our contract action since we initiated the first phase of our turnaround strategy in June, we also signed ArvinMeritor, Unocal, an earlier GovernmentFirst contract for e-Procurement, Accor, Grainger, Arch Coal and seven PurchasePro Stratton Warren licenses. That`s 25 revenue-producing contracts since June 2001, approximately three a month. From our perspective, that`s real business based on the real value PurchasePro delivers.

Over the past six months, we`ve clearly outlined our phased turnaround strategy. We have reduced headcount to about 130 from more than 600 this time last year. We have made these cuts very strategically to protect our technology, protect our customer relationships and protect our infrastructure. This is evidenced by our recently announced upgrade to PurchasePro e-Source, version 7.5, developed entirely by internal personnel. This continues to protect the technology leadership we have established in this key area. And in a few weeks we will announce substantial enhancements in functionality to e-Procurement, again, also built internally.

We have pared our expenses to the bone, reducing our quarterly cash expense burn rate, that`s our cash expense without the offset from revenue, to between $5.5 million and $6 million per quarter. I understand a year ago this rate was in excess of $30 million.

We acknowledged late last year that it takes six months or so for a sales force to ramp up; to exert sufficient pressure on the pipeline to generate sales. Most of our software sales professionals came on board late last spring or early last summer and we`re beginning to see the results. They are producing sales like Honeywell, like Bayer, like Unocal and now Cummins Inc.

What more has occurred in our turnaround effort? Don Bell, chairman of Bell Microproducts and Jim Schraith of Quantum Technology Ventures have joined our board with former Kentucky Governor Martha Layne Collins, who incidentally also sits on the boards of Kodak and R.R. Donnelley, and Todd Bradley, chief operating officer of Palm. Next, Fusion Capital has made a $15 million equity commitment to PurchasePro. Also, Grant Thornton completed its due diligence and replaced Arthur Andersen as our independent auditor.

It is virtually impossible for me to believe that anyone in this room, or listening to the Webcast of this meeting, would think that any of these events would have occurred, or contracts been signed, without appropriate due diligence. Especially multi-billion dollar multinational corporations, which I can personally assure you are very thorough.

Our customers and other constituencies have confidence in PurchasePro`s strategy and future. They have confidence in PurchasePro`s products. They have confidence in PurchasePro`s management and employees.

I have complete confidence in our ability to succeed. In fact, the level of my commitment and belief in our company is such that I have taken a 50 percent reduction in cash compensation in return for equity in PurchasePro. Other members of senior management are also taking reductions.

We, then, are in a position aligned with you, our shareholders. We have substantial portions of our net worth and future tied to PurchasePro. The PurchasePro turnaround effort is consuming and we are absolutely committed to its success, often costing many of us dearly in our personal lives.

Yes, 2001 was a terribly challenging year. But make no mistake about it, we believe in this company and our ability to execute the plan to become profitable. I reiterate that we expect to be EBITDA positive by spring and generate cash by the fall. We are generating revenue and will continue to do so, growing it every quarter. We are building a business for the long term.

Our customers support us heartily, because we provide them with real value. We are now visible on the screens of the financial community. Our products are well received by our prospects. After all, who wouldn`t be reassured considering our customer list. Thank you for your continuing loyalty and support. The floor is now open to questions. In terms of order, please state your name prior to your question and I will take one question at a time per person."

Gruss Fraktal

[Frakt@l]

Noch eine kleine Ergänzung: nachbörslich ist der Kurs weitergestiegen, auf momentan 0,95 US$. Die positiven Aussichten, die auf der Aktionärsversammlung genannt wurden (unter anderem: posivites EBITDA im Frühjahr 2002, Ende des Cash burns (generate cash) ab Herbst 2002), sickern wohl erst langsam zu den Anlegern durch ....

Gruss Fraktal

[B2BFighter]

Selten so gelacht.....

11.02. 22:19
PurchasePro rechnet mit Gewinn im Herbst´2002

(©BörseGo - http://www.boerse-go.de)
PurchasePro.com erwartet im Herbst dieses Jahres Gewinne generieren zu können. Das
Unternehmen ist darüber hinaus "sehr zuversichtlich," im Frühling dieses Jahres auf EBITDA (Ertrag
vor Abzug der Steuern, Abschreibungen und Zinsaufwendungen) Basis ein positives Ergebnis
ausweisen zu können.

"Die Zuversicht, die wir in diese Ziele setzen, ist sehr hoch," so Richard Clemmer, CEO von
PurchasePro.

Darüber hinaus erwartet PurchasePro in diesem Geschäftsjahr stetiges Umsatzwachstum.

[B2BFighter]

Die Aktionäre scheinen es genau wie ich skeptisch zu sehen...-17% an 2 Tagen...!!!!

[Frakt@l]

Meldung vom 14.2.2002: der Ausgabekurs von neuen Aktien ist mit 0,65 US$ nicht gerade berauschend. Da muß man sich wohl nicht wundern, wenn an der Börse auch nicht viel mehr gezahlt wird ...

PurchasePro Completes $6 Million Financing

LAS VEGAS -(Dow Jones)- PurchasePro.com Inc. (PPRO) completed a $6-million private placement of common stock and warrants to purchase common stock.
The company also reiteratd that it expect positive earnings before interest, taxes, depreciation and amortization by spring, and to generate cash by the fall.

In a press release Thursday, PurchasePro said it issued 9,230,770 common shares at 65 cents each and 1,384,615 warrants to purchase common shares at $ 1.00 each in the placement, which was made to "various institutional investors."

Ladenberg Thalmann & Co. was agent in the placement.

PurchasePro called the financing the "final key" to assuring the company has the best possible opportunity to achieve profitability. With the funding, as well as its access to the $15-million commitment from Fusion Capital announced in December, the business-to-business e-commerce company sees no further requirement for outside funding.


Gruss Fraktal

[Frakt@l]

Naja, der Kurs hat heute wenigstens mal wieder zugelegt, 4,3 %.

Unocal Selects PurchasePro e-Source; Completes Reverse Auctions Worldwide

LAS VEGAS, Feb. 26, 2002 (PRIMEZONE) -- PurchasePro (Nasdaq:PPRO) today announced that Unocal (NYSE:UCL), one of the world`s leading independent natural gas and crude oil exploration and production companies, has adopted PurchasePro`s e-Source technology as its global reverse auction platform.

Since initial implementation of the PurchasePro solution in July 2001, Unocal has used e-Source for reverse auctions in North America, Thailand, Singapore, Indonesia and the Philippines. To date, Unocal has conducted reverse auctions on commodities including marine gas oil and high-speed diesel oil; technology products such as video conferencing systems and computer equipment; and engineered equipment such as injection pump systems.

"Providing companies with highly-scalable, strategic-sourcing solutions that offer significant returns on investment and savings is key to creating market share in this economy," said Chris Benyo, senior vice president, PurchasePro. "We believe that e-Source will enable any mid- to upper market organization to save as Unocal continues to save."

PurchasePro`s sourcing process has been proven repeatedly throughout organizations worldwide, generating procurement efficiencies and price reductions that have resulted in hundreds of millions of dollars of savings. e-Source goes beyond reverse auctions and provides customers with a complete sourcing solution and automated procurement process, enabling buyers to quantify spend analysis, qualify additional suppliers, enhance RFI and RFQ management, cultivate competitive bidding and negotiations and manage supplier relationships more effectively than before.

Since PurchasePro began reporting monthly e-Source results in July 2001, 1,205 auctions have been conducted, totaling $691 million in high bids and $502 million in low bids, generating an implied savings of $189 million for companies worldwide.

Gruss Fraktal