LAS VEGAS, Aug. 6, 2001 (PRIMEZONE) -- PurchasePro (Nasdaq:PPRO) today announced its selection of Grainger (NYSE:GWW) as a preferred supplier to PurchasePro's commerce network that includes more than 155,000 unique businesses worldwide. Grainger is the leading North American business-to-business distributor of maintenance, repair and operating (MRO) supplies, services and related information.
Grainger offers PurchasePro's industry-leading member base access to more than 220,000 MRO products and replacement parts through the company's Website, located at www.grainger.com. In addition, PurchasePro also has partnered with FindMRO.com, Grainger's online resource for locating and procuring hard-to-find MRO supplies. FindMRO.com leverages its relationships with more than 14,000 suppliers to provide customers with an efficient and cost-effective solution to the time-consuming process of purchasing unusual or infrequently purchased MRO products.
"The addition of Grainger as a preferred supplier to our commerce network is a tremendous win for our company and our members," said Allen Winder, executive vice president and chief operating officer of PurchasePro. "Virtually every company in our commerce network has a need for quality MRO products. Grainger fills that need, while PurchasePro technology enables our members to source, search and purchase Grainger's products in an easy online application."
"Grainger is committed to providing customers with speed and convenience in meeting their needs for maintenance, repair and operating supplies," said Carl Turza, general manager, Grainger.com. "We are pleased to be a part of the PurchasePro commerce network. Our participation extends our ability to reach new customers who are looking for greater efficiency in their procurement process."
PurchasePro and Grainger will participate in joint sales and marketing activities. PurchasePro's members also will have access to additional minority-owned businesses through Grainger's Supplier Diversity Program, which identifies minority suppliers with products and services for resale.
About Grainger
W.W. Grainger, Inc. (NYSE:GWW), with 2000 sales of $5 billion, is the leading North American provider of maintenance, repair and operating (MRO) supplies, services and related information to businesses and institutions. Grainger shares are traded on the New York and Chicago stock exchanges. For more information, visit Grainger online at www.grainger.com.
About PurchasePro
PurchasePro(R), www.purchasepro.com, is a business-to-business e-commerce leader. Its goal is to provide software that enables enterprises of all sizes to gain universal access to the world's largest commerce network. The PurchasePro commerce network comprises more than 155,000 businesses and powers hundreds of private-label marketplaces. PurchasePro provides the following business-to-business e-commerce solutions: e-Procurement for corporate 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 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 March 31, 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 servicemark of PurchasePro.com Inc. All other trademarks or registered trademarks are the property of their respective owners.