PurchasePro to Host Conference Call to Address Investor Concerns


LAS VEGAS, Aug. 28, 2001 (PRIMEZONE) -- PurchasePro (Nasdaq:PPRO) today announced that it will hold a conference call at 1:30 p.m. (PDT) on Wednesday, August 29, 2001 to specifically address the concerns of retail investors. Richard L. Clemmer, chief executive officer, will host the call and directly respond to questions from individual retail investors.

The company said that it would make 50 lines available and participation will be on a "first come, first serve" basis. The call in number is 800-310-1961 and the confirmation code is 535152. The call will be replayed from 3 p.m. (PDT) Wednesday, August 29, 2001 to 3 p.m. (PDT) August 31, 2001 and may be accessed at 888-203-1112, access code 535152.

The call will be simultaneously Web cast and may be accessed through www.purchasepro.com.

About PurchasePro

PurchasePro(R), www.purchasepro.com, is a business-to-business 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 251,000 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 service mark of PurchasePro.com Inc. All other trademarks or registered trademarks are the property of their respective owners.



            

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