PurchasePro to Report Second Quarter Results on August 7, 2001

Will Host Conference Call the Same Day


LAS VEGAS, July 23, 2001 (PRIMEZONE) -- PurchasePro (Nasdaq:PPRO) today announced that the company will report its financial results for the second quarter ended June 30, 2001 on Tuesday, August 7, 2001, after the close of the market. The company also said that it will host a conference call that same day at 1:45 p.m. (PDT), 4:45 p.m. (EDT).

The company's conference call will be Webcast, in real time, through its corporate Website at www.purchasepro.com and its investor relations Website at www.irconnect.com/ppro. The conference call will be available for replay at 888-203-1112 domestically and 719-457-0820 internationally, beginning August 7, 2001 at 4:45 p.m. (PDT) ending August 14, 2001 at 10:00 p.m. (PDT). The access code for the replay is 544805. The Webcast will remain accessible at the company's corporate and investor relations websites throughout the third quarter, beginning August 7, 2001.

ABOUT PURCHASEPRO

PurchasePro(r), www.purchasepro.com, is a business-to-business e-commerce leader that provides 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 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.

SAFE HARBOR

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.



            

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