PurchasePro Files 8-K

Las Vegas, Nevada, UNITED STATES


LAS VEGAS, Sept. 19, 2002 (PRIMEZONE) -- PurchasePro (Nasdaq:PROEQ) today announced it has filed with the Securities and Exchange Commission a Form 8-K, which, among other things, clarifies PurchasePro's September 12 announcement of its arrangement with Perfect Commerce, Inc. The 8-K also reports PurchasePro's filing of a voluntary petition under Chapter 11 of the U.S. Bankruptcy Code with the Bankruptcy Court for the District of Nevada, which PurchasePro also announced on September 12.

About PurchasePro

PurchasePro(r), www.purchasepro.com, is a B2B e-commerce leader with the objective of providing software to enable enterprises of all sizes to gain universal access to the world's largest commerce network. Founded in 1996, PurchasePro provides electronic procurement and strategic sourcing solutions to businesses worldwide.

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.com, 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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