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Strategies & Market Trends : Cents and Sensibility - Kimberly and Friends' Consortium -- Ignore unavailable to you. Want to Upgrade?

To: Jim B who wrote (15609)	9/14/1999 11:46:00 AM
From: swisstrader	Read Replies (1) \| Respond to of 108040

From Briefing.com on PPRO... PurchasePro.com (PPRO) : After two weeks with no deals to play, traders, speculators and momentum investors will be jockeying for a seat at one of the post popular games on the floor: IPO Roulette. Hitting the market early this week, possibly as soon as tomorrow, will be PurchasePro.com... The 4 million share offering is being led by Prudential Securities and is expected to price between $11 and $13... The Las Vegas, NV-based company runs an online business-to-business electronic commerce community. PurchasePro.com aims to lower the transaction costs of procuring supplies and services by eliminating many of the costly and time-consuming functions of traditional, paper-based buying and selling. Most of the companies involved in PPRO's marketplace are suppliers of goods and services to large hotels and resorts in Nevada and Florida.... The company has inked strategic relationships with Office Depot, VerticalNet, and ZoomTown.com (a Cincinnati Bell subsidiary)... E-marketplace members include Marriott International, Mirage Resorts, Caesars Palace and Best Western International.... Currently, PPRO derives approx. 72% of its revenue from subscription fees charged members for access to company's e-marketplaces. The company is also planning to begin taking a cut of transaction revenue... . Financials: For the six-months ended June 30, PPRO logged revenue of $1.68 mln, an increase of 217% over the year-ago period. Net loss increased from $3.5 mln to $6.5 mln... Secondary plays include Ariba (ARBA), Commerce One (CMRC), VerticalNet (VERT) and Harbinger (HRBC). - DS