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Technology Stocks : Purchasepro.com Inc. (PPRO) -- Ignore unavailable to you. Want to Upgrade?

To: Jim TenIron who wrote (467)	3/27/2000 9:47:00 PM
From: AllenP	Respond to of 748

biz.yahoo.com PurchasePro.com's Chairman and CEO, Charles E. Johnson, Jr., Purchases $15.2 Million of the Company's Commmon Stock LAS VEGAS--(BUSINESS WIRE)--March 27, 2000--PurchasePro.com, Inc. (Nasdaq:PPRO - news), a leading provider of business-to-business e-commerce solutions, today announced that Charles E. Johnson, Jr., the Company's chairman and chief executive officer, personally purchased $15.2 million of Purchase Pro common stock in market transactions. Of the total sum, $12.2 million was purchased during the Company's follow-on offering in February 2000, and the remaining $3.0 million was purchased today. Johnson advised the Company that he intends to continue making such purchases from time to time at prevailing market prices in the open market, in compliance with the restrictions and limitations of Rule 10b-18 of the Securities Exchange Act of 1934, and applicable Securities and Exchange Commission guidelines. Johnson currently owns approximately 23 percent of the Company's outstanding common stock. About PurchasePro.com PurchasePro.com is a leading provider of Internet business-to-business electronic commerce services. The company's end-to-end e-commerce solution is composed of public and private marketplaces where businesses can buy and sell a wide range of products and services in an efficient, competitive and cost-effective manner. The Company has designed its e-marketplaces to meet the needs of customers and their strategic business partners. A key element of its strategy is to develop sales and marketing relationships, such as those it has with AOL, IBM, Sprint Corp., Advanstar Communications and Office Depot, Inc. The company provides extensive support and training programs. For more information, call toll-free at 888/830-4600 or in Las Vegas at 702/316-7000. PurchasePro.com may be accessed at its Web site, www.purchasepro.com. This press release includes forward looking statements which are subject to a number of risks and uncertainties, including the risks and uncertainties associated with rapidly changing technologies such as the Internet, the risks of technology development and the risks of competition. Actual results could differ materially. For more information about these risks and uncertainties, see the SEC filings of PurchasePro.com, Inc. Note to Editors: PurchasePro.com is a trademark of PurchasePro.com, Inc. All other trademarks or registered trademarks are the property of their respective owners. -------------------------------------------------------------------------------- Contact: PurchasePro.com, Inc., Las Vegas Anthony Timmons, 702/316-7000 or Morgen-Walke Associates, Inc. Brooke Deterline, 415/296-7383 Carolyn Bass, 415/296-7383 Christopher Katis, 415/296-7383 (Media)