Foodbuy.com Selects PurchasePro.com to Build Online E-Marketplace for Its More
Than 4,000 Foodservice Professionals
LAS VEGAS & ATLANTA, Jul 12, 2000 (BUSINESS WIRE) --
PurchasePro.com Powers foodbuy.com's One-Stop Shopping Location
for Foodservice Purchasing
PurchasePro.com (Nasdaq:PPRO), the leader in browser-based, business-to-business
e-commerce solutions, today announced that foodbuy.com, a leading e-services
firm in the foodservice industry, selected the company's e-MarketMaker solution
to power a new, dynamically rich trading exchange for its more than 4,000
foodservice professionals.
Foodbuy.com selected PurchasePro.com over other enablers because of its unique
ability to deploy branded e-commerce marketplaces in 45 days or less.
Foodbuy.com required rapid deployment to capitalize on its "first-mover"
advantage in the development of a $150 billion foodservice e-commerce vertical.
"With foodbuy.com's newly expanded e-commerce marketplace, small and large
foodservice operators will easily be able to connect with suppliers
electronically to efficiently manage their supply chain and procurement
activities," said Scott MacLellan, president and chief executive officer,
foodbuy.com.
"Foodbuy.com chose PurchasePro.com because of its speed-to-market reputation and
proven experience effectively deploying international e-commerce
business-to-business networks."
E-MarketMaker, PurchasePro.com's e-commerce enabling solution, will allow
foodbuy.com foodservice operators and distributors to place and process supply
orders online, ultimately saving members time and money.
"PurchasePro.com's e-MarketMaker helps companies establish active, robust
exchanges faster than any other solution available," said Christopher Carton,
president and chief operating officer with PurchasePro.com. "It is an ideal
solution for companies, such as foodbuy.com, who are aiming to establish
themselves as 'super brokers' in the purchasing market."
Foodbuy.com currently has more than 4,000 operators in its network, along with
60 contracted manufacturers and 240 distributors. Among its group purchasing
clients are Morrison Management Specialists Inc., the nation's second-largest
company in healthcare foodservice, the International House of Pancakes chain of
restaurants and the U.S. Army Joint Services Prime Vendor Program.
About foodbuy.com
Foodbuy.com, with headquarters in Atlanta, is a leading provider of
business-to-business e-commerce services for the $150 billion foodservice
marketplace and has a growing group of investors, including CMGI @Ventures,
CMGI's venture capital affiliate (Nasdaq:CMGI) and Morrison Management
Specialists Inc. (NYSE:MHI).
Foodbuy.com has more than $1 billion in aggregated purchasing power and provides
technology, purchasing, networking and consulting solutions for more than 4,000
operators, representing all segments of the foodservice industry, including
restaurants, hotels, schools, universities, prisons, military bases and
healthcare institutions.
Programs offered today include group purchasing, rebate management and
compliance auditing, along with customized consulting. For more information on
foodbuy.com programs and services visit www.foodbuy.com.
About PurchasePro.com
PurchasePro.com Inc., a leader in Internet business-to-business e-commerce,
operates the PurchasePro.com exchange, encompassing more than 21,000 businesses,
and powers 155 private marketplaces with its highly scalable, browser-based
e-commerce engine.
The PurchasePro.com exchange and the private marketplaces employing its
technology make it easy for businesses of all sizes to buy and sell a wide range
of products and services. PurchasePro.com enables businesses to compete more
efficiently by meaningfully reducing procurement costs and greatly increasing
employee productivity.
PurchasePro.com offers the fastest e-marketplace solutions in the industry,
designed for important market segments -- e-Procurement for corporate
procurement needs, v-Distributor for online distributors, and e-MarketMaker for
Internet market makers.
A key element of PurchasePro.com's strategy is to develop sales and marketing
relationships with industry leaders, including AOL, Hilton, IBM, Office Depot
Inc. and Sprint Corp. The company provides extensive support and training
programs. For information, call toll free at 888/830-4600 or in Las Vegas at
702/316-7000 or visit www.purchasepro.com.
This news release includes forward-looking statements, that 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
Securities and Exchange Commission filings of PurchasePro.com Inc., including
the section titled "Factors That May Affect Results" in its 10-K filing for the
period ended Dec. 31, 1999, and its 10-Q filing for the period ended March 31,
2000, which is available from the company on request and on the Internet at the
SEC's Web site, www.sec.gov.
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
Anthony Timmons, 702/316-7000 (media)
atimmons@purchasepro.com
or
Jim Clough, 702/316-7000 (investors)
jim.clough@purchasepro.com
or
Shandwick International
Tom Tanno/Amy Agnew, 310/785-9002 (media)
ttanno@shandwick.com
aagnew@shandwick.com
or
Foodbuy.com
Patti Fortuna, 770/998-0579, ext. 2160 (media)
pfortuna@foodbuy.com
or
Abovo Marketing (for foodbuy.com)
Star VanderHaar, 678/597-3318 (media)
svanderhaar@abovomarketing.com
or
Blue Shirt Group
Brooke Deterline, 415/217-4962 (investors)
brooke@blueshirtgroup.com
URL: businesswire.com
Today's News On The Net - Business Wire's full file on the Internet
with Hyperlinks to your home page. |
