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To: Smart_Money who wrote (1839)1/16/2001 2:20:00 PM
From: ColtonGang  Respond to of 6445
 
V-Twin Offers PurchasePro e-Commerce Solutions Through Reseller Agreement; V-Twin Joins Elite Group of Resellers
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PPRO


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WASHINGTON and LAS VEGAS, Jan 16, 2001 /PRNewswire via COMTEX/ -- V-Twin Holdings, Inc. (OTC Bulletin Board: VTWN ), a motorcycle and powersports retailer and Internet marketer, today announced that it has entered into an agreement with PurchasePro, Inc. (Nasdaq: PPRO ) to resell PurchasePro's suite of e-commerce products to small and midsized businesses. PurchasePro is a leading enabler of e-commerce solutions for companies of all sizes.

Roger Cheek, Chief Executive Officer of V-Twin, said, "We believe many companies would embrace e-commerce for purchasing and distribution if they had a simple solution. After evaluating many offerings we concluded that PurchasePro's solutions are easy to use and quick to set up, exactly what businesses have been searching for."

PurchasePro's e-commerce solutions are easy to set up and easy to use. Since they're on-line and browser based, they're accessible through any Internet service provider. These features enable businesses of all sizes to enjoy the efficiency and cost-savings of e-commerce without creating an expensive information technology department.

"PurchasePro's reseller agreement with V-Twin provides us with an additional sales channel without incurring the expense of adding headcount," said Chris Carton, president of PurchasePro. "We hope that resellers such as V-Twin will provide PurchasePro with access to revenue sources unavailable through direct sales channels."

PurchasePro's open-ended architectural platform can interface with a company's existing ordering, inventory tracking, catalog, and accounting technology, allowing full e-commerce integration within 45 days or less.

As a licensed reseller of PurchasePro's e-commerce solutions, V-Twin will:

-- Market PurchasePro's software licenses to small and midsized businesses
across the country.
-- Leverage V-Twin's management team and e-commerce knowledge to develop
significant relationships and sales opportunities within the middle to
mass market.
-- Earn licensing fees and transaction revenues based on marketplace
sales.

V-Twin Holdings, Inc., headquartered in Washington, DC, is integrating bricks and clicks in the $35 billion motorcycle and powersports industry. V-Twin's retail division owns six motorcycle and powersports stores in Virginia, Texas, and California. V-Twin licenses its "Bikers Dream" brand name to over a dozen stores in 14 states. The company is building CycleClick.Com, a Web-based electronic marketplace for retailers and manufacturers that want to increase their purchasing power, sales, and productivity. For more information visit vtwin.net or call (212) 539-0768.
This press release contains forward-looking statements based on current expectations subject to the risks and uncertainties outlined in V-Twin's 10-KSB dtd. 10/13/00 and include the Company's ability to successfully market e-commerce systems to third parties.