Charles E. Johnson, Jr., PurchasePro.com Chairman and Chief Executive Officer, Intends to Purchase Up to $1,000,000 of the Company's Commmon Stock.LAS VEGAS--(BUSINESS WIRE)--Nov. 2, 1999-- PurchasePro.com, Inc. (Nasdaq:PPRO PPRO Personal Public Relations Officer (Church of Scientology) ), a leading provider of business-to-business e-commerce solutions, today announced that Charles E. Johnson For the U.S. politician, see . Charles E. Johnson was a New York burglar who was listed on the FBI's Ten Most Wanted during 1953. While still a teenager, Johnson was first arrested for burglary in 1921. , Jr., the Company's chairman and chief executive officer, intends to personally purchase shares of common stock of the Company in open market transactions. Johnson advised the Company that he may purchase up to $1,000,000 of PurchasePro.com common stock. Johnson has further advised the Company that he intends to make 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 26 percent of the Company's outstanding common stock. PurchasePro.com, Inc. is a leading provider of Internet business-to-business electronic commerce services. The Company's e-commerce solution is comprised of public and private "e-marketplaces" where businesses can buy and sell a wide range of products and services in an efficient, competitive and cost-effective manner. Its target customers are primarily small to medium sized businesses. The company has designed its e-marketplaces to meet the needs of these customers and their large business partners. Current strategic sales and marketing relationships include a recently announced strategic distribution partnership with Ariba, as well as previously announced partnerships with Office Depot Office Depot (NYSE: ODP) is one of the world's leading suppliers of office products and services. The Company's selection of brand name office supplies includes business machines, computers, computer software and office furniture, while its business services encompass copying, , Inc., VerticalNet, Zoomtown.com (a Cincinnati Bell Cincinnati Bell is the dominant telephone company for Cincinnati, Ohio and its nearby suburbs in Ohio, Indiana and Kentucky. The parent company is named Cincinnati Bell Inc. subsidiary), the Greater Phoenix Chamber of Commerce and the American Association American Association refers to one of the following professional baseball leagues:
It is providing services to develop and maintain public e-marketplace for members including Bellagio, Mirage, Carnival Cruise Lines This article or section needs sources or references that appear in reliable, third-party publications. Alone, primary sources and sources affiliated with the subject of this article are not sufficient for an accurate encyclopedia article. , MGM MGM in full Metro-Goldwyn-Mayer, Inc. U.S. corporation and film studio. It was formed when the film distributor Marcus Loew, who bought Metro Pictures in 1920, merged it with the Goldwyn production company in 1924 and with Louis B. Mayer Pictures in 1925. Grand, Mission Industries, Park Place Entertainment (formerly Hilton Gaming) and the Phoenix Suns. It also provides private e-marketplaces for Building One Services, Best Western International and Prime Hospitality. For more information, call toll free at 888/830-4600 or in Las Vegas Las Vegas (läs vā`gəs), city (1990 pop. 258,295), seat of Clark co., S Nev.; inc. 1911. It is the largest city in Nevada and the center of one of the fastest-growing urban areas in the United States. at 702/316-7000. You can also access PurchasePro.com, Inc. 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. |
|
||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion