Netscape Netbusiness Marketplace, Powered by PurchasePro, Continues Momentum by Adding Travelocity and BizProLink Network.Business Editors/Hi-Tech Writers DULLES, Va. and LAS VEGAS--(BUSINESS WIRE)--May 8, 2001 Travel Industry Marketplace Builds Upon Extensive Global E-Commerce Network BizProLink Network to Provide Online Business Applications and Key Industry-Specific Content to Marketplace America Online See AOL. , Inc. and PurchasePro(r) (Nasdaq: PPRO PPRO Personal Public Relations Officer (Church of Scientology) ), a leading enabler of business-to-business, e-commerce solutions for companies of all sizes, today announced an agreement with Travelocity.com, Inc. (Nasdaq: TVLY TVLY Travelocity.com (stock abbreviation, AMEX) ) to establish a private-label marketplace that will be interconnected with the Netscape Netbusiness Marketplace. In addition, the BizProLink Network, a leader in bringing together small and mid-sized businesses and the companies that serve them through the Internet's largest network of customized industry-specific communities, will provide its content and tools within the Communities section of the Netbusiness Marketplace. The Netbusiness Marketplace, jointly developed by AOL (A division of Time Warner, Inc., New York, NY, www.aol.com) The world's largest online information service with access to the Internet, e-mail, chat rooms and a variety of databases and services. and PurchasePro(r), is a global e-commerce network linking hundreds of communities and marketplaces enabling small, medium and large businesses to buy, sell and interact online. The agreements announced today expand the communities currently participating in the Netbusiness Marketplace. The Netbusiness Marketplace provides the opportunity for companies of all sizes to create specialized spe·cial·ize v. spe·cial·ized, spe·cial·iz·ing, spe·cial·iz·es v.intr. 1. To pursue a special activity, occupation, or field of study. 2. industry-specific marketplaces, providing a convenient one-stop location for buyers and sellers to conduct business online. Fred Singer Siegfried Frederick Singer (born September 27, 1924 in Vienna) is an electrical engineer and physicist. He is best known as President and founder (in 1990) of the Science & Environmental Policy Project, which disputes the prevailing scientific opinion on climate change. , SVP SVP S'il Vous Plaît (French: Please) SVP Senior Vice President SVP Schweizerische Volkspartei (Swiss People~s Party) SVP Society of Vertebrate Paleontology SVP Social Venture Partners SVP St Vincent de Paul of AOL Interactive Services and General Manager of Netscape Netbusiness said, "We are delighted to announce the addition of Travelocity(r) and BizProLink Network to the expanding online trading Online Trading Making trades via the Internet. Notes: The use of online trading increased dramatically in the mid to late 1990's with the advent of high-speed computers and Internet connections. Stocks, bonds, options, futures, and currencies can all be traded online. and information communities available through the Netscape Netbusiness Marketplace. By further expanding the industry-specific and broad-based markets available to buyers and sellers from companies of all sizes, we have increased the effectiveness and relevance of the Netbusiness Marketplace." "Today's announcement is the latest example of continuing to drive companies into the Netbusiness Marketplace," said Chris Benyo, SVP Marketing for PurchasePro(r). "The Netbusiness Marketplace has the power to reshape procurement The fancy word for "purchasing." The procurement department within an organization manages all the major purchases. processes, modify business communications between buyer and seller and enhance channel development for businesses, regardless of size. We hope that the Netbusiness Marketplace will continue to grow, evolving into the country's premiere e-commerce destination." The agreement with Travelocity (www.travelocity.com) the leading travel Web site, providing Internet and wireless information for more than 700 airlines, more than 50,000 hotels and more than 50 car rental companies, follows other strategic marketplace deals recently announced, including those with Hewlett-Packard Company, Homestore.com, Monster.com and Spherion Corporation. Additionally, BizProLink Network (www.bizprolink.com), with its complete range of business services, information and tools will provide extensive vertical industry and community information in the Communities section within the Netbusiness Marketplace providing increased functionality to the Marketplace. Netscape Netbusiness is driving small business membership on the Marketplace through its popular Netbusiness Card, which provides detailed information about each member's products, services, location and industry classification to millions of potential customers online. All current and new Netbusiness Card members are automatically registered in the Marketplace and are also eligible to win one million AOL/AAdvantage Reward miles being offered by Netbusiness as part of a major three-month promotional campaign. About Netscape Netbusiness Launched by AOL and Netscape in September 2000, Netscape Netbusiness (http://netbusiness.netscape.com/) provides a free, one-stop home on the Internet to enable owners of small businesses to better manage both their operations and everyday lives. Netbusiness offers easy-to-use and fully customizable information resources (1) The data and information assets of an organization, department or unit. See data administration. (2) Another name for the Information Systems (IS) or Information Technology (IT) department. See IT. , productivity and communications tools including message boards and custom Netbusiness version of Netscape Instant Messenger AOL's instant messaging service. See AIM and instant messaging. , and a free online presence with the innovative "Netbusiness Card", which enables registered users to create an "online storefront A store on the Internet that offers items for sale and is capable of handling the financial transaction online. See cybermall and digital money. " for free. About PurchasePro(r) PurchasePro(r) (Nasdaq:PPRO), a leader in business-to-business e-commerce, operates the PurchasePro(r) global marketplace, encompassing more than 140,000 businesses and powering hundreds of private-label marketplaces with its highly scalable, browser-based e-commerce engine. PurchasePro's(r) solutions enable businesses of all sizes to easily buy and sell products and services, and compete more effectively by enhancing sales opportunities, reducing procurement costs and greatly increasing employee productivity. PurchasePro(r) provides the following business-to-business e-commerce solutions: e-Procurement for corporate procurement, v-Distributor for online distributors, and e-MarketMaker for Internet market makers. PurchasePro(r) has developed strategic sales and marketing relationships with industry leaders including America Online, Computer Associates, Gateway, Hilton, 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, , and Sprint. The company provides extensive support and training programs. For 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 or visit www.purchasepro.com. This press release includes forward-looking statements forward-looking statement A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections. , which are subject to the "Safe Harbor Safe Harbor 1. A legal provision to reduce or eliminate liability as long as good faith is demonstrated. 2. A form of shark repellent implemented by a target company acquiring a business that is so poorly regulated that the target itself is less attractive. " created by Section 27A of the Securities Act of 1933, as amended a·mend v. a·mend·ed, a·mend·ing, a·mends v.tr. 1. To change for the better; improve: amended the earlier proposal so as to make it more comprehensive. 2. , and Section 21E of the Securities Exchange Act of 1934, as amended. These forward-looking statements (which involve the company's plans, beliefs and goals, refer to estimates or use similar terms) involve certain risks and uncertainties, including the risks and uncertainties associated with rapidly changing technologies such as the Internet, the Internet, the, international computer network linking together thousands of individual networks at military and government agencies, educational institutions, nonprofit organizations, industrial and financial corporations of all sizes, and commercial enterprises risks of technology development and the risks of competition that can cause actual results to differ materially from those in the forward-looking statements. These forward-looking statements represent only the views of certain members of management and do not necessarily represent a consensus of all employees and managers within the company. Moreover, those forward-looking statements are based on limited information available to us now, which is subject to change. It should be clearly understood that the factors and perceptions on which these forward-looking statements are based are highly likely to change over time and that we have no current plan to update these statements. Actual results may differ substantially from what we say today and no one should assume at a later date that the forward-looking statements provided herein are still valid. They speak only as of today. For more information about these risks and uncertainties, see the SEC filings of PurchasePro Inc., including the section titled "Factors That May Affect Results" in its 10-K filing for the period ended December 31, 1999, and its 10-Q for the quarter ended September 30, 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 is a servicemark of PurchasePro.com Inc. All other trademarks or registered trademarks are the property of their respective owners. |
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