LAS VEGAS, Dec. 11, 2000 (PRIMEZONE) -- PurchasePro (Nasdaq:PPRO), a leading enabler of business-to-business e-commerce solutions for companies of all sizes, today announced the appointment of the company's Vice President and Associate General Counsel, Scott Wiegand, to senior vice president and general counsel.
"As PurchasePro continues to enjoy exponential growth and experience a tremendous increase of marketplace purchases, we have become very dependent on our general counsel to protect, guide, and direct our legal matters," said Shawn McGhee, chief operating officer of PurchasePro. "Wiegand's experience with corporate transactions and securities laws has proven vital in implementing many of the company's strategic initiatives."
An attorney experienced in mergers and acquisitions, securities and corporate finance, and commercial transactions, Wiegand has been with the company since July and proven integral in recent initiatives including the acquisition of the Stratton Warren Software Company and the completion of the company's alliances with Gateway and Computer Associates.
Prior to joining PurchasePro, Wiegand practiced law in Cincinnati, Ohio with Dinsmore & Shohl LLP. Wiegand is a graduate of Cornell Law School.
About PurchasePro
PurchasePro (Nasdaq: PPRO), a leader in business-to-business e-commerce, operates the PurchasePro global marketplace, encompassing more than 30,000 businesses, and powers approximately 240 private-label marketplaces with its highly scalable, browser-based e-commerce engine.
PurchasePro's 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 responds to the most common corporate needs: e-Procurement for corporate procurement needs, v-Distributor for online distributors, and e-MarketMaker for Internet market makers.
PurchasePro has developed strategic sales and marketing relationships with industry leaders including America Online, Computer Associates, Gateway, Hilton, Office Depot, and Sprint. The company provides extensive support and training programs. For information, call toll free at 1-888-830-4600 or in Las Vegas at 702-316-7000 or visit www.purchasepro.com.
This press release includes forward-looking statements which are subject to the "Safe Harbor" created by Section 27A of the Securities Act of 1933, as amended, 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 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 upon 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 entitled "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 Website, 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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CONTACT: PurchasePro, Las Vegas
Matthew Brimhall, (702) 316-7000 (Media)
matthew.brimhall@purchasepro.com
Shandwick International
Eryka Jackson, (310) 785-9002 (Media)
ejackson@shandwick.com
PurchasePro
Keith Jensen, (702) 316-7000 (Investors)
keith.jensen@purchasepro.com