PurchasePro.com Announces 'Wireless E-Commerce' Strategy
Industry Leader to Enable Wireless E-Commerce Through Mobile Phones, PDAs and Pocket PCs
LAS VEGAS / May 25, 2000--
In addition, PurchasePro.com intends to establish strategic alliances with leading handheld device manufacturers to become their wireless B2B solution. PurchasePro.com's wireless strategy will begin rolling out in the third quarter of 2000.
"PurchasePro.com plans to lead the industry in deploying a complete wireless e-commerce solution to achieve unprecedented operational efficiencies for businesses large and small," said Charles E. Johnson Jr., chairman and CEO of PurchasePro.com.
"Our goal is to enable a world where businesses and their employees can conduct e-commerce transactions quickly and easily wherever they are, 24/7, and wireless technology allows PurchasePro.com to be anywhere they are," Johnson added.
Chief Technology Officer Michael Ford added, "The technological advances in wireless communications significantly increase the need for mobile connectivity to e-marketplace solutions. PurchasePro.com intends to emerge as the platform-independent enabler of choice for wireless e-commerce applications."
Mobile Phone Solution
Wireless industry experts predict that mobile phone use will grow from 300 million today to one billion by 2004. To equip mobile phone users with e-commerce capabilities, PurchasePro.com will roll out its first wireless solution in the third quarter of 2000.
PurchasePro.com's mobile phone strategy includes buy-side and sell-side solutions such as the notification and approval/denial of requisitions and purchase orders, viewing of bid responses, and limited purchase order creation functionality. These functions are currently in Alpha-testing.
By the first quarter of 2001, PurchasePro.com will add enhanced purchase order creation tools, an auction/bidding function, and customizable Web content offering stock quotes, news and other information.
PDA/Pocket PC Solution
Immediately following its launch into mobile phones, PurchasePro.com will roll out its e-commerce strategy for PDAs and pocket PCs in the fourth quarter of 2000 with the same rich functionality as its mobile phone solution.
As with mobile phones, enhanced features will be added in the first quarter of 2001, with one unique addition – an AOL/PurchasePro.com instant messenger function, created as a result of the two companies' strategic e-commerce partnership – will allow PurchasePro.com members to instantly communicate with potential buyers and sellers anywhere at anytime.
Today, PurchasePro.com powers 155 e-marketplaces, the most in the industry, connecting businesses across horizontal and vertical markets within a secure network environment. PurchasePro.com also hosts a public exchange encompassing 21,000 businesses, providing members with an instant audience – thousands of buyers and suppliers are running PurchasePro.com on their desktops and ready to buy or sell at any given moment.
Companies joining PurchasePro.com's e-marketplaces and public exchange experience the only complete buy- and sell-side solution on the market today. Members can save an average of 15 to 20 percent on procurement costs while simultaneously creating new selling opportunities as the PurchasePro.com network of businesses grows.
PurchasePro.com's private labeled e-marketplace solutions and public exchange are hosted on secure servers meeting the highest standards of uptime. As a browser-based solution, PurchasePro.com is instantly available to any business with a desktop computer and Internet connection, and requires no infrastructure investment.
The private labeled e-marketplaces and public exchange are also easily integrated with existing ERP and legacy systems, and feature full business purchasing and sales functionality.
PurchasePro.com, a leader in Internet business-to-business e-commerce, operates the PurchasePro.com exchange encompassing approximately 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.
A key element of PurchasePro.com's strategy is to develop sales and marketing relationships with industry leaders including AOL, IBM, Sprint Corp., and Office Depot Inc. 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.
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.
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 SEC 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, which is available from the company on request and on the Internet at the SEC's Web site, www.sec.gov.