PurchasePro.com (Nasdaq:PPRO – news), the leader in browser-based, business-to-business e-commerce solutions, today announced that foodbuy.com, a leading e-services firm in the foodservice industry, selected the company’s e-MarketMaker solution to power a new, dynamically rich trading exchange for its more than 4,000 foodservice professionals.
Foodbuy.com selected PurchasePro.com over other enablers because of its unique ability to deploy branded e-commerce marketplaces in 45 days or less. Foodbuy.com required rapid deployment to capitalize on its “first-mover” advantage in the development of a $150 billion foodservice e-commerce vertical.
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“With foodbuy.com’s newly expanded e-commerce marketplace, small and large foodservice operators will easily be able to connect with suppliers electronically to efficiently manage their supply chain and procurement activities,” said Scott MacLellan, president and chief executive officer, foodbuy.com.
“Foodbuy.com chose PurchasePro.com because of its speed-to-market reputation and proven experience effectively deploying international e-commerce business-to-business networks.”
E-MarketMaker, PurchasePro.com’s e-commerce enabling solution, will allow foodbuy.com foodservice operators and distributors to place and process supply orders online, ultimately saving members time and money.
“PurchasePro.com’s e-MarketMaker helps companies establish active, robust exchanges faster than any other solution available,” said Christopher Carton, president and chief operating officer with PurchasePro.com. “It is an ideal solution for companies, such as foodbuy.com, who are aiming to establish themselves as ‘super brokers’ in the purchasing market.”
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By GlobalDataFoodbuy.com currently has more than 4,000 operators in its network, along with 60 contracted manufacturers and 240 distributors. Among its group purchasing clients are Morrison Management Specialists Inc., the nation’s second-largest company in healthcare foodservice, the International House of Pancakes chain of restaurants and the U.S. Army Joint Services Prime Vendor Program.
About foodbuy.com
Foodbuy.com, with headquarters in Atlanta, is a leading provider of business-to-business e-commerce services for the $150 billion foodservice marketplace and has a growing group of investors, including CMGI @Ventures, CMGI’s venture capital affiliate (Nasdaq:CMGI – news) and Morrison Management Specialists Inc. (NYSE:MHI – news).
Foodbuy.com has more than $1 billion in aggregated purchasing power and provides technology, purchasing, networking and consulting solutions for more than 4,000 operators, representing all segments of the foodservice industry, including restaurants, hotels, schools, universities, prisons, military bases and healthcare institutions.
Programs offered today include group purchasing, rebate management and compliance auditing, along with customized consulting. For more information on foodbuy.com programs and services visit www.foodbuy.com
bout PurchasePro.com
PurchasePro.com Inc., a leader in Internet business-to-business e-commerce, operates the PurchasePro.com exchange, encompassing more than 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.
PurchasePro.com offers the fastest e-marketplace solutions in the industry, designed for important market segments — e-Procurement for corporate procurement needs, v-Distributor for online distributors, and e-MarketMaker for Internet market makers.
A key element of PurchasePro.com’s strategy is to develop sales and marketing relationships with industry leaders, including AOL, Hilton, IBM, Office Depot Inc. and Sprint Corp. 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
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 Securities and Exchange Commission 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, and its 10-Q filing for the period ended March 31, 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.com is a trademark of PurchasePro.com Inc. All other trademarks or registered trademarks are the property of their respective owners.
