LAS VEGAS— PurchasePro said that Richard Clemmer, CEO, and Mark Donachie, CFO, have initiated stock purchase programs for their personal accounts. Clemmer said, “Because of my strong confidence in PurchasePro, as well as in response to the voice of our shareholder base, I am accelerating my previously stated plans to purchase stock in the company on the open market. I intend to initially accumulate an additional 100,000 shares of PurchasePro stock over the next two weeks.” Donachie said his intention is to purchase stock in PurchasePro equivalent to 10% of his base salary. “I believe strongly in this company, its management team and our ability to achieve our objective of profitability. My purchases will be made in two parts, one this week and one after the first of the year,” he said.
