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BtoB

America Online, PurchasePro.com to create b-to-b exchange

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Dulles, Va.--America Online Inc. and PurchasePro.com will build a b-to-b exchange that will function across America Online's proprietary network, AOL.com, CompuServe and Netscape Netcenter. The exchange will launch by second quarter and be built with Las Vegas-based PurchasePro.com Internet software. Additionally, PurchasePro.com will distribute a co-branded version of America Online's instant messenger service on PurchasePro.com's site, allowing for real-time communication between buyers and suppliers. America Online and PurchasePro.com will share transaction and ad revenues; further financial details were not disclosed.
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