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MGM MIRAGE Announces Development of E-Marketplace Powered by PurchasePro

The MGM MIRAGE marketplace will be powered by PurchasePro (Nasdaq:PPRO), a leading enabler of business-to-business e-commerce solutions for companies of all sizes.

The MGM MIRAGE marketplace will also extend the company's diversity reach, enhancing accessibility to minority and women-owned businesses. MGM MIRAGE marketplace members will connect to a network of more than 7,000 national women and minority-owned businesses, enabling the company to purchase goods and services in the e-commerce industry's only complete buyside/sellside solution.

``MGM MIRAGE has made a commitment to buy from women and minority-owned businesses nationwide,'' said Rick Jones, vice president of purchasing for MGM MIRAGE. ``PurchasePro's leading business-to-business platform furnishes our company with the ability to connect to these businesses from a larger database of suppliers, streamlining our procurement process and ultimately expanding our diversity reach.''

``Through PurchasePro's relationships with minority and women-owned organizations, we allow our member-base to source, buy and sell from diverse businesses throughout the country,'' said Dick Moskal, senior vice president of PurchasePro. ``Our unique e-commerce solution enables MGM MIRAGE and the company's marketplace members to buy an array of supplies and products from industry-leading businesses.''

Additionally, MGM MIRAGE marketplace members will be connected to more than 240 private labeled marketplaces and 25 preferred suppliers in an easy-to-use, e-commerce solution that aggregates the company's procurement spend into a single, e-procurement application. Consequently, maverick spending, expenses and staffing costs will be reduced, ensuring a quick return on investment and improving procedural efficiencies for members.

``MGM MIRAGE is more than a company -- its procurement needs span a vast array of industries and verticals,'' said Geoff Layne, executive vice president of PurchasePro. ``Our e-commerce solution allows MGM MIRAGE to buy supplies and products from ice cream to ice sculptures in an easy-to-use application that enables the company to aggregate its procurement spend and increase its purchasing power.''

MGM MIRAGE marketplace buyers will be able to track, monitor and control purchases. Suppliers of all sizes will be able to integrate into the MGM MIRAGE's marketplace, and also directly benefit from promoting their products and services via online catalogs, classified ads, company profiling, and keyword selections. Additional advantages of the company's marketplace include enhanced sales opportunities and growing opportunities for minority and women-owned businesses.

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