Workflow Management Announces a PurchasePro.com Alignment and Intentions for an iGetSmart.com IPO

Business Wire, Nov 2, 1999

PALM BEACH, Fla.--(BUSINESS WIRE)--Nov. 2, 1999--

Workflow Management, Inc. (Nasdaq:WORK) today makes three significant announcements, namely:

-- The Workflow Management Board of Directors has authorized

management to proceed with an initial public offering of the

iGetSmart.com, Inc. subsidiary and subsequent tax-free spin-off to

Workflow's shareholders.

-- The iGetSmart.com business model will include licensing other

printers and print distributors as Value Added Resellers of the

iGetSmart.com print and supply chain management system.

-- A joint venture agreement has been signed with PurchasePro.com,Inc.

(Nasdaq:PPRO), a leading provider of Internet business-to-business

(B2B) services. In it, iGetSmart.com is designated as the Preferred

Provider for print and graphic arts on the rapidly growing

PurchasePro.com B2B network.

Tom D'Agostino, Sr., Chairman and Chief Executive Officer of Workflow Management, commented, "This is a fantastic day for the iGetSmart.com subsidiary and for Workflow shareholders. While, at times, we all wish that we could speed up the process, I'm happy that we've taken the time we did. We remain committed to our responsibility of managing this company for the short and long term. That responsibility includes taking the time we did to develop the business model that would best maximize shareholder value. It also includes seeking out the best strategic relationships for partners in the process. I'm glad to report that we've accomplished those tasks and are proceeding as rapidly as we can."

Mr. D'Agostino, Sr. added, "I'm also excited to be able to announce the PurchasePro.com agreement as the first of many mutually beneficial joint venture relationships. PurchasePro.com is a visionary leader in the electronic B2B marketplace. Combining their team and resources with those of Workflow and iGetSmart.com can only mean fantastic results for both organizations. I look forward to the rapid implementation of our cross promotional efforts."

Under the terms of the PurchasePro.com agreement, Workflow's subsidiary, iGetSmart.com, Inc., will be featured on the PurchasePro.com marketplace as the preferred provider of business printing needs - including corporate stationery, business cards and ad specialty items. Additionally, PurchasePro.com will be prominently featured on the iGetSmart.com website - providing Workflow customers with "click-through" access to the co-branded PurchasePro.com browser-based e-commerce marketplace.

"This strategic alliance with Workflow Management will provide the iGetSmart.com users convenient, browser-based access to the revolutionary PurchasePro.com e-marketplace," said Charles Johnson, Jr., Chairman and Chief Executive Officer of PurchasePro.com, Inc. "Additionally, this agreement will allow us to add Workflow's online custom business printing services to our rapidly expanding e-commerce marketplace network."

Both companies expect this relationship to contribute to increased revenues through cross promotion and cross referral activities, as well as through revenue sharing arrangements.

When asked about the day's announcements, Steve Gibson, Chief Financial Officer of Workflow Management responded, "We see this as an incredibly positive day for Workflow and iGetSmart.com. We will be proceeding as quickly as possible with the intention of completing the initial public offering in the first calendar quarter of 2000. In addition, the Board has directed management to complete a full tax-free spin-off to Workflow's shareholders as soon as is practical following the IPO. We will be making further announcements regarding financial strategies and relationships as early as allowable, within the constraints of federal securities laws."

The foregoing announcements will also be made later this morning at the Prudential Securities Technology Conference in New York City. As recognized leaders in the emerging electronic B2B marketplace, both iGetSmart.com and PurchasePro.com are featured presenters.

About PurchasePro.com, Inc.

PurchasePro.com, Inc. is a leading provider of Internet business-to-business electronic commerce services. The company's e-commerce solution is comprised of public and private "e-marketplaces" where businesses can buy and sell a wide range of products and services in an efficient, competitive and cost-effective manner.

Its target customers are primarily small to medium sized businesses. The company has designed its e-marketplaces to meet the needs of these customers and their large business partners.

A key element of its strategy is to develop sales and marketing relationships. These relationships include Office Depot, Inc., Primavera Systems, DigitalWork, VerticalNet, Zoomtown.com, a Cincinnati Bell subsidiary, the Greater Phoenix Chamber of Commerce and the American Association of Franchisees and Dealers. The Company also provides extensive customer support and training programs.

About Workflow Management, Inc. and iGetSmart.com, Inc.

IGetSmart.com is an "E-Bureau" which provides a wide variety of transactional services that enable "brick and mortar" print manufacturers and distributors to develop E-commerce, "click and mortar" operations.