Ventro Corporation Announces Settlement of Broadlane Dispute

Apr 19, 2001, 01:00 ET from Ventro Corporation

    MOUNTAIN VIEW, Calif., April 19 /PRNewswire/ --
 Ventro(TM) Corporation (Nasdaq: VNTR), a business-to-business (B2B)
 marketplace service provider, today announced that Ventro and Broadlane Inc.
 have settled all issues that have been in dispute between the two companies
 and have severed relationships with each other.
     Under the terms of the agreement, Broadlane will repurchase all of its
 common shares currently owned by Ventro and the parties will resolve all
 disputes relating to amounts owed to Ventro for an aggregate payment to Ventro
 of $11 million.  The payment will be made in the form of a two-year interest
 bearing note of Broadlane which will be guaranteed by Tenet Healthcare
 Corporation.  The agreement is effective immediately.
     "This agreement leaves Ventro free to investigate opportunities using many
 of the assets developed in the course of servicing Broadlane," comments
 David Perry, President and CEO of Ventro Corporation.  "We know the
 opportunity for B2B e-commerce remains enormous and we continue to offer a
 depth of experience in this area unmatched by any other organization."
 
     About Ventro
     Ventro is a technology and service provider to B2B marketplaces.  Ventro
 offers a variety of products and services through its complete marketplace
 solution that take online B2B marketplaces from concept to liquidity.  For
 more information about Ventro, visit www.ventro.com.
     "Safe Harbor" Statement under the Private Securities Litigation Reform Act
 of 1995:  Statements in this press release regarding Ventro's business and
 future plans which are not historical facts are "forward-looking statements"
 that involve risks and uncertainties.  These potential risks and uncertainties
 could cause actual results and events to differ from those contained in the
 forward-looking statements and include, without limitation, Ventro's ability
 to prove its business model, generate revenues and gain operating
 efficiencies, its history of losses, its ability to hire and retain key
 personnel, its reliance on the technology of others, the possible delisting of
 its common stock and its estimates of operating results.  These and other risk
 factors are described in detail in the company's filings with the
 Securities and Exchange Commission.
 
 

SOURCE Ventro Corporation
    MOUNTAIN VIEW, Calif., April 19 /PRNewswire/ --
 Ventro(TM) Corporation (Nasdaq: VNTR), a business-to-business (B2B)
 marketplace service provider, today announced that Ventro and Broadlane Inc.
 have settled all issues that have been in dispute between the two companies
 and have severed relationships with each other.
     Under the terms of the agreement, Broadlane will repurchase all of its
 common shares currently owned by Ventro and the parties will resolve all
 disputes relating to amounts owed to Ventro for an aggregate payment to Ventro
 of $11 million.  The payment will be made in the form of a two-year interest
 bearing note of Broadlane which will be guaranteed by Tenet Healthcare
 Corporation.  The agreement is effective immediately.
     "This agreement leaves Ventro free to investigate opportunities using many
 of the assets developed in the course of servicing Broadlane," comments
 David Perry, President and CEO of Ventro Corporation.  "We know the
 opportunity for B2B e-commerce remains enormous and we continue to offer a
 depth of experience in this area unmatched by any other organization."
 
     About Ventro
     Ventro is a technology and service provider to B2B marketplaces.  Ventro
 offers a variety of products and services through its complete marketplace
 solution that take online B2B marketplaces from concept to liquidity.  For
 more information about Ventro, visit www.ventro.com.
     "Safe Harbor" Statement under the Private Securities Litigation Reform Act
 of 1995:  Statements in this press release regarding Ventro's business and
 future plans which are not historical facts are "forward-looking statements"
 that involve risks and uncertainties.  These potential risks and uncertainties
 could cause actual results and events to differ from those contained in the
 forward-looking statements and include, without limitation, Ventro's ability
 to prove its business model, generate revenues and gain operating
 efficiencies, its history of losses, its ability to hire and retain key
 personnel, its reliance on the technology of others, the possible delisting of
 its common stock and its estimates of operating results.  These and other risk
 factors are described in detail in the company's filings with the
 Securities and Exchange Commission.
 
 SOURCE  Ventro Corporation