Ventro Corporation Names David W. Zechnich Chief Financial Officer

Apr 02, 2001, 01:00 ET from Ventro Corporation

    MOUNTAIN VIEW, Calif., April 2 /PRNewswire/ --
 Ventro(TM) Corporation (Nasdaq:   VNTR), a business-to-business (B2B)
 marketplace service provider, today announced the appointment of
 David W. Zechnich as Chief Financial Officer.  Zechnich brings to Ventro over
 22 years of experience in financial, risk and business process management with
 PricewaterhouseCoopers, and most recently served as Vice President and
 Chief Financial Officer at Santa Clara-based Xoriant Corporation.  At Ventro,
 Zechnich will oversee all financial management functions and legal services,
 and help drive the company's growth through financial and strategic planning.
     At Xoriant, a global e-commerce consultancy and solutions provider,
 Zechnich helped the 10-year old company transition to a services business
 model.  As a partner in the Global Risk Management Solutions and Audit
 practices of PricewaterhouseCoopers, Zechnich assisted clients, from small,
 high-growth companies to large, multi-national public corporations including
 Apple Computer, Jardine Matheson, KLA/Tencor, NEC Electronics, Siebel Systems
 and Sun Microsystems, with business risk assessment and mitigation, SEC issue
 consultation, and mergers and acquisitions.  Additionally, he was responsible
 for starting the Silicon Valley Internal Audit practice for
 PricewaterhouseCoopers.  Zechnich graduated from the University of Oregon with
 majors in business and psychology.
     "David has the strategic financial planning experience that Ventro needs
 to manage its business model transition and future growth," said David Perry,
 president and CEO of Ventro Corporation.  "With his solid operational
 background, as well as a professional services orientation and experience
 leading companies through change, David will be an immediate asset to the
 company."
     Commenting on his appointment, Zechnich said, "Ventro's reputation for
 innovation in B2B e-commerce and growth potential make this a great time to
 join the company.  I look forward to helping Ventro achieve its goals."
 
     About Ventro
     Ventro is a builder of and service provider to B2B marketplaces.  Ventro
 offers a variety of products and services through its complete marketplace
 solution that takes online B2B marketplaces from concept to liquidity.  Ventro
 marketplaces include Broadlane(TM), Industria Solutions(TM),
 Amphire Solutions(TM), and MarketMile(TM).  For more information, visit Ventro
 at www.ventro.com.
     NOTE:  Ventro and its mark are trademarks of Ventro Corporation.
 
     "Safe Harbor" Statement under the Private Securities Litigation Reform Act
 of 1995:  Statements in this press release regarding Ventro's business which
 are not historical facts are "forward-looking statements" that involve risks
 and uncertainties.  These potential risks and uncertainties could cause actual
 results to differ from those contained in the forward-looking statements and
 include, without limitation, Ventro's ability to prove its business model and
 gain operating efficiencies, the effects of government regulation, 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 2 /PRNewswire/ --
 Ventro(TM) Corporation (Nasdaq:   VNTR), a business-to-business (B2B)
 marketplace service provider, today announced the appointment of
 David W. Zechnich as Chief Financial Officer.  Zechnich brings to Ventro over
 22 years of experience in financial, risk and business process management with
 PricewaterhouseCoopers, and most recently served as Vice President and
 Chief Financial Officer at Santa Clara-based Xoriant Corporation.  At Ventro,
 Zechnich will oversee all financial management functions and legal services,
 and help drive the company's growth through financial and strategic planning.
     At Xoriant, a global e-commerce consultancy and solutions provider,
 Zechnich helped the 10-year old company transition to a services business
 model.  As a partner in the Global Risk Management Solutions and Audit
 practices of PricewaterhouseCoopers, Zechnich assisted clients, from small,
 high-growth companies to large, multi-national public corporations including
 Apple Computer, Jardine Matheson, KLA/Tencor, NEC Electronics, Siebel Systems
 and Sun Microsystems, with business risk assessment and mitigation, SEC issue
 consultation, and mergers and acquisitions.  Additionally, he was responsible
 for starting the Silicon Valley Internal Audit practice for
 PricewaterhouseCoopers.  Zechnich graduated from the University of Oregon with
 majors in business and psychology.
     "David has the strategic financial planning experience that Ventro needs
 to manage its business model transition and future growth," said David Perry,
 president and CEO of Ventro Corporation.  "With his solid operational
 background, as well as a professional services orientation and experience
 leading companies through change, David will be an immediate asset to the
 company."
     Commenting on his appointment, Zechnich said, "Ventro's reputation for
 innovation in B2B e-commerce and growth potential make this a great time to
 join the company.  I look forward to helping Ventro achieve its goals."
 
     About Ventro
     Ventro is a builder of and service provider to B2B marketplaces.  Ventro
 offers a variety of products and services through its complete marketplace
 solution that takes online B2B marketplaces from concept to liquidity.  Ventro
 marketplaces include Broadlane(TM), Industria Solutions(TM),
 Amphire Solutions(TM), and MarketMile(TM).  For more information, visit Ventro
 at www.ventro.com.
     NOTE:  Ventro and its mark are trademarks of Ventro Corporation.
 
     "Safe Harbor" Statement under the Private Securities Litigation Reform Act
 of 1995:  Statements in this press release regarding Ventro's business which
 are not historical facts are "forward-looking statements" that involve risks
 and uncertainties.  These potential risks and uncertainties could cause actual
 results to differ from those contained in the forward-looking statements and
 include, without limitation, Ventro's ability to prove its business model and
 gain operating efficiencies, the effects of government regulation, 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