Clarus Announces Guidance On Its First Quarter.Business Editors ATLANTA--(BUSINESS WIRE)--April 3, 2001 Clarus Corporation (NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on : CLRS CLRS Center for Labor Research and Studies CLRS Central Launch and Recovery Section CLRS Claims Legal Research System ), a leading business-to-business (B2B (Business to Business) Refers to one business communicating with or selling to another. See B2B e-commerce, B2C and B2G. B2B - business to business ) e-commerce solution provider for large to medium-sized enterprises (LME See London Metal Exchange. LME See London Metal Exchange (LME). ), today announced total revenues for the quarter are expected to be below the range of analyst expectations. Loss per share from operations, however, is expected to be in line with the First Call consensus estimates. Clarus expects to report total revenue of approximately $4.5 million. Loss per share from operations is expected to be in line with the First Call consensus of $0.97. "New customer traction in the quarter was strong, up 30 percent over the fourth quarter with an emphasis on Clarus eProcurement(TM) sold into traditional companies. Total production and backlog growth were in line with our expectations. The transition of our business model to ratable That which can be appraised, assessed, or adjusted through the application of a formula or percentage. Ratable property is that which is taxable or capable of being appraised or assessed. ratable adj. recognition is ahead of what we planned," stated Steve Jeffery, president and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. of Clarus. "We remain optimistic about our ability to proceed on our path to profitability through leveraging our existing infrastructure as well as through the management of costs and the protection of our strong balance sheet." A conference call for analysts and investors will be held at 8:30 a.m. EST EST electroshock therapy. EST abbr. electroshock therapy on Wednesday, April 4, 2001. To access the call, dial 1-888-390-6125 with a passcode of "CLARUS." International callers can access the call by dialing 1-712-271-3985. Alternatively, the call can be accessed via the web at www.claruscorp.com/investor. Clarus will announce its first quarter results on April 25, 2001. A conference call for analysts and investors will be held at 5 p.m. EST. Information pertaining to the call may be found at www.claruscorp.com/investor, or by dialing 770-291-5301. About Clarus Atlanta-based Clarus Corporation (www.claruscorp.com; NASDAQ: CLRS), a leader in business-to-business (B2B) e-commerce, provides B2B procurement software Procurement software is business software that helps to automate the purchasing function of organizations. Activities including raising and approving purchase orders, selecting and ordering the product or service, receiving and matching the invoice and order, and paying the bill is and trading services that exploit the global marketplace of the Internet to manage corporate purchasing and enable digital marketplaces. Clarus solutions provide a complete online procurement solution from sourcing to procurement to payment settlement. Clarus delivers open, interoperable software solutions designed to make transacting business online more efficient for its customers. Clarus solutions are built on the latest Microsoft technology platforms and were recognized for technology excellence by being named the Microsoft Global eCommerce Solution of the Year. Clarus solutions are being deployed at customer sites including Burlington Northern Santa Fe Santa Fe, city, Argentina Santa Fe, city (1991 pop. 341,000), capital of Santa Fe prov., NE Argentina, a river port near the Paraná, with which it is connected by canal. Corp., Comcast Corporation, Gjensidige NOR Gjensidige NOR was a Norwegian bank and insurance company that was in existence between 1999 and 2003. The company was created when the two savings banks Sparebanken NOR (bank) and Gjensidige (insurance) were merged in 1999. , MasterCard International, MetLife, Parsons Brinckerhoff, Smurfit-Stone Container Corp. and Wachovia Corp. This press release contains forward-looking statements within the meaning of section 27a of the securities act of 1933 and section 21e of the exchange act. Actual results could differ materially from those projected in the forward-looking statements as a result of certain risks including that the benefits expected by the company as a result of this announcement may not occur. Clarus, Clarus eProcurement, Clarus View, and Clarus eTour are trademarks of Clarus Corporation. Throughout this release, software and hardware products are mentioned by name. In most if not all cases, these product names are claimed as trademarks by the companies that manufacture the products. It is not our intention to claim these names or trademarks as our own. |
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