Clarus Corporation Comfortable with Q4 Wall Street Projections.Business Editors ATLANTA--(BUSINESS WIRE)--Dec. 20, 1999 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, said today it expects fourth-quarter financial results will meet or exceed analysts' projections. The Atlanta-based company said its outlook for fiscal 2000 was "favorable" as well. The Wall Street consensus estimate for the fourth quarter is a loss of $.62 cents per share Cents per share The amount of a mutual fund's dividend or capital gains distributions that a shareholder will receive for each share owned. , according to according to prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. First Call/Thomson Financial, which tracks earnings data. The average of the analysts' estimates for fourth quarter revenue is $3.5 million. "We believe we are going to close 1999 in a strong fashion and carry good momentum into 2000. We expect to build significant backlog this quarter as well," said Steve Jeffery, chairman and chief executive officer of Clarus. "In addition, we have made significant progress in our global expansion plans." About Clarus Atlanta-based Clarus Corporation (www.claruscorp.com; NASDAQ: CLRS) a leader of the Free Trade model, provides B2B e-commerce (Business to Business Electronic-COMMERCE) Refers to one business selling to another business via the Web. See e-commerce. applications that leverage the global marketplace of the Internet, enabling organizations to gain control of their operational resources and conduct business directly with their suppliers. The Clarus Commerce solutions are based upon an open Internet model, leveraging industry standards, Microsoft technologies and channel partners to connect large populations of employees, management and suppliers with continuous planning, monitoring and control of resources, which can result in a dramatic impact on the bottom line. Clarus delivers its e-commerce solutions via direct and indirect channels and offers its innovative "Zero Capital" model to service very large to medium and small sized companies. The company's flagship product A primary product of a company, which is typically why the company was founded and/or what made it well known. For example, MS-DOS, Windows and the Microsoft Office suite have been flagship products of Microsoft. CorelDRAW is a flagship product of Corel Corporation. , Clarus eProcurement, is being deployed at customer sites including AirTouch, MasterCard International, MetLife, Perot Systems Perot Systems Corporation NYSE: PER is an information technology services provider based in Plano, Texas. Peter Altabef has served as president, chairman, and chief executive officer since 2004. , First Data Corporation and Parsons Brinckerhoff. 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. 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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