Clarus and Marex.com Anchor First B2B Portal for the Marine Industry.Business Editors ATLANTA--(BUSINESS WIRE)--April 26, 2000 Marex.com selects Clarus eProcurement to extend reach of its 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 services 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) e-Commerce solution provider, announced its Clarus(tm) eProcurement solution has been selected by Marex.com (OTC OTC See: Over-the-counter. OTC See over-the-counter market (OTC). BB: MRXX) as a component of its marine industry B2B portal. Marex.com is integrating technologies to provide comprehensive procurement services to a vast network of buyers and sellers, including boat builders Boat Builders redirects here. That is also the name of a 1938 Disney cartoon, shown before a presentation of Meet The Robinsons. Fishing boats
Marex.com's marketplace leverages the distinct advantages of the Clarus eProcurement solution including its open, interoperable ClarusDirect(tm) architecture. The partnership enables Marex.com to combine this open architecture as a component of its proprietary solutions, providing a unique procurement service offering which addresses the needs of the entire marine industry supply chain. The new offering streamlines procurement and processing costs, increases the productivity of sellers, distributes just-in-time product information to buyers and expands the market reach. "The selection of our solutions by Marex.com is further proof of the strong momentum we have established to help power and enable digital marketplaces," said 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. "The marine industry is an enormous vertical market that will benefit from the expertise of Marex.com and its ability to leverage the distinct advantages of Clarus' direct, open B2B model." In evaluating various technologies, Marex.com chose the Clarus B2B e-commerce (Business to Business Electronic-COMMERCE) Refers to one business selling to another business via the Web. See e-commerce. solution because it offers both leveraged trading services and granted Marex.com independent control of its marketplace. In addition, the ClarusDirect architecture is also designed to avoid bottlenecks and the costs associated with central trading hubs. "Marex.com will leverage the advantages of the ClarusDirect architecture to automate transactions, aggregate information and provide related procurement services to its customers," said Tim Richardson Tim Richardson, author of Sweets: The History of Temptation, is the world's first international confectionery historian. He also writes about gardens, landscape and theatre, and contributes to the Daily Telegraph, Country Life, The Idler, , Chief Information Officer of Marex.com. "This new offering is in line with Marex.com's requirement for an independent marketplace framework, enabling us to leverage our marine industry expertise, as well as create new business efficiencies through differentiated B2B e-commerce solutions." About Marex.com Based in Miami, Marex.com is the largest business-to-business (B2B) e-commerce company serving the marine industry. Marex.com has developed a proprietary set of procurement solutions that together address the entire marine industry purchasing lifecycle, from planning through procurement to liquidation. For more information, visit www.marex.com. This release contains forward-looking statements, which are made pursuant to the safe harbor Safe Harbor 1. A legal provision to reduce or eliminate liability as long as good faith is demonstrated. 2. A form of shark repellent implemented by a target company acquiring a business that is so poorly regulated that the target itself is less attractive. provisions of the Private Securities Litigation Reform Act The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and of 1995. These forward-looking statements involve risks and uncertainties that could cause actual results to differ materially from the forward-looking statements. Those risks include, but are not limited to Marex.coms ability to manage growth, acceptance of the Internet as a means for commerce, market demand for e-commerce, Marex.coms ability to recruit and retain qualified management and employees, the Companys ability to obtain future financing for its operations, as well as other Risk Factors set forth in Marex.coms Form 10-KSB on file with the SEC at http://www.sec.gov. All forward-looking statements should be considered in light of these risks and uncertainties. About Clarus Atlanta-based Clarus Corporation (www.claruscorp.com; NASDAQ: CLRS), a leader in business-to-business (B2B) e-Commerce, provides Web-based 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 services that exploit the global marketplace of the Internet to manage corporate purchasing and enable digital marketplaces. Clarus is the clear alternative in B2B e- commerce supporting the open, direct Internet model based on the ClarusDirect(tm) architecture. This architecture directly connects buyers and suppliers to maximize cost savings, improve procurement efficiencies, and create new revenue opportunities for large and mid-sized companies. Clarus solutions leverage its SupplierUniverse trading network for managed content, trading services and supplier integration. Clarus solutions are being deployed at customer sites including Cinergy, Comcast Corporation, First Data 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 Parsons Brinckerhoff (PB) is a planning, engineering, program and construction management organization. The company has been involved in planning and designing some of the world's largest public works projects, such as Boston's Big Dig, Britain's rail system Network Rail; , 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. and Wachovia. THIS PRESS RELEASE CONTAINS FORWARD-LOOKING STATEMENTS WITHIN THE MEANING OF SECTION 27A OF THE SECURITIES ACT OF 1933 AND SECTION 21E OF THE SECURITIES EXCHANGE ACT OF 1934. ACTUAL RESULTS COULD DIFFER MATERIALLY FROM THOSE PROJECTED IN THE FORWARD-LOOKING STATEMENTS AS A RESULT OF CERTAIN RISKS INCLUDING THAT THE BUSINESS OR PROSPECTS EXPECTED BY THE COMPANY AS A RESULT OF THIS ANNOUNCEMENT MAY NOT OCCUR. FORWARD-LOOKING STATEMENTS CONTAINED IN THIS PRESS RELEASE ARE ALSO SUBJECT TO OTHER RISKS AND UNCERTAINTIES, INCLUDING THOSE DISCLOSED IN OUR REGISTRATION STATEMENT ON FORM S-3 FILED WITH THE SECURITIES AND EXCHANGE COMMISSION ON 2/7/2000. Clarus and SupplierUniverse 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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