Science & Technology
Science and Technology
Science and Technology
Thu, June 17, 2010 
SALT LAKE CITY--([ BUSINESS WIRE ])--Clarus Corporation (Nasdaq: BDE) (the aCompanya), a leading developer, manufacturer and distributor of outdoor equipment and lifestyle products, today announced that its senior management team and Board of Directors will preside over the NASDAQ closing bell ceremony on Monday, June 21, 2010 at 4:00 p.m. to celebrate the Company's recent listing on the NASDAQ Global Market. The Company's common stock began trading on the NASDAQ Global Market on Friday, June 11, 2010 under the trading symbol "BDE."
Warren B. Kanders, the Executive Chairman of the Company said, aIt is an honor to ring the NASDAQ closing bell and to celebrate the inauguration of this newly formed public company platform. We are excited to leverage our strong position in the marketplace, our expanded and capable management team, and the power of our balance sheet to capitalize on the many growth opportunities that exist for this company. We are pleased to celebrate our new listing on the NASDAQ Global Market, which we expect will provide our company additional visibility and improved liquidity as we continue to move forward.a
The Company also noted that it intends to seek the approval of shareholders to change its name to aBlack Diamond Equipmenta during its annual meeting to be held in Salt Lake City, Utah on August 5, 2010.
In addition, the Company will be hosting a meet-and-greet cocktail reception by invitation only, at The Explorers Club following the NASDAQ closing bell ceremony. Please email Laurie Chute at [ laurie.chute@icrinc.com ] for further details.
About The Company
Clarus Corporation is a leading provider of outdoor equipment and lifestyle products. The Companya™s principal brands are Black Diamond Equipment® and Gregory Mountain Products®. The Company develops, manufactures and distributes a broad range of products including carabiners, protection devices, belay and rappel equipment, helmets, ropes, ice-climbing gear, backcountry gear, technical backpacks, high-end day packs, tents, trekking poles, gloves, skis, ski bindings and ski boots. Headquartered in Salt Lake City, Utah, the Company has more than 475 employees worldwide, with ISO 9001 manufacturing facilities in Salt Lake City and southeast China, a distribution center in Germany and a sales and marketing office located outside Basel, Switzerland. For more information about us and our brands, please visit [ www.claruscorp.com ], [ www.blackdiamondequipment.com ], and [ www.gregorypacks.com ].
Forward Looking Statements
This press release includes aforward-looking statementsa within the meaning of the Private Securities Litigation Reform Act of 1995. Clarus may use words such as aanticipates,a abelieves,a aplans,a aexpects,a aintends,a afuture,a awill,a and similar expressions to identify forward-looking statements. These forward-looking statements involve a number of risks, uncertainties and assumptions which are difficult to predict. Clarus cautions you that any forward-looking statement is not a guarantee of future performance and that actual results could differ materially from those contained in the forward-looking statement. Examples of forward-looking statements include, but are not limited to: (i) statements about the benefits of Clarusa™ acquisitions of Black Diamond and Gregory, including future financial and operating results that may be realized from the acquisitions; (ii) statements of plans, objectives and expectations of Clarus or its management or Board of Directors; (iii) statements of future economic performance; and (iv) statements of assumptions underlying such statements and other statements that are not historical facts. Important factors that could cause actual results to differ materially from those indicated by such forward-looking statements include, but are not limited to: (i) our ability to successfully integrate Black Diamond and Gregory; (ii) our ability to realize financial or operating results as expected; (iii) material differences in the actual financial results of the mergers compared with expectations, including the impact of the mergers on Clarusa™ future earnings per share; (iv) economic conditions and the impact they may have on Black Diamond and Gregory and their respective customers or demand for products; (v) our ability to implement our acquisition growth strategy or obtain financing to support such strategy; (vi) the loss of any member of our senior management or certain other key executives; (vii) our ability to utilize our net operating loss carry forward; and (viii) our ability to adequately protect our intellectual property rights. Additional factors that could cause Clarusa™ results to differ materially from those described in the forward-looking statements can be found in the aRisk Factorsa section of Clarusa™ filings with the Securities and Exchange Commission, including its latest annual report on Form 10-K and most recently filed Forms 8-K and 10-Q, which may be obtained at our web site at [ www.claruscorp.com ] or the Securities and Exchange Commissiona™s web site at [ www.sec.gov ]. All forward-looking statements included in this press release are based upon information available to Clarus as of the date of this press release, and speak only as the date hereof. We assume no obligation to update any forward-looking statements to reflect events or circumstances after the date of this press release.
