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Date Posted: 6/25/2003
Litemark Completes Acquisition of eMarket Software
ng to The Retail Lighting and Flooring Industries
EVANS, Ga., June 16 /PRNewswire/ -- Litemark, Inc. today announced the completion of its acquisition of Connecticut-based Clarus Corporation's (Nasdaq: CLRS - News) eMarket Software application, comprising substantially all of Clarus' remaining e-commerce assets. Under the terms of the agreement, Litemark assumes ownership of the eMarket product, including the source code and all other intellectual properties surrounding the product.
eMarket is a business-to-business (B2B), digital marketplace framework that provides an organization the opportunity to leverage e-commerce solutions to provide value-added services to its customers and create new business opportunities. eMarket enables large numbers of buyers and suppliers to aggregate their buying power, within an open, online platform, and was the first digital marketplace framework designed for Microsoft® Windows® 2000 and Microsoft Commerce Server 2000, leveraging the benefits of the B2B infrastructure delivered with these new Microsoft technologies.
About Litemark, Inc.
Litemark is focused on providing the retail lighting and flooring industries with flexible and affordable e-commerce solutions that enable businesses to implement initiatives faster and more efficiently, helping organizations realize rapid returns on investment. You may view additional information regarding Litemark's product offerings at http://www.litemark.com .
About Clarus Corporation
Clarus Corporation (Nasdaq: CLRS - News; www.claruscorp.com ), formerly a provider of e-commerce business solutions, is seeking to redeploy its substantial cash and cash-equivalent assets to enhance shareholder value.
In this release software 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.
-------------------------------------------------------------------------------- Source: Litemark, Inc.
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