FOR IMMEDIATE RELEASE

CONTACT
Philip A. Baratelli
Chief Financial Officer
Clarus Corporation
(203) 428-2000
pbaratelli@claruscorp.com

CLARUS ANNOUNCES 2007 RESULTS

STAMFORD, CONNECTICUT -- MARCH 7, 2008 -- Clarus Corporation (OTC:CLRS) today announced financial results for the quarter and fiscal year ended December 31, 2007. Clarus reported no revenues for the quarter and fiscal years ended December 31, 2007 and 2006. Net loss for the fourth quarter of 2007 was $202,000 or $0.01 per diluted share compared to net income of $16,000 or $0.00 per diluted share during the comparable period of 2006. For the quarter ended December 31, 2007, the increase in net loss was primarily due to higher non-cash stock option related expense and lower interest income from declining interest rates on our cash, cash equivalents and marketable securities, compared to the prior year quarter. Net income for the fiscal year ended December 31, 2007 was $117,000 or $0.01 per diluted share compared to a net loss of $1.3 million or $0.08 per diluted share during the comparable period of 2006. For the fiscal year ended December 31, 2007, the increase in net income was primarily due to a decrease of $1.4 million in transaction expenses and higher interest income for the full year period from rising interest rates year over year, partially offset by non-cash stock option related expense.

As of December 31, 2007, Clarus' cash, cash equivalents and marketable securities were $87.1 million (or $5.01 gross cash per share) compared to $84.4 million as of December 31, 2006. Gross cash per share at December 31, 2007 equals cash, cash equivalents and marketable securities of $87.1 million divided by 17.4 million common shares outstanding. Clarus has provided this Non-GAAP measure because it believes that it is useful to investors assessing the extent of Clarus' assets available for redeployment. Clarus is unaware of any comparable GAAP measure.

Clarus estimates that it has available net operating loss, capital loss, research and experimentation credit and alternative minimum tax credit carryforwards for U.S. federal income tax purposes of approximately $223.1 million, $1.6 million, $1.3 million and $56,000, respectively, which expire in varying amounts beginning in the year 2008, after application of the limitation under Section 382 of the Internal Revenue Code.

Clarus, formerly a provider of e-commerce business solutions, is seeking to redeploy its assets and use its substantial cash, cash equivalent assets and marketable securities to enhance stockholder value. Warren B. Kanders, Executive Chairman of Clarus, stated, “While we recognize that we are currently in a challenging credit market which has made for a more difficult acquisition environment, we believe our cash resources and public company structure provide us a meaningful advantage in pursuing an initial business combination. We are focused on pursuing an acquisition of an established market leader with strong free cash flow generation and minimum EBITDA of $25.0 million and will continue our efforts to redeploy the Company’s assets as expeditiously as reasonably possible. In 2007, our weighted average interest yield was 4.95%. However, due to the decline in interest rates, we expect to incur a net loss in 2008.”

This press release contains forward-looking statements within the meaning of the Securities Act of 1933 and the Exchange Act of 1934. Information in this release includes Clarus' beliefs, expectations, intentions and strategies regarding Clarus, its future and its products and services. Assumptions relating to the forward-looking statements involve judgments with respect to, among other things, future economic, competitive and market conditions and future business decisions, all of which are difficult or impossible to predict accurately and many of which are beyond our control. Actual results could differ materially from those projected in the forward-looking statements as a result of certain risks including our inability to execute successfully our planned effort to redeploy our assets to enhance stockholder value, the unavailability of our net operating loss carry forward, and that the unaudited financial information provided in this press release may be adjusted as a result of the year end audit. Clarus cannot guarantee its future performance. All forward-looking statements contained in this release are based on information available to Clarus as of the date of this release and Clarus assumes no obligation to update the forward-looking statements contained herein.

For further information regarding the risks and uncertainties in connection with Clarus' business, please refer to the "Management's Discussion and Analysis of Financial Condition and Results of Operations" and "Risk Factors" sections of Clarus' filings with the Securities and Exchange Commission, including but not limited to, its most recent annual report on Form 10-K and quarterly reports on Form 10-Q, copies of which may be obtained at our web site at http://www.claruscorp.com or the SEC's web site at http://www.sec.gov.



CLARUS CORPORATION AND SUBSIDIARIES
CONSOLIDATED BALANCE SHEETS
December 31, 2007 and 2006
(In Thousands, Except Share and Per Share Amounts)

ASSETS
          
   
2007
  
2006
  
CURRENT ASSETS:
          
Cash and cash equivalents
  
$
41,886
  
$
1,731
  
Marketable securities
    
45,223
    
82,634
  
Interest receivable
    
15
    
402
  
Prepaids and other current assets
    
175
    
207
  
               
Total current assets
    
87,299
    
84,974
  
               
PROPERTY AND EQUIPMENT, NET
    
1,381
    
1,699
  
               
Total assets
  
$
88,680
  
$
86,673
  
               
LIABILITIES AND STOCKHOLDERS' EQUITY
              
               
CURRENT LIABILITIES:
              
Accounts payable and accrued liabilities
  
$
618
  
$
680
  
Total current liabilities
    
618
    
680
  
               
Deferred rent
    
343
    
277
  
Total liabilities
    
961
    
957
  
               
COMMITMENTS AND CONTINGENCIES
              
               
STOCKHOLDERS' EQUITY:
              
Preferred stock, $.0001 par value; 5,000,000 shares authorized; none issued
    
--
    
--
  
Common stock, $.0001 par value; 100,000,000 shares authorized;
17,441,747 and 17,188,622 shares issued; and 17,366,747 and 17,113,622
outstanding in 2007 and 2006, respectively
    
2
    
2
  
Additional paid-in capital
    
369,827
    
367,945
  
Accumulated deficit
    
(282,121
)
  
(282,238
)
Less treasury stock, 75,000 shares at cost
    
(2
)
  
(2
)
Accumulated other comprehensive gain
    
13
    
9
  
Total stockholders' equity
    
87,719
    
85,716
  
Total liabilities and stockholders' equity
  
$
88,680
  
$
86,673
  
 

CLARUS CORPORATION
CONSOLIDATED STATEMENTS OF OPERATIONS
(IN THOUSANDS, EXCEPT SHARE AND PER SHARE AMOUNTS)

   
THREE MONTHS ENDED
DECEMBER 31,
  
YEARS ENDED
DECEMBER 31,
  
   
2007
  
2006
  
2007
  
2006
  
REVENUES:
                  
License fees
  
$
--
  
$
--
  
$
--
  
$
--
  
Total revenues
    
--
    
--
    
--
    
--
  
                           
OPERATING EXPENSES:
                          
                           
General and administrative
   
1,123
    
973
    
3,767
    
3,530
  
Transaction expense
    
(21
)
  
18
    
(13
)
  
1,431
  
Depreciation
    
89
    
87
    
359
    
346
  
Total operating expenses
    
1,191
    
1,078
    
4,113
    
5,307
  
                           
OPERATING LOSS
    
(1,191
)
  
(1,078
)
  
(4,113
)
  
(5,307
)
OTHER EXPENSE
    
5
    
--
    
6
    
--
  
INTEREST INCOME
    
997
    
1,094
    
4,239
    
4,016
  
NET INCOME (LOSS) BEFORE TAXES
  
$
(199
)
$
16
  
$
120
  
$
(1,291
)
                           
INCOME TAXES
    
3
    
--
    
3
    
--
  
NET INCOME (LOSS)
 
$
(202
)
$
16
  
$
117
  
$
(1,291
)
                           
                           
Net income (loss) per common share:
                          
Basic
 
$
(0.01
)
$
0.00
  
$
0.01
  
$
(0.08
)
Diluted
 
$
(0.01
)
$
0.00
  
$
0.01
  
$
(0.08
)
                           
Weighted average shares outstanding:
                          
Basic
   
16,684
    
16,614
    
16,658
    
16,613
  
Diluted
   
16,684
    
16,958
    
17,051
    
16,613
  
 

CLARUS CORPORATION AND SUBSIDIARIES
CONSOLIDATED STATEMENTS OF CASH FLOWS
Years Ended December 31, 2007 and 2006
(In Thousands, Except Share Amounts)

   
2007
  
2006
  
OPERATING ACTIVITIES:
          
Net income (loss)
 
$
117
  
$
(1,291
)
Adjustments to reconcile net income (loss) to net cash used in operating activities:
              
Depreciation of property and equipment
   
359
    
346
  
Amortization of (discount) and premium on securities, net
   
(2,929
)
  
(2,405
)
Amortization of equity compensation plans
   
444
    
301
  
Changes in operating assets and liabilities:
              
Decrease/(increase) in interest receivable, prepaids and other current assets
   
419
    
(154
)
Decrease in deposits and other long-term assets
   
--
    
956
  
Decrease in accounts payable and accrued liabilities
   
(62
)
  
(781
)
Increase in deferred rent
   
66
    
69
  
Net cash used in operating activities
   
(1,586
)
  
(2,959
)
               
INVESTING ACTIVITIES:
              
Purchase of marketable securities
   
(150,803
)
  
(161,004
)
Proceeds from the sale and maturity of marketable securities
   
191,147
    
142,473
  
Disposal of equipment
   
7
    
--
  
Purchase of property and equipment
   
(48
)
  
(49
)
Net cash provided by (used in) investing activities
   
40,303
    
(18,580
)
               
FINANCING ACTIVITIES:
              
Proceeds from the exercise of stock options
   
1,438
    
--
  
Net cash provided by financing activities
   
1,438
    
--
  
               
CHANGE IN CASH AND CASH EQUIVALENTS
   
40,155
    
(21,539
)
CASH AND CASH EQUIVALENTS, beginning of year
   
1,731
    
23,270
  
CASH AND CASH EQUIVALENTS, end of year
 
$
41,886
  
$
1,731