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file | filename |
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8-K - Clarus Corp | v208768_8k.htm |
EX-3.1 - Clarus Corp | v208768_ex3-1.htm |
EXHIBIT
99.1
Clarus
Corporation Changes Name to Black Diamond, Inc.
Salt Lake City, UT, (January 21,
2011) – Clarus Corporation (NASDAQ: BDE) (the “Company”), a leading
provider of outdoor equipment and lifestyle products, announced today that, at a
special meeting of stockholders held on January 20, 2011, the Company’s
stockholders approved an amendment to the Company’s Amended and Restated
Certificate of Incorporation to change the Company’s name from Clarus
Corporation to Black Diamond, Inc. The Company noted that its stock
ticker symbol, BDE, and listing on The NASDAQ Global Market would not be
affected by this change.
Peter
Metcalf, Chief Executive Officer of Black Diamond, Inc., commented, “We are very
proud and pleased that our Company, which we believe will ultimately encompass
many brands and serve many outdoor communities, will bear the name of Black
Diamond. Over the past three decades, we have worked to make that
name synonymous with sports we serve and the lifestyles we
represent. We are excited to carry that ethos forward into a larger,
more capable organization and believe it is an essential aspect of our
leadership position in the outdoor marketplace.”
For more
information, please visit www.BlackDiamond-Inc.com
About
Black Diamond, Inc.
Black
Diamond, Inc. is a leading provider of outdoor recreation equipment and active
lifestyle products. The Company’s principal brands are Black Diamond™ and
Gregory Mountain Products®. The Company develops, manufactures and globally
distributes a broad range of products including: rock-climbing
equipment (such as carabiners, protection devices, harnesses, belay and devices,
helmets, ice-climbing gear), technical backpacks and high-end day packs, tents,
trekking poles, headlamps and lanterns, gloves and mittens, skis, ski bindings,
ski boots, ski skins and avalanche safety equipment. Headquartered in Salt Lake
City, Utah, the Company has more than 475 employees worldwide, with ISO 9001
manufacturing facilities both in Salt Lake City and Southeast China as well as a
sewing plant in Calexico, California, distribution centers in Utah and Southeast
China, a marketing office in Yokohama, Japan, and a fully owned
sales, marketing and distribution operation for Europe, located near Basel,
Switzerland.. For more information about us and our brands, please
visit www.blackdiamond-inc.com, www.blackdiamondequipment.com, and
www.gregorypacks.com.
Page 2
Forward
Looking Statements
This
press release includes “forward-looking statements” within the meaning of the
Private Securities Litigation Reform Act of 1995. The Company may use words such
as “anticipates,” “believes,” “plans,” “expects,” “intends,” “future,” “will,”
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. The Company 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 the Company’s
acquisitions of Black Diamond Equipment, Ltd. (“Black Diamond
Equipment”) and Gregory Mountain Products, Inc. (“Gregory”), including future
financial and operating results that may be realized from the acquisitions; (ii)
statements of plans, objectives and expectations of the Company 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 Equipment 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 the Company’s future earnings per share;
(iv) economic conditions and the impact they may have on Black Diamond Equipment
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 the Company’s
results to differ materially from those described in the forward-looking
statements can be found in the “Risk Factors” section of the Company’s 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.BlackDiamond-Inc.com
or the Securities and Exchange Commission’s web site at www.sec.gov. All
forward-looking statements included in this press release are based upon
information available to the Company 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.
COMPANY
CONTACTS:
Black Diamond, Inc.
Warren B.
Kanders
Executive
Chairman
203-428-2000
warren.kanders@bdel.com
Black
Diamond, Inc.
Peter
Metcalf
Chief
Executive Officer
801-278-5552
peter.metcalf@bdel.com
INVESTOR
RELATIONS CONTACT:
ICR,
Inc.
James
Palczynski
Principal
and Director
203-682-8229
jp@icrinc.com
Page 3
MEDIA
CONTACT:
James
McCusker
Vice
President
203-682-8245
James.McCusker@icrinc.com
Bo
Park
Managing
Director
917-596-4353
bo.park@icrinc.com