<DOCUMENT>
<TYPE>EX-99.1
<SEQUENCE>2
<FILENAME>v028211_ex99-1.txt
<TEXT>
                                                                    Exhibit 99.1

FOR IMMEDIATE RELEASE

CONTACT
Nigel Ekern
Chief Administrative Officer
Clarus Corporation
(203) 428-2000
nekern@claruscorp.com

                   Clarus Announces Third Quarter 2005 Results

STAMFORD, CONNECTICUT -- November 3, 2005 -- Clarus Corporation (OTC:CLRS) today
announced  financial  results for the quarter ended  September 30, 2005.  Clarus
reported no operating revenues for the quarter ended September 30, 2005 compared
to $1.1 million for the quarter ended September 30, 2004. Net loss for the third
quarter of 2005 was $127,000 or $0.01 per diluted  share  compared to a net loss
of $532,000 or $0.03 per diluted share during the comparable  period of 2004. As
of September 30, 2005, Clarus' cash, cash equivalents and marketable  securities
were $83.3 million (or $4.96 gross cash per share)  compared to $83.5 million as
of December  31, 2004.  Gross cash per share at September  30, 2005 equals cash,
cash  equivalents  and  marketable  securities of $83.3 million  divided by 16.8
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  $218.3
million, $15.2 million, $1.3 million and $53,000, respectively,  which expire in
varying  amounts  beginning  in the year 2009 to the  extent not  limited  under
Section 382 of the Internal Revenue Code.

Nigel Ekern,  Clarus' Chief  Administrative  Officer  stated,  "We are carefully
managing our  administrative  and  professional  expenses in connection with the
continued  administration  of the public  company  and  continue  our efforts to
identify and evaluate suitable  acquisition and merger  opportunities as part of
our  strategy  to  redeploy  our cash  and  utilize  our  NOL's,  to the  extent
available."

Clarus does not currently intend to hold conference  calls to discuss  quarterly
earnings  releases  unless and until it consummates an acquisition in connection
with its  redeployment  strategy.  At such time,  Clarus plans to resume holding
quarterly conference calls to review earnings and operating performance.

Clarus,  formerly a provider of  e-commerce  business  solutions,  is seeking to
redeploy its assets and use its substantial  cash and cash equivalent  assets to
enhance stockholder value.

--------------

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  carryforwards,  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.
<PAGE>

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 "Factors That May Affect Our
Future  Results"  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.

<PAGE>

                               CLARUS CORPORATION
                      CONDENSED CONSOLIDATED BALANCE SHEETS
                                   (UNAUDITED)
               (IN THOUSANDS, EXCEPT SHARE AND PER SHARE AMOUNTS)

<TABLE>
<CAPTION>
                                                                               SEPTEMBER 30,      DECEMBER 31,
                                                                                   2005               2004
                                                                              ---------------    ---------------
                                     ASSETS
<S>                                                                           <C>                <C>
CURRENT ASSETS:
     Cash and cash equivalents                                                $        15,873    $        48,377
     Marketable securities                                                             67,380             35,119
     Accrued interest receivable                                                          235                350
     Prepaids and other current assets                                                    146                182
                                                                              ---------------    ---------------
Total current assets                                                                   83,634             84,028

PROPERTY AND EQUIPMENT, NET                                                             2,080              2,367

OTHER ASSETS:
     Deposits and other long-term assets                                                   43                 42
                                                                              ---------------    ---------------
         TOTAL ASSETS                                                         $        85,757    $        86,437
                                                                              ===============    ===============


            LIABILITIES AND STOCKHOLDERS' EQUITY

CURRENT LIABILITIES:
       Accounts payable and accrued liabilities                               $           606    $         1,468
                                                                              ---------------    ---------------
Total current liabilities                                                                 606              1,468

       Deferred rent                                                                      190                115
                                                                              ---------------    ---------------

Total liabilities                                                                         796              1,583
                                                                              ---------------    ---------------


STOCKHOLDERS' EQUITY:
    Preferred stock, $.0001 par value; 5,000,000 shares authorized; none
      issued                                                                               --                 --
    Common stock, $.0001 par value; 100,000,000 shares authorized;
      16,907,170 and 16,734,947 shares issued and 16,832,170 and 16,659,947
      outstanding in 2005 and 2004, respectively                                            2                  2
    Additional paid-in capital                                                        368,929            368,385
    Accumulated deficit                                                              (280,689)          (279,656)
    Treasury stock, at cost                                                                (2)                (2)
    Accumulated other comprehensive loss                                                 (113)              (130)
    Deferred compensation                                                              (3,166)            (3,745)
                                                                              ---------------    ---------------
Total stockholders' equity                                                             84,961             84,854
                                                                              ---------------    ---------------

     TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY                               $        85,757    $        86,437
                                                                              ===============    ===============
</TABLE>

<PAGE>

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

<TABLE>
<CAPTION>
                                                THREE MONTHS                    NINE MONTHS
                                             ENDED SEPTEMBER 30,             ENDED SEPTEMBER 30,
                                        ----------------------------    ----------------------------
                                            2005            2004            2005            2004
                                        ------------    ------------    ------------    ------------
<S>                                     <C>             <C>             <C>             <C>
REVENUES:
 Services fees                          $         --    $      1,106    $         --    $      1,106
                                        ----------------------------    ----------------------------
  Total revenues                                  --           1,106              --           1,106


OPERATING EXPENSES:
 General and administrative                      714             404           2,501           2,329
 Transaction expenses                             --           1,461              --           1,461
 Depreciation                                     83              86             249             100
                                        ----------------------------    ----------------------------
  Total operating expenses                       797           1,951           2,750           3,890

OPERATING LOSS                                  (797)           (845)         (2,750)         (2,784)
OTHER INCOME                                       2              --              --              17
INTEREST INCOME                                  668             313           1,717             801
                                        ----------------------------    ----------------------------
 NET LOSS                               $       (127)   $       (532)   $     (1,033)   $     (1,966)
                                        ============================    ============================

 Loss per common share:
  Basic                                 $      (0.01)   $      (0.03)   $      (0.06)   $      (0.12)
  Diluted                               $      (0.01)   $      (0.03)   $      (0.06)   $      (0.12)

 Weighted average shares outstanding:
  Basic                                       16,310          16,082          16,283          16,082
  Diluted                                     16,310          16,082          16,283          16,082
</TABLE>

<PAGE>

                               CLARUS CORPORATION
                 CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS
                                   (UNAUDITED)
                      (IN THOUSANDS, EXCEPT SHARE AMOUNTS)

<TABLE>
<CAPTION>
                                                                              NINE MONTHS
                                                                           ENDED SEPTEMBER 30,
                                                                   ----------------------------------
                                                                        2005               2004
                                                                   ---------------    ---------------
<S>                                                                <C>                <C>
OPERATING ACTIVITIES:
Net loss                                                           $        (1,033)   $        (1,966)
Adjustments to reconcile net loss to net cash used in operating
 activities:
 Depreciation on property and equipment                                        249                100
 Amortization of deferred employee compensation                                279                426
 Amortization of premium and discount on securities, net                      (276)               857
 Gain on sale of marketable securities                                          --                (17)
 Changes in operating assets and liabilities:
  Accrued interest receivable, prepaids and other current assets               151                  5
  Accounts payable and accrued liabilities                                    (808)               935
  Deferred revenue                                                              --             (1,106)
  Deferred rent                                                                 75                 78
  Deposits and other long-term assets                                           (1)                (2)
                                                                   ---------------    ---------------
   NET CASH USED IN OPERATING ACTIVITIES                                    (1,364)              (690)

INVESTING ACTIVITIES:
 Purchases of marketable securities                                        (66,588)           (55,091)
 Proceeds from sale of marketable securities                                    --             51,244
 Proceeds from maturity of marketable securities                            34,620             38,258
 Additions to property and equipment                                           (16)            (2,518)
                                                                   ---------------    ---------------
   NET CASH (USED IN) PROVIDED BY INVESTING ACTIVITIES                     (31,984)            31,893

FINANCING ACTIVITIES:
 Proceeds from the exercises of stock options                                  844                 51
                                                                   ---------------    ---------------
   NET CASH PROVIDED BY FINANCING ACTIVITIES                                   844                 51
                                                                   ---------------    ---------------

CHANGE IN CASH AND CASH EQUIVALENTS                                        (32,504)            31,254

CASH AND CASH EQUIVALENTS, Beginning of Period                              48,377             15,045
                                                                   ---------------    ---------------
CASH AND CASH EQUIVALENTS, End of Period                           $        15,873    $        46,299
                                                                   ===============    ===============

SUPPLEMENTAL DISCLOSURE OF NON-CASH FINANCING ACTIVITIES:



Issuance of Restricted Stock                                       $            --    $            50
                                                                   ===============    ===============
</TABLE>
</TEXT>
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