Clarus Corporation (NASDAQ: CLAR) is a holding company which seeks opportunities to acquire and grow businesses that can generate attractive shareholder returns. The Company has a substantial cash balances and net operating tax loss carryforwards which it is seeking to redeploy to maximize shareholder value in a diverse array of businesses. Its operating subsidiaries include Black Diamond Equipment, Ltd., PIEPS GmbH and Sierra Bullets L.L.C. Black Diamond Equipment is a manufacturer of active outdoor equipment and clothing for the climbing, skiing and mountain sports markets. PIEPS is a leading designer and marketer of avalanche beacons and snow safety products. Sierra Bullets is a manufacturer of high-quality bullets targeting outdoor sportsmen. For additional information, please visit the operating subsidiary websites at blackdiamondequipment.com, pieps.com, or sierrabullets.com.