Senior Management Purchases Calico Shares
SAN JOSE, Calif.--(BUSINESS WIRE)--May 10, 2000--Calico Commerce, Inc. (Nasdaq:CLIC - news), a leading provider of eBusiness applications that enable companies to sell over the Web, announced today that Alan Naumann, president and CEO, and Arthur Knapp, chief financial officer, have recently made open market purchases of 150,000 and 35,000 shares of common stock respectively.
``I've taken this opportunity to invest $2.5 million of my own funds to reaffirm my personal belief in Calico's mission and long-term strategy,'' said Alan Naumann. ``We recently launched the Calico Lightning Architecture(TM), shipped Calico Advisor(TM) -- our next generation configuration and recommendation application, and gained significant business momentum this past quarter, winning leading customers like GE Capital, Citibank, UUNet, and Staples.''
``Calico's recent entry into the high growth Net Markets and trading community segment demonstrates our aggressive move to provide a complete end-to-end e-Commerce solution and our commitment to grow our business and build shareholder value,'' commented Arthur Knapp, chief financial officer.
After this purchase, Naumann owns approximately 4.7 percent of the Company's outstanding common stock and Knapp, who previously purchased 30,000 shares in January 2000, now has invested $1.7 million to purchase the 65,000 shares or approximately .2 percent of the outstanding shares.
About Calico Commerce, Inc.
Calico Commerce, Inc. provides an eBusiness application suite that enables leading corporations to sell products and services via the Web, through existing channels and in Net Markets. Calico's open-standards eBusiness applications match unique customer needs to products to drive revenue growth, increase customer satisfaction and achieve competitive advantage. Calico customers include leaders in high-technology hardware, manufacturing, telecommunications services, financial services, home furnishings, chemicals, agriculture and retail. Calico Commerce, Inc., headquartered in San Jose, can be found on the World Wide Web at www.calico.com.
Except for the historical information contained herein, some of the matters discussed in this news release contain forward-looking statements that involve substantial risks and uncertainties. The following factors, among others, could cause the Company's actual results to differ materially from those described in these forward-looking statements: demand for the Company's products, the level of service and price competition, the ability of the Company to develop and market new and existing products, ongoing introduction of new and enhanced products by competitors, the concentration of revenues in the last weeks of a given quarter and those other factors described in the Company's Registration Statement on Form S-1 and other public reports filed with the Securities and Exchange Commission. |
