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EXHIBIT 99.1
CAM COMMERCE SOLUTIONS
17520 Newhope Street
Fountain Valley, CA 92708
CAM COMPLETES FUNDING IN EQUITY PRIVATE PLACEMENT
FOR IMMEDIATE RELEASE JULY 18, 2000
CONTACT: MATHEW HAYDEN, PRESIDENT
HAYDEN COMMUNICATIONS
843-272-4653
(FOUNTAIN VALLEY, CA) CAM Commerce Solutions, Inc. (NASDAQ:CADA), formerly CAM
Data Systems, Inc., today announced that the $8 million private placement of
common stock first announced on March 28, 2000 has been completed per the
original agreement. Anegada Fund, Ltd., Tonga Partners, L.P. and The Cuttyhunk
Fund Limited purchased the final $2 million of common stock and related
warrants. As a result of the completion of the financing the company currently
has approximately $12.5 million in cash or $4.15 per share in cash which it
intends to use part of to more aggressively grow its customer base and enhance
its market position
ABOUT CAM COMMERCE SOLUTIONS
CAM Commerce Solutions (formerly CAM Data Systems, Inc.), provides total
commerce solutions for traditional as well as web retailers that are based on
the company's open architecture software products for managing inventory, point
of sale, sales transaction processing, and accounting. These solutions often
include hardware, installation, training, service, and consulting provided by
the Company. You can visit CAM Commerce Solutions at www.camcommerce.com
IMPORTANT INFORMATION
The statements made in this press release could be forward looking statements
based on expectations that involve a number of risks and uncertainties. The
factors that could cause actual results to differ materially include the
following: economic conditions; competitive factors and pricing pressures;
changes in product mix; technological developments affecting the company's
operations, market, products; and other factors discussed in the company's
filings with the Securities and Exchange Commission.
