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EXHIBIT 99.1
CAM COMMERCE SOLUTIONS, INC.
17520 Newhope Street
Fountain Valley, CA 92708
CAM ADDS 6,000+ NEW CUSTOMERS WITH MICROBIZ ACQUISITION
FOR IMMEDIATE RELEASE
MONDAY, AUGUST 7, 2000
CONTACT: DAVID FROSH, PRESIDENT
CAM COMMERCE SOLUTIONS, INC.
714-241-9241 EXT. 282
(Fountain Valley, CA)-- CAM Commerce Solutions (NASDAQ: CADA) today announced
that on August 4th the Company closed on an acquisition of 100% of the
outstanding shares of MicroBiz, Inc. of Mahwah, NJ. MicroBiz is a leading
provider of Windows based point of sale and inventory management systems for
single store retailers. MicroBiz is a privately held company, in business since
1985, with more than 6,000 customers who actively utilize its software. For its
fiscal year ended June 30th, 2000 MicroBiz realized revenues of $4 million. This
reflected 25% top line growth over the prior fiscal year.
"Rapidly increasing the size of our customer base has been one of our most
important objectives", stated Geoff Knapp, CEO of CAM Commerce Solutions. "When
we raised $8 million through the recent private placement, MicroBiz was exactly
the type of acquisition opportunity we were looking for in order to meet this
objective. They have the largest customer base we are aware of for single store
retailers. With the addition of more than 6,000 new customers, the total number
of retailers using CAM software products to manage their business will be over
10,000 with over 14,000 stores. We intend to immediately incorporate our
upcoming NDC credit card processing option into the MicroBiz software along with
similar initiatives that provide for recurring revenue opportunities. We plan to
operate MicroBiz as a wholly owned subsidiary, keeping its established brand
intact, while sharing marketing and lead generation resources as well as
realizing operating efficiencies. Interestingly enough, although MicroBiz
generated more than 10,000 sales leads through its marketing efforts last year,
there was very little cross over with our own marketing efforts. This makes the
MicroBiz acquisition that much more appealing to CAM".
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"For MicroBiz customers, this is a big win", stated Craig Aberle, President of
MicroBiz. "CAM has conveyed their intent to fund additional product development
efforts and to continue enhancing and supporting our primary products, along
with providing our customers with new software options to better manage their
business and take advantage of new sales channels. MicroBiz customers who grow
to multiple stores and/or who outgrow the MicroBiz product will soon have the
option of upgrading seamlessly to CAM's software platforms for multi-store
retailers and larger single store retailers. Furthermore, MicroBiz customers and
employees will benefit greatly from having the leading company in our industry
behind MicroBiz products and services".
ABOUT CAM COMMERCE SOLUTIONS
CAM Commerce Solutions, 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 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.
