New Research Coverage of Click Commerce, Inc.

Crystal Equity Research offers a new reserch report on Click Commerce, Inc. An innovative "software-as-as-service" provider of software solutions for enterprise. The detailed report covers Click Commerce financial performance and its opportunity in the supply chain management market.

NEW YORK, NY,(PRWEB) October 7, 2005 -- Crystal Equity Research, LLC initiated coverage of Click Commerce, Inc. with a buy rating based on based on the unfolding opportunities for software applications for channel and supply chain management in the enterprise. A full text of the report on Click Commerce is available by subscription at www.crystalequityresearch.com. The report includes a detailed earnings model and analysis of financial results, a discussion of accounting topics, and comments on management, governance, products, markets and competition.

Click Commerce, Inc. is a provider of Internet-based business-to-business software solutions for collaborative commerce, compliance automation and supply chain management. The company boasts a presence at over 1,500 enterprises, including Microsoft, Samsung, FedEx, Lucent, Gateway and Deutsche Bank among other reference customers. Recent acquisitions have expanded the product line to include data synchronization and service parts capabilities as well as a compliance-extranet for biomedical researchers. Most importantly the warehouse management solution has been enabled with radio frequency identification (RFID) technology, a must-have in the supply chain market. Early evidence suggests the return on investment of RFID is compelling, yet the technology is just beginning to penetrate the supply chain. Thus we expect growth rates in enterprise supply chain software market to accelerate and Click Commerce to be a beneficiary.

Crystal Equity Research, LLC is an impartial research resource, providing coverage of small capitalization companies in selected industries. The firm provides research reports by subscription to institutional investors, offers research consulting services to financial professionals and offers an issuer sponsored research program for qualifying companies. Additional information is available at the firm’s web site at www.crystalequityresearch.com. Crystal Equity Research is a Registered Investment Advisor with the State of New York.

Disclaimer: This publication is neither an offer to sell nor a solicitation to buy any securities mentioned herein. The information contained herein is based on data obtained from recognized sources that are believed to be reliable. Crystal Equity Research, LLC has not independently verified the facts, assumptions and estimates contained in the report. Accordingly, no representation or warranty, expressed or implied, is made as to, and no reliance should be placed on, the fairness, accuracy, completeness or correctness of the information and opinions contained in the report. The information contained in the report is not and does not purport to be a complete analysis of every material fact respecting any company, industry, or security.

Most of the companies followed by Crystal Equity Research, LLC are emerging growth companies whose securities typically involve a higher degree of risk and more volatility than the securities of more established companies. For these and other reasons, the investments discussed or recommended in this report may be unsuitable for investors depending upon their specific investment objectives and financial position. Investors should always research companies and securities before making any investments.

Past performance does not guarantee future results. This report contains forward looking statements, which involve risks and uncertainties. Actual results may differ significantly from the results described in the forward-looking statements.

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