Final Results

Clarity Commerce Solutions PLC
28 June 2001


Issued on behalf of Clarity Commerce Solutions plc

Date: Thursday, 28 June 2001   IMMEDIATE RELEASE


                        Clarity Commerce Solutions plc

                          Maiden Final Results 2001


              £ Results in line with market expectations

              £ Microtrain acquisition successfully integrated and trading
                profitably

              £ New products developed

              £ Existing customer relationships extended with additional
                projects

              £ New contract wins include Mill House Inns, Outback and San
                Marzano

              £ Key business partnerships established

              £ Significant level of new enquiries

'The first quarter of the new financial year has started at a pace with the
Company continuing to fulfil orders for major clients. The level of new
enquiries has also been encouraging. As well as organic growth, Clarity will
continue to seek other acquisition opportunities that provide synergistic
benefits.


'The Board looks forward to the future with confidence.'

                                                                    Bob Morton

                                                  Non-Executive Group Chairman


                           FULL STATEMENT ATTACHED


Enquiries:

Graham York

Chief Executive

Clarity Commerce Solutions plc

Tel: [phone]

e-mail: [e-mail]

www.claritycommerce.com

Fiona Tooley

Citigate Dewe Rogerson

Tel: [phone]

Mobile: [phone]

Trevor Bass

Fleet Financial

Tel: [phone]

Mobile: [phone]

                                     -2-

                          Clarity Commerce Solutions

                             PRELIMINARY RESULTS

      from 24 January 2000 (the date of incorporation) to 31 March 2001


STATEMENT BY THE NON-EXECUTIVE GROUP CHAIRMAN, BOB MORTON

I am pleased to announce the Company's maiden final results since its
successful flotation on the Alternative Investment Market of the London Stock
Exchange on 26 July 2000, when £2 million (net) was raised to invest in the
future of the business.


Our results are in line with market expectations, with turnover at £3,552,000,
producing an operating loss before goodwill amortisation and interest of £
724,000. Goodwill amortisation amounted to £304,000. Net cash balances as at
31 March 2001 amounted to £518,000.


We have made excellent progress with significant new product development being
completed. The enhancement in the Company's profile has provided new
opportunities for the Group, evidenced by a number of new contract wins, key
business partnerships and a significant level of new enquiries.


Our intention is to continue to increase the profile of Clarity and we have
been developing an on-going programme of marketing and PR. This investment has
already started to bring returns with a significant increase in the number of
'direct approach' sales opportunities.


Clarity supplies infrastructure software and support services to growing
hospitality companies. As the market continues to expand, restructure and
consolidate, coupled with the emergence of new growth sectors, there will be
substantial opportunities for Clarity to build on their position. For example,
the pub retailing sector is experiencing changes in ownership and the
formation of many new multi-site groups and sectors such as restaurants and
nightclubs are benefiting from increased personal disposable income.


Our Clarity Central head office software provides key management information
tools for companies and our site based solutions assist day-to-day management.
There is also strong interest in the loyalty and CRM tools that we offer.


The acquisition of Microtrain in March 2000 provided an important platform for
our growth and the company has been successfully integrated into the Group. It
has already increased its penetration in its marketplace by gaining new
business and we look forward to its steady growth.


The first quarter of the new financial year has started at a pace with the
Company continuing to fulfil orders for major clients. The level of new
enquiries has also been encouraging. As well as organic growth, Clarity will
continue to seek other acquisition opportunities that provide synergistic
benefits.


The Board looks forward to the future with confidence.


                                     -3-


                          Clarity Commerce Solutions

                             PRELIMINARY RESULTS

      from 24 January 2000 (the date of incorporation) to 31 March 2001


REVIEW BY THE GROUP CHIEF EXECUTIVE, GRAHAM YORK

Significant product development has taken place in the last year with in
excess of £250,000 being spent on research and development. The key software
release has been Central/Enterprise, our web based head office software for
multiple retailers. Additions to our product range have also been made in the
areas of personnel software, promotional control, loyalty, CRM and Business
Intelligence reporting.


A key project has been the development of Central for the Punch Group, linking
together over 1000 sites and several differing technologies. Providing
product, brand, price and POS system management, the Clarity solution provides
a key infrastructure tool for the Punch retail estate.


This software capability has also been demonstrated by the recent £230,000
contract with Mill House Inns, where we are installing Central and back office
software to provide key business support tools for their future growth.


As well as investigating and following up new business lines, we have
concentrated our efforts on developing and adding value to our core business
client base. Strong working relationships exist, which include, the Belgo
Group, and a rolling contract with Devco, a division of Punch.


Business partnerships are also an important part of our growth strategy and we
are pleased to have been selected as an IBM business partner. This
acknowledges that Clarity's product range meets IBM's 'best in breed'
partnering standards. We are also working closely with other manufacturers
such as Epson, Javelin, Orderman and Panasonic.


In conjunction with Panasonic, Clarity has recently started to work with
Outback Restaurants (NASDAQ: OSI). Who currently run over 600 sites in the
United States. It has a specified expansion programme for restaurants in
Europe, and our systems will cover their EPOS, stock, finance, staff and HR
requirements in the UK.


We have also established a presence in Spain. We have signed an exclusive
agreement with San Marzano, the Spanish subsidiary of PizzaExpress to supply
EPOS. back office and Central to the company's owned sites The initial
contract worth around £140,000 will start to roll out through the sites
beginning with San Marzano's flagship venue in Barcelona. It is anticipated
that the brand will be expanded over the next five years.
(www.san-marzano.com).


Since acquiring Microtrain, the company has continued to trade profitably,
with considerable revenue being generated from its work with Bass. The
integration of Microtrain within the Group has been successful and it has been
a key component in helping Clarity roll out recent contracts.


The Clarity Group has grown from 58 employees at flotation to 90 at year end.
Key appointments have been in the area of sales, operations, customer account
management and project management.


We look forward to continued development and exposure to an increasing
customer base.


                                     -4-


                          Clarity Commerce Solutions

                     CONSOLIDATED PROFIT AND LOSS ACCOUNT

      from 24 January 2000 (the date of incorporation) to 31 March 2001



                                                    Notes    £'000        £'000

Turnover                                              1                   3,552

Cost of sales                                                           (1,881)

Gross profit                                                              1,671

Operating costs                                                         (2,699)

Operating loss                                        2                 (1,028)

Operating loss before goodwill amortisation                               (724)

Goodwill amortisation                                                     (304)

Operating loss after goodwill amortisation                              (1,028)

Interest receivable                                             15

Interest payable                                              (98)

                                                                           (83)

Loss on ordinary activities before taxation                             (1,111)

Taxation on loss on ordinary activities                                       -

Loss for the period                                                     (1,111)

Loss per ordinary share                               3
- basic                                                                (15.35)p
- adjusted basic                                                        (9.42)p
- fully diluted                                                        (14.75)p

Dividends per share                                                           -


All the above activities were acquired during the period and relate to
continuing operations.

All recognised gains and losses are included in the profit and loss account.


                                     -5-

                          Clarity Commerce Solutions

                          CONSOLIDATED BALANCE SHEET

                             as at 31 March 2001



                                                                £'000     £'000

Fixed assets
Intangible fixed assets                                         4,569

Tangible assets                                                   190
                                                                          4,759

Current assets
Stocks                                                            215

Debtors                                                         1,268

Cash at bank and in hand                                          555

                                                                2,038

Creditors: amounts falling due within one year                (1,354)

Net current assets                                                          684

Total assets less current liabilities                                     5,443

Creditors: amounts falling due after more than one year                 (1,045)

                                                                          4,398
Capital and reserves
Called up share capital                                                   2,361

Share premium account                                                     3,148

Profit and loss account                                                 (1,111)

Equity shareholders' funds                                                4,398


                                     -6-


                          Clarity Commerce Solutions

                       CONSOLIDATED CASH FLOW STATEMENT

                      for the period ended 31 MARCH 2001



                                                                  £'000  £'000

Net cash outflow from operating activities                               (922)

Returns on investments and servicing of finance
Interest received                                                    15

Interest paid                                                      (80)

Interest element of hire purchase and finance lease                 (8)

Net cash outflow from returns on investments and servicing of             (73)
finance
Taxation                                                                  (88)

Capital expenditure and financial investment
Purchase of tangible fixed assets                                  (73)

Sale of tangible fixed assets                                       162

Net cash inflow from capital expenditure and financial                      89
investment
Acquisitions
Purchase of subsidiary undertakings                              (1,438)

Cash at bank acquired with subsidiary                               246

Net cash outflow from acquisitions                                      (1,192)

Net cash outflow before financing                                       (2,186)

Financing
Issue of share capital (net of costs)                             2,890

Issue of loan notes                                                 399

Repayment of loan notes                                           (490)

Capital element of finance leases                                  (54)

Bank loan repayments                                               (41)

Net cash inflow from financing                                           2,704

Increase in cash                                                           518




All the above cashflows arose from activities acquired during the period, and
relate to continuing operations.


                                     -7-

                          Clarity Commerce Solutions

                      NOTES TO THE FINANCIAL STATEMENTS

1. Turnover


        The turnover and loss before tax are attributable to the principal
        activities of the Group which arose within the United Kingdom. £
        3,484,000 of turnover is attributable to customers within the United
        Kingdom and approximately £68,000 is attributable to customers in
        Europe.


2. Operating Loss

                                                                          £'000

This is stated after charging/(crediting):
Depreciation of tangible fixed assets - owned assets                         42
Depreciation of tangible fixed assets - leased assets                        26
Amortisation                                                                326
Auditor's remuneration                                                       34
Director's remuneration                                                     212
Rentals payable under operating leases - property                            35
Rentals payable under operating leases - other                               50
Loss on sale of fixed assets                                                  3


        In addition to the above, remuneration paid to the Group's auditors
        for the provision of non-audit services amounted to £333,000. These
        costs were in connection with the admission of the Company's shares to
        the Alternative Investment Market and the acquisitions made in the
        period.


        Research and development expenditure incurred during the period was
        approximately £250,000.


3. Earnings per Ordinary Share


        Basic loss per share for the period ended 31 March 2001 is calculated
        by dividing the loss for the period of £1,111,000 by 7,235,671 being
        the weighted average number of shares in issue during the period.


        The adjusted basic loss per share for the period ended 31 March 2001
        is calculated by dividing the loss for the period before amortisation
        of goodwill of £807,000 by 8,563,862 being the weighted average number
        of shares in issue since the Group commenced trading on 31 March 2000.


        The fully diluted loss per share has been calculated on the basic loss
        and the weighted average number of shares in issue during the period
        of 7,235,671 plus an additional 299,074 shares representing the fair
        value of the weighted average number of shares under option during the
        period.


 4. The Annual General Meeting will be held on 8 August 2001, 10.00am, at the   
    offices of Hammond Suddards Edge, 7 Devonshire Square, Cutlers Gardens,     
    London, EC2M 4YH.


 5. The Report & Accounts will be posted to shareholders shortly. Further
    copies will be available on request from the Company's' Registered Office:
    Number 1, Netherhampton Business Centre, Netherhampton, Salisbury,
    Wiltshire, SP2 8PU.


 6. The financial information set out above does not comprise the Company's
    full statutory accounts within the meaning of Section 240 of the Companies
    Act 1985. The 2001 Annual Report and Accounts, which received an
    unqualified auditor's report will be filed with the Registrar of Companies
    following the Annual General Meeting.