Corel's Message to Customers: 'Superb Software. Great Value.'.OTTAWA--(BUSINESS WIRE)--March 9, 1998--(TSE See Tokyo Stock Exchange. TSE 1. See Tokyo Stock Exchange (TSE). 2. See Toronto Stock Exchange (TSE). :COS.) (NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on :COSFF) Corel Corporation (company) Corel Corporation - A software publisher best known for the CorelDraw application. Founded in June 1985 by Dr. Michael Cowpland, Corel Corporation was originally a systems integration company. today announced a market strategy for several of its business applications which Corel believes will position them to compete vigorously in the North American North American named after North America. North American blastomycosis see North American blastomycosis. North American cattle tick see boophilusannulatus. marketplace. Starting March 14, 1998, upgrade versions of Corel(R) WordPerfect(R) Suite 8 and Corel(R) WordPerfect(R) Suite 8 Professional will be available for a suggested retail price of US $89 and US $179 respectively. Effective April 1998, upgrade versions of Corel WordPerfect Suite See WordPerfect Office. 8 fully integrated with Dragon Systems Dragon Systems, Inc., was the company that created DragonDictate and Dragon NaturallySpeaking. It was founded in 1982 by Drs. James and Janet Baker and bought by Lernout & Hauspie in 2000. (R) NaturallySpeaking(TM) speech recognition software will be available for a suggested retail price of US $129. Dealers may sell for less. *Please see complete pricing chart on page 2. "We've observed the emergence of the sub $1,000 PC market and have recognized a related trend towards declining software prices," said Don Sylvester, senior vice president of Sales at Corel Corporation. "We are choosing to lead the way by offering customers excellent products at compelling prices." "This fits well with Corel's mission statement -- focus our technology leadership to offer customers value, compatibility and choice -- in both the corporate and retail markets ", said Sylvester. "It's also consistent with our 1998 sales strategy that aims to focus on core products in retail and key corporate markets." While Corel is successfully expanding its corporate business, it is also continuing its long-standing commitment to the retail market. Offering the award-winning Corel WordPerfect See WordPerfect Office and WordPerfect Corporation. line-up at very competitive prices has been strongly received and endorsed by the retail channel including resellers and distributors across North America. "We think customers will be very excited with this new strategy because our customers recognize top-of-the line technology at an affordable price," said Larry Mondry, executive vice president of Merchandising at CompUSA, America's number one computer superstore. This press release contains statements that are forward looking as that term is defined by the US Private Securities Litigation Reform Act The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and of 1995. These statements are based on current expectations that are subject to risks and uncertainties. Actual results will differ due to factors such as changes in mass market, consumer preferences, pricing strategy of other companies, customer demand, technological shifts and other issues discussed in the company's Report on Form 10-K Form 10-K A report required by the SEC from exchange-listed companies that provides for annual disclosure of certain financial information. Form 10-K See 10-K. . Corel Corporation Incorporated in 1985, Corel Corporation is recognized internationally as an award-winning developer and marketer of productivity applications, graphics and Internet software for the corporate and retail markets. Corel's products, which run on most operating platforms, are consistently rated among the strongest in the industry. The company's product line, including CorelDRAW(TM), Corel WordPerfect Suite, Corel VENTURA(TM), Corel Print House(TM) Magic and Corel(R) WebMaster Suite, ships in over 17 languages through a network of more than 160 distributors in 70 countries worldwide. Corel's common stock trades on The Nasdaq Stock Market Nasdaq stock market The first electronic stock market listing over 5000 companies. The Nasdaq stock market comprises two separate markets, namely the Nasdaq National Market, which trades large, active securities and the Nasdaq Smallcap Market that trades emerging growth companies. - under the symbol COSFF and on the Toronto Stock Exchange Toronto Stock Exchange (TSE) Canada's largest stock exchange, trading approximately 1,200 company stocks and 33 options. under the symbol COS. For more information visit Corel's Web site at www.corel.com. Corel, WordPerfect, CorelDRAW, Corel Print House and Corel VENTURA are trademarks or registered trademarks of Corel Corporation or Corel Corporation Limited. All other product and company names are trademarks or registered trademarks of their respective companies. -0-
Upgrade SRP Upgrade SRP Full SRP Full SRP
US$ CDN $ US$ CDN$
Corel(R) WordPerfect(R)
Suite 8 $89 $109 $395 $545
Corel(R) WordPerfect(R)
Suite 8 Professional $179 $219 $479 $650
Corel(R) WordPerfect(R)
Suite 8 with Dragon
NaturallySpeaking(TM) $129 $169 $425 $595
CONTACT: Corel Corporation (Canada) Nicole Sandford, 613/728-0826 ext. 5046 E-mail: nicoles@corel.ca Website: www.corel.com or Corel Corporation (US) Sue Ann Wright, 613/ 728-0826 ext. 5412 E-mail: sueannw@corel.ca |
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