Corel Announces Appointments to Senior Management Team.Business Editors OTTAWA--(BUSINESS WIRE)--July 14, 2000 Corel Corporation (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 :CORL CORL Corel Corporation (stock symbol) CORL Coalition of Reef Lovers CORL capital outlay revenue limit CORL change-orientated reflective listening (psychotherapy) CORL Central Ontario Ringette League ) (TSE See Tokyo Stock Exchange. TSE 1. See Tokyo Stock Exchange (TSE). 2. See Toronto Stock Exchange (TSE). :COR) today announced two appointments to its senior management team. David McKeen, formerly director of GraphicCorp, was promoted to vice-president of Web development. He will oversee Corel's business development activities with an enhanced focus on the Web. Alison Canavan, formerly director of corporate sponsorship and trade events, was promoted to vice-president of creative services, which includes all of Corel's marketing, advertising, event and sponsorship activities. "I am really pleased to announce these promotions," said Dr. Michael Cowpland, president and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. of Corel Corporation. "Both Dave and Alison have each made significant contributions to the company in their respective areas of expertise. They are shining examples of the talented and dedicated team of employees whose efforts have enabled Corel to become one of the leading software companies in the world." In related news, Carey Stanton, executive vice-president of business development and legal affairs, will be leaving Corel to pursue other opportunities. His resignation takes effect July 21, 2000. Mr. Stanton has worked at Corel for nine years. He was responsible for managing all acquisitions, divestitures and licensing transactions for Corel's entire product line, developing strategic alliances and managing the legal department. Corel Corporation Corel Corporation is an internationally recognized developer of award-winning business productivity, graphics and operating system solutions on the Windows(r), Linux(r), UNIX UNIX Operating system for digital computers, developed by Ken Thompson of Bell Laboratories in 1969. It was initially designed for a single user (the name was a pun on the earlier operating system Multics). (r), Macintosh(r) and Java(tm) platforms. Corel also develops market-leading, Web-based solutions including applications, contents, e-commerce and online services. For access to these services and more information go to www.corel.com or www.corelcity.com. Corel is headquartered in Ottawa, Canada. 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. (sm) under the symbol CORL 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 COR. This press release contains statements that are forward looking as that term is defined by the United States 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 shifts in customer demand, product shipment schedules, product mix, competitive products and pricing, technological shifts and other variables. Readers are referred to Corel's most recent reports filed with the Securities and Exchange Commission. Corel and the Go further logo are trademarks or registered trademarks of Corel Corporation or Corel Corporation Limited. All other products, fonts, company names and logos are trademarks or registered trademarks of their respective owners. |
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