Corel Announces Refined Licencing Program.OTTAWA--(BUSINESS WIRE)--July 22, 1998--Corel (Nasdaq:COSFF) (TSE See Tokyo Stock Exchange. TSE 1. See Tokyo Stock Exchange (TSE). 2. See Toronto Stock Exchange (TSE). :COS) 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 it has updated its Corel License Program (CLP 1. CLP - Cornell List Processor. 2. CLP - Constraint Logic Programming. ) to meet the demands of customers worldwide. CLP 3 will feature modifications to the current CLP Choice(tm), CLP Freedom(tm) and CLP Universal(tm) programs made popular in the last two years. The Corel License Program has been widely praised for its ease of administration, flexibility in deployment and ability to lower total cost of ownership on both the business applications and graphics software fronts. While the changes won't affect the current features enjoyed by customers, they have evolved from months of study to best serve the changing needs of the industry. Corel's Corporate Sales has experienced significant growth in the last couple of years due in part to the many advantages of the Corel License Program. 1997 saw a 115 percent global increase in licensing sales over the previous year, Corel continues to hold about 70 percent market share(1) in the Legal vertical market, 63 percent(2) in U.S. state A U.S. state is any one of the fifty subnational entities of the United States, although four states use the official title "commonwealth". The separate state governments and the federal government share sovereignty, in that an American is a citizen both of the federal entity and and local government and 52 percent(2) in the U.S. federal government market. Corel strives to maintain a competitive advantage in the licensing market with benefits such as concurrent usage, home and laptop usage and telephone technical support. For more information see the CLP Web site at www.corel.com/clp. "We have spent months listening to our customers and revising this program to meet their demands," said Georges Sabongui, vice president of Corporate Sales at Corel Corporation. "The changes to the programs come directly from customer feedback. We are providing the flexibility and ease the market is looking for Looking for In the context of general equities, this describing a buy interest in which a dealer is asked to offer stock, often involving a capital commitment. Antithesis of in touch with. ." CLP Choice(tm) Modifications -- Introduction of an upgrade SKU (StockKeeping Unit) The number of one specific product available for sale. If a hardware device or software package comes in different versions, there is an SKU for each one. SKU - stock-keeping unit for all products (in place of upgrade protection) means channel partners will have a shorter, more concise price list to deal with. -- Complimentary 30 day installation technical support from the date of the first call to technical support with additional technical support incidents available a la carte. CLP Freedom(tm) Modifications -- Introduction of multi-year agreements allows for great flexibility. Customers can now sign one- or two-year CLP Freedom agreements depending on budget needs. -- CorelDRAW(tm) and Corel VENTURA A Windows desktop publishing program from Corel. It is a full-featured program suited for producing books and other long documents and includes several graphics functions from CorelDRAW. Corel VENTURA was formerly Ventura Publisher, developed by a company that was later acquired by Xerox. (tm) now available -- Minimum entry requirement for customers in legal firms or departments purchasing Corel(r) WordPerfect(r) Suite -- Legal Edition has been reduced to 50 licenses (North America North America, third largest continent (1990 est. pop. 365,000,000), c.9,400,000 sq mi (24,346,000 sq km), the northern of the two continents of the Western Hemisphere. only) -- In addition to Priority or Premium Technical Support options, users will receive 30 days of complimentary installation technical support from the date of the first call to technical support CLP Universal Modifications -- Minimum level to receive technical support through Maintenance purchases has been reduced to 250 points -- Shorter, consolidated, more concise price list, making it easier for channel partners. CLP Academic Modifications Most of the modifications in the new CLP 3 program will be mirrored in the CLP Academic program. Customers can contact their local Academic reseller An organization that sells hardware and software to the general public. Resellers purchase products from software publishers and hardware manufacturers. for more information or visit our Web site at www.corel.com/academic. 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(r) WordPerfect(r) 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. (sm) 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. (1) Law Office Computing computing - computer , August 1997. (2) Government Computer News, October 1997. Corel, WordPerfect, CorelDRAW, Corel Print House, CLP Choice, CLP Freedom, CLP Universal, the Go Further logo 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.
CONTACT: Corel Corporation
Nicole Sanford (Canada), 613/728-0826 ext. 5046
E-mail: nicoles@corel.ca
or
Sue Ann Wright (U.S.), 613/728-0826 ext. 5412
E-mail: sueannw@corel.ca
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