Corel Announces Strategic Alliance with Polywell Company Inc.Business Editors OTTAWA--(BUSINESS WIRE)--April 18, 2000 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. (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 a deal with Polywell Company Inc. to bundle Corel(r) LINUX(r) OS and Corel WordPerfect See WordPerfect Office and WordPerfect Corporation. (r) Office 2000 for Linux(r) OEM (Original Equipment Manufacturer) The rebranding of equipment and selling it. The term initially referred to the company that made the products (the "original" manufacturer), but eventually became widely used to refer to the organization that buys the products and version with any one of its multi-boot Linux, Windows(r) 98, Windows NT(r) and 2000 Systems. Polywell Computers Inc. specializes in manufacturing custom configurations for a wide range of computers. They have extensive experience in delivering solutions for the Linux platform and recognize Corel as a leader in bringing this operating system to the desktop. Polywell will bundle Corel's Linux operating system and WordPerfect Office 2000 for Linux OEM with several of their multi-boot systems. These systems will be available for purchase on-line at www.polywell.com/corelinux.html. Consumers will also have the option to select Corel LINUX OS and WordPerfect Office 2000 for Linux on all Polywell x86 systems. "In offering PC systems with Linux bundled, consumers, government and the corporate market have access to lower cost systems that provide the power, performance and stability of Linux without the need to install and configure the operating system," said Jon Riis, director of OEM Sales at Corel Corporation. "Offering Corel LINUX OS, with a world-class productivity suite like WordPerfect Office 2000 for Linux, will help speed the adoption of Linux in the desktop market." Polywell's products have been regularly reviewed by all major publications and have received numerous awards, such as: C/Net Product of the Year 1999; PC Magazine-Editor's Choice, Byte Magazine's Best Overall; PC Computing -- Product of the Year and PC World's Best Buys. Customers can order products online or over the phone, as well as through resellers overseas including: Japan, Hong Kong, China, Russia, Brazil, Mexico and the United Kingdom. Because Polywell doesn't sell through retail distribution, they are able to offer highly competitive prices. "Polywell manufactures high quality computers in today's extremely competitive market. Our product line ranges from Desktop PCs to RISC RISC in full Reduced Instruction Set Computing Computer architecture that uses a limited number of instructions. RISC became popular in microprocessors in the 1980s. based workstations as well as multiprocessor servers and SAN/NAS storage products," said Sam Chu, president and chief executive officer, Polywell Computers. "We are delighted to offer Corel's world class Linux software applications to our extensive customer base at a much lower cost." 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 WordPerfect and the Go further logo are trademarks or registered trademarks of Corel Corporation or Corel Corporation Limited. Linux is a registered trademark of Linus Torvalds. Windows and Windows NT are registered trademarks of Microsoft Corporation. All other products, fonts, company names and logos are trademarks or registered trademarks of their respective owners. |
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