Corel Corporation Hires Former Microsoft Executive to Run Its Asia Pacific and Japan Operations.Kazuo Sakai Joins Corel as Senior Vice President, Asia Pacific and Japan Operations and President, Corel Japan OTTAWA -- 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 :CREL CREL Circular Regional Externa de Lisboa ) (TSX TSX Toronto Stock Exchange (TSE before April, 2002) TSX Transfer from Stack Pointer to Index TSX True Space Extension :CRE CRE Commercial Real Estate CRE Corporate Real Estate CRE Commission for Racial Equality (Scotland) CRE CCD (Charge Coupled Device) and Readout Electronics CRE Camp Response Element ), a leading developer of graphics, productivity and digital media software, today announced that Kazuo Sakai will join Corel as Senior Vice President, Asia Pacific and Japan Operations and President, Corel Japan effective immediately. Kazuo Sakai joins Corel with deep industry experience leading sales and marketing operations in Japan and the Asia Pacific region. He also has well established relationships with Japan's leading OEMs. Prior to joining Corel, Mr. Sakai held senior executive positions at Microsoft, where most recently he served as Program Vice President, Digital Entertainment Partner Group. He also had a long career with AMD (Advanced Micro Devices, Inc., Sunnyvale, CA, www.amd.com) A major manufacturer of semiconductor devices including x86-compatible CPUs, embedded processors, flash memories, programmable logic devices and networking chips. , where he served as Chairman of AMD Japan; Corporate Vice President, Sales and Marketing, South Asia Pacific; and Vice President, Sales and Marketing, North Asia Pacific. In his new role at Corel, Mr. Sakai will immediately assume responsibility for Japan sales and marketing and will later expand his role to include oversight of Corel's sales and marketing activities in Australia, New Zealand New Zealand (zē`lənd), island country (2005 est. pop. 4,035,000), 104,454 sq mi (270,534 sq km), in the S Pacific Ocean, over 1,000 mi (1,600 km) SE of Australia. The capital is Wellington; the largest city and leading port is Auckland. , South East Asia, China, Korea (ANSEACK) and Taiwan. "I am very pleased to join Corel to help continue the company's momentum in one of its highest-growth regions," said Kazuo Sakai. "Corel software brands such as WinDVD, VideoStudio, DVD DVD: see digital versatile disc. DVD in full digital video disc or digital versatile disc Type of optical disc. The DVD represents the second generation of compact-disc (CD) technology. MovieWriter and Corel Painter are very popular with customers and partners in these markets and I see great potential to further grow Corel's business as we enhance our existing 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 relationships, build new OEM relationships, expand our eCommerce platform, and strengthen our ties with key reseller partners." "We are delighted to have someone of Sakai-san's experience and capability join Corel's executive team, and lead our sales and marketing efforts in Asia Pacific and Japan," said Kris Hagerman, Interim 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. , Corel Corporation. "Sakai-san is a seasoned executive with a strong track record of success, and we are confident his leadership will allow Corel to take full advantage of the exciting growth opportunities available in this region." Forward Looking Statements: This news release includes forward-looking statements that are based on certain assumptions and reflect our current expectations. Such forward-looking statements involve known and unknown risks, uncertainties and other important factors that could cause the actual results, performance or achievements to differ materially from any future results, performance, or achievements discussed or implied by such forward-looking statements. These risks, uncertainties and other important factors are described in Corel's Annual Report dated February 8, 2008, filed with the Securities and Exchange Commission (SEC) and the Canadian Securities Administrators Canadian Securities Administrators(CSA) is a forum for the 13 securities regulators of Canada's provinces and territories to coordinate and harmonize regulation of the Canadian capital markets. (CSA (1) (Canadian Standards Association, Toronto, Ontario, www.csa.ca) A standards-defining organization founded in 1919. It is involved in many industries, including electronics, communications and information technology. ) under the caption "Risk Factors" and elsewhere. A copy of the Corel Annual Report and such other filings can be obtained on Corel's website, on the SEC's website at http://www.sec.gov or on the CSA's website at http://www.sedar.com. Forward-looking statements speak only as of the date of the document in which they are made. We disclaim any obligation or undertaking to provide any updates or revisions to any forward-looking statement to reflect any change in our expectations or any change in events, conditions or circumstances on which the forward-looking statement is based. About Corel Corel is one of the world's top software companies with more than 100 million active users in over 75 countries. We develop software that helps people express their ideas and share their stories in more exciting, creative and persuasive ways. Through the years we've built a reputation for delivering innovative, trusted products that are easy to learn and use Easy to learn refers to software that is well designed and capable of being used right away without having to wade through documentation. If you make the program work with little effort, it is easy to learn. , helping people achieve new levels of productivity. The industry has responded with hundreds of awards for software innovation, design and value. Our award-winning product portfolio includes some of the world's most widely recognized and popular software brands including CorelDRAW[R] Graphics Suite, Corel[R] Painter[TM], Corel DESIGNER[R] Technical Suite, Corel[R] Paint Shop Pro[R] Photo, VideoStudio[R], WinDVD[R], Corel[R] WordPerfect[R] Office and WinZip[R]. Our global headquarters are in Ottawa, Canada, with major offices in the United States, United Kingdom, Germany, China, Taiwan and Japan. [c] 2008 Corel Corporation. All rights reserved. Corel, CorelDRAW, Paint Shop Pro, Painter, Corel DESIGNER, VideoStudio, WordPerfect, WinDVD, WinZip, iGrafx, and the Corel logo are trademarks or registered trademarks of Corel Corporation and/or its subsidiaries. All other product, font and company names and logos are trademarks or registered trademarks of their respective companies. CRELF |
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