Corel Corporation sells Corel Medical Series to I. Hoffmann + Associates; Corel to focus more on core technologies.OTTAWA--(BUSINESS WIRE)--May 9, 1997--Corel Corporation (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. and I. Hoffmann + Associates Inc. of Toronto announced an agreement today providing for the sale of Corel's Corel(R) Medical Series software line to Hoffmann + Associates (H + A). All seven titles in the Corel Medical Series, as well as all titles currently under development will be included in the deal. The Corel Medical Series is a line of multimedia CDs that provides comprehensive information to medical professionals, patients, their families, and the public. Using the power of multimedia, the titles combine text, graphics, pictures, videos, and three-dimensional models to provide a detailed review of the subject. By combining the expertise of medical practitioners, researchers, and educators with the power of today's computer technology, the Corel Medical Series creates a unique learning tool that is as comprehensive as a text book and as informative as a lecture with the advantages of being highly interactive and self-paced. Corel Medical Series titles now shipping include Cancer, The Immune System immune system Cells, cell products, organs, and structures of the body involved in the detection and destruction of foreign invaders, such as bacteria, viruses, and cancer cells. Immunity is based on the system's ability to launch a defense against such invaders. , Breastfeeding, Epilepsy epilepsy, a chronic disorder of cerebral function characterized by periodic convulsive seizures. There are many conditions that have epileptic seizures. Sudden discharge of excess electrical activity, which can be either generalized (involving many areas of cells in , The Amputee am·pu·tee n. A person who has had one or more limbs removed by amputation. , Child Care and Child Well Being. "We feel strongly that as an expert in multimedia, Isabel Hoffmann will lead the Corel Medical Series to continued success," said Dr. Michael Cowpland Michael Cowpland (born April 23, 1943) is a Canadian entrepreneur, businessman, and the founder and one-time president, chairman and CEO of Corel, a Canadian software company. Cowpland was born in Bexhill, Sussex, England and obtained a BSc. , president and chief executive officer of Corel Corporation. "This deal reflects Corel's current business strategy to focus more on our core technologies, Corel(R) WordPerfect(R), CorelDRAW(TM) and the new emerging Java technology. The Corel Medical Series will fit well with Hoffmann & Associate's successful multimedia product line." "We are very excited to be able to add this excellent Corel Medical Series to our line of educational titles," said Isabel Hoffmann, president and chief executive officer of H + A and a recent winner of the "Top 40 under 40" award. "This series is a wonderful expression of our core vision by providing people with the access to information they need to make aware and informed choices." As part of the deal, Corel will acquire a minority interest in Hoffmann + Associates, as well as an ongoing royalty stream over a time period. Many terms of the agreement will be similar to those negotiated in last months' sale of the Corel(R) CD HOME COLLECTION to H + A. Public relations public relations, activities and policies used to create public interest in a person, idea, product, institution, or business establishment. By its nature, public relations is devoted to serving particular interests by presenting them to the public in the most and sales for the Corel Medical Series will be immediately transferred to H + A, whereas technical support and customer service will continue to be handled by Corel until July 4, 1997. Corel Medical titles will continue to be sold by H + A through Corel's new on-line shopping centre, Corel Galleria, as well as through many other channels. Also, Corel's sales force will cooperate with H + A to continue to develop sales in Corel's established channels. Hoffmann + Associates Hoffmann + Associates (H + A) is an internationally recognized new-multimedia company that is dedicated to developing, publishing and distributing the next generation of interactive recreational and educational software. Incorporated in 1992, H + A is Canada's largest developer-publisher of interactive software products with over 65 titles in its catalogue. ABCD's, H + A's children's products division, develops and produces the acclaimed Nikolai's Adventures(TM) series of CD-ROMs, which is capturing the imaginations of young and old worldwide. H + A also produces recreational and educational CD-ROMs and Internet content for young adults. The InterNetWorks division provides a broad range of services for on-line customers from web page creation and design development to hosting, site management and maintenance, database integration and transaction processing Updating the appropriate database records as soon as a transaction (order, payment, etc.) is entered into the computer. It may also imply that confirmations are sent at the same time. Transaction processing systems are the backbone of an organization because they update constantly. . H + A is also recognized for the excellence of its training programs delivered at Digital Media Studios and at the Information Technology Design Centre, the ITDC ITDC India Tourism Development Corporation ITDC Interoperability Technology Demonstration Center ITDC International Technical Development Center . Last year, H + A was a winner of Goodwill Toronto's prestigious Employer of the Year award. For more information visit H + A's home page on the Internet at http://h-plus-a.com or Nikolai's web site at http://www.nikolai.com . Corel Corporation Incorporated in 1985, Corel Corporation is recognized internationally as an award-winning developer and marketer of productivity applications, graphics and Internet software. Corel's product line includes CorelDRAW(TM), Corel(R) WordPerfect(R) Suite, Corel(R) Office Professional, Corel(R) WebMaster Suite, CorelVIDEO(TM) and CorelCAD(TM). Corel's products run on most operating systems Operating systems can be categorized by technology, ownership, licensing, working state, usage, and by many other characteristics. In practice, many of these groupings may overlap. , including: Windows(R), Macintosh(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). , MS-DOS MS-DOS in full Microsoft Disk Operating System Operating system for personal computers. MS-DOS was based on DOS, developed in 1980 by Seattle Computer Products. Microsoft Corp. bought the rights to DOS in 1981, and released MS-DOS with IBM's PC that year. , and OpenVMS and are consistently rated among the strongest in the industry. The company ships its products in over 17 languages through a network of more than 160 distributors in 70 countries worldwide. Corel is traded on the Toronto Stock Exchange Toronto Stock Exchange (TSE) Canada's largest stock exchange, trading approximately 1,200 company stocks and 33 options. (symbol: COS) and the NASDAQ - National Market System (symbol: COSFF). For more information visit Corel's home page on the Internet at http://www.corel.com . -0- Note to Editors: Corel, WordPerfect, Presentations, CorelDRAW, CorelVIDEO and CorelCAD are registered trademarks or trademarks of Corel Corporation or Corel Corporation Limited. Nikolai's Adventures and Nikolai's Web site are trademarks of I. Hoffmann + Associates Inc. All product and company names are trademarks or registered trademarks of their respective companies. CONTACT: Corel Corporation Carrie Bendzsa, 613/728-0826 ext. 1524 carriebe@corel.com or Hoffmann + Associates Inc. Kathryn Schroeder or Wendy van Eck, 416/977-6732 schroeder@h-plus-a.com |
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