Corel Extends Long-Standing License Agreement with Bitstream; Leading Developer of Design and Office Productivity Software Continues Its Use of Bitstream Font Technology.

Business Editors/High-Tech Writers

CAMBRIDGE, Mass.--(BUSINESS WIRE)--April 21, 2003

Bitstream Inc. (Nasdaq:BITS) today announced it has renewed its licensing agreement for TrueDoc(R) with long-standing client Corel Corp.

Corel has included Bitstream TrueDoc in CorelDRAW(R) GRAPHICS SUITE 11, Corel(R) DESIGNER(R) 10 and WordPerfect(R) Office, enabling customers to embed fonts in their native documents.

"Our customers require speed, efficiency and reliability from our products," said Graham Brown, Vice-President of Software Development at Corel. "Bitstream continues to deliver robust technology that provides our customers with valuable time savings."

"CorelDRAW GRAPHICS SUITE, Corel DESIGNER, and WordPerfect Office 11 offer a powerful and versatile suite of graphics applications and office productivity software. We are pleased to extend our successful partnership with Corel," said Anna Chagnon, President of Bitstream.

"Users today need a wide variety of fonts, and Bitstream's TrueDoc font technology fulfills this critical need. Bitstream and Corel are once again working together to bring a high-quality font solution to Corel's extensive customer base."

CorelDRAW(R) 6, released in 1995, was the first Corel product to benefit from Bitstream font embedding. The CorelDRAW(R) product line is carefully designed to make work easier and more intuitive for professionals in the graphics industry. CorelDRAW GRAPHICS SUITE 11 delivers powerful software for graphic design, page layout, photo editing, and vector animation. It also offers live feedback, extensive compatibility, and a full range of output options.

WordPerfect Office 11 is a comprehensive office productivity suite known for its value, ease-of-use and flexible licensing options. WordPerfect Office 11 enhances the way users create, exchange and interact with content, providing intelligent methods of collaborating with clients and colleagues.

Corel DESIGNER 10 is a powerful, comprehensive set of tools designed to streamline the production of technical graphics. Emphasizing precision, efficiency and compatibility, it delivers functionality specific to technical representation and ensures seamless file sharing within the technical drawing workflow.

About TrueDoc

Bitstream TrueDoc technology solves font fidelity problems for many digital communications markets, delivering a quick and compact font solution while maintaining the highest standards in typographic quality. TrueDoc is completely independent of platform, operating system, application, resolution, and device.

The Bitstream portable font resource (PFR) was the product of TrueDoc development. Many independent international organizations have adopted the PFR font format as their font standard, including the following:

-- ATSC (Advanced Television Systems Committee), which approved

the DTV Application Software Environment (DASE) standard. The

DASE standard calls out the ISO standard for fonts, which is

the PFR

-- DAVIC (Digital Audio Visual Council), which set multimedia

standards for international broadcasting

-- DTG (Digital TV Group), which coordinates standards for

Digital TV broadcasting in the United Kingdom

-- DVB (Digital Video Broadcasting), a Swiss-based industry

organization representing one standard for digital TV, which

has been adopted extensively in Europe

-- MHP (Multimedia Home Platform), which many European set-top

box and digital TV manufacturers are using as their standard

development platform

-- ISO/IEC 16500-6:1999 (International Organization for

Standardization/International Electrotechnical Commission),

which together form the specialized system for worldwide

standardization

-- OCAP (OpenCable Application Platform), which supports the

DVB-MHP standard, including support for PFRs

About Bitstream

Bitstream is the leading developer of font technology, digital fonts, and custom font designs. Bitstream licenses its award-winning TrueDoc(R) and Font Fusion(TM) technologies to Web and application developers, and to manufacturers of information appliances, wireless and handheld devices, set-top boxes, embedded systems, and printers. Setting the standard for excellence in font technology, Bitstream holds numerous key patents that cover the creation of portable fonts for the Internet. Building on this experience, Bitstream has released ThunderHawk(TM), a full-featured browser for the wireless Web.

Founded in 1981, Bitstream is the first independent digital font foundry. In 1999, Bitstream created MyFonts.com(TM) Inc. (www.myfonts.com), the Web site for finding, trying, and buying fonts online. Bitstream has headquarters in Cambridge.

About Corel Corporation

Founded in 1985, Corel Corp. (www.corel.com) is a leading technology company specializing in content creation tools, business process management, and XML-enabled enterprise solutions. The company's goal is to give consumers and enterprise customers the ability to create, exchange, and instantly interact with visual content that is always relevant, accurate, and available. With its headquarters in Ottawa, Canada, Corel's common stock trades on the Nasdaq Stock Market under the symbol CORL and on the Toronto Stock Exchange under the symbol COR.

Note to Editors: Corel and the Corel logo are trademarks or registered trademarks of Corel Corp. and/or its subsidiaries. All other product, font and company names and logos are trademarks or registered trademarks of their respective companies.

Bitstream and TrueDoc are registered trademarks, and the Bitstream logo, Font Fusion, MyFonts.com, and ThunderHawk are trademarks of Bitstream Inc. Other technologies and brand names are trademarks or registered trademarks of their respective owners.