Corel Selects Preview Systems Solution to Power Digital Distribution of Software.Business Editors SUNNYVALE, Calif.--(BUSINESS WIRE)--April 11, 2000 Preview Systems' (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 :PRVW PRVW Preview ) digital goods commerce solution was selected by 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: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) as its technology solution for securely selling and distributing software downloads. Corel has licensed a server solution from Preview Systems to sell premium software titles online. "Our customers want the convenience of immediate fulfillment following their online purchases," said Carey Stanton, executive vice president of business development for Corel Corporation. "With Preview Systems' technology, we get a complete infrastructure platform that is scaleable to handle large volume transactions. We turned to Preview because we can leverage one common platform to provide our traditional distribution and retail partners with digital downloads of our premium titles while supporting the needs of those customers who want to download software directly from our Web site." "Corel is a popular brand and a great addition to the growing network of software publishers, record labels, distributors, service providers and retailers that have endorsed and deployed Preview's digital goods commerce solution," added Preview Systems 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. Vincent Pluvinage. "Preview's technology enables Corel to service its customers in a more efficient manner and to explore new markets and revenue models." Among the many companies that make up Preview's growing e-commerce network are Symantec, Macromedia, FileMaker, NetObjects, Canon, The Learning Company, Ingram Micro, EMI (ElectroMagnetic Interference) An electrical disturbance in a system due to natural phenomena, low-frequency waves from electromechanical devices or high-frequency waves (RFI) from chips and other electronic devices. Allowable limits are governed by the FCC. Recorded Music, Navarre, Supertracks, Reciprocal, Musicland, Beyond.com and many others. About Preview Systems Preview Systems' technology solutions enable global e-commerce networks for electronically distributing and licensing digital goods. Its systems provide an Internet-based infrastructure to connect publishers of software, music and other digital products, simultaneously to any of their distribution channels. Distribution rights, branding, licensing transactions and reports, worldwide electronic fulfillment to end-users and control of their usage rights are securely managed in real-time. Preview Systems is publicly traded on NASDAQ under the symbol PRVW. About 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. 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. All trademarks are the property of their respective owners. The statements contained in this release that are not purely historical are forward-looking statements within the meaning of Section 21E of the Securities and Exchange Act of 1934, including statements regarding Preview's expectations, beliefs, hopes, intentions or strategies regarding the future and, in particular, deployment of our solution by our announced customer and consumer downloads of content through our solution. These forward-looking statements are subject to a number of risks and uncertainties, including: the growth and acceptance of electronic distribution of software; the growth of Preview's network of software publishers, distributors, service providers and retailers; the amount of premium content available for digital download; the remaining time and effort required to complete the customer's deployment, which could be greater than expected; technical challenges specific to our customer's implementation of our solution which could impact whether the customer is able to achieve expected benefits with our solution; and the ability of our solution to achieve desired security, scalability and other expected business benefits. Actual results may differ materially due to these and other factors. The matters discussed in this press release also involve risks and uncertainties described from time to time in Preview's filings with the Securities and Exchange Commission. In particular, see the Risk Factors described in Preview's final Prospectus Final Prospectus A legal document stating the price of a newly issued security, the delivery date, and other facts that are important for investors. Notes: The final prospectus must be given to every investor who purchases a new issue of registered securities. dated December 7, 1999 for its initial public offering as well our annual report on form 10-K Form 10-K A report required by the SEC from exchange-listed companies that provides for annual disclosure of certain financial information. Form 10-K See 10-K. for the year ended December 31, 1999 and our press releases. Preview assumes no obligation to update the forward-looking information contained in this press release. |
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