Corel and Conducent Partner to Release No-Charge Version of Corel WordPerfect Suite 8.Business Editors OTTAWA & STERLING, VA--(BUSINESS WIRE)--April 18, 2000 Advertising-supported version of application will be included on millions of computer desktops shipped worldwide 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.) and Conducent, Inc. today announced an agreement which will put an advertising-supported version of Corel(r) WordPerfect(r) Suite 8 on the desktops of millions of computer users at no extra charge. The Corel WordPerfect Suite See WordPerfect Office. 8 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 (North America North America, third largest continent (1990 est. pop. 365,000,000), c.9,400,000 sq mi (24,346,000 sq km), the northern of the two continents of the Western Hemisphere. , English version), packaged with interactive advertising, is being bundled with more than 10 million new computers to be shipped worldwide throughout the year, including those being distributed by the PC Chips Group of Companies. "With this partnership, Corel is able to deliver the power and performance of Corel WordPerfect Suite 8 OEM version to a whole new audience at no extra charge," said Carey Stanton, executive vice president of business development at Corel Corporation. "Conducent is providing technology which allows us to offset our costs through advertising support while promoting our CorelCity.com application portal strategy." This initiative fits Corel's strategy to seed the market and broaden its Web audience. Users of the Corel WordPerfect Suite 8 OEM will be directed to CorelCity.com(tm) and CreativeAnywhere!(tm) for updates and value-added content and services offered online. CorelCity.com is a one-stop online destination that provides links to each of Corel's Web sites and features CreativeAnywhere!, an online creativity center where users can access a host of integrated tools and services. Conducent is providing the technology which integrates the advertisements into the application. The advertisements - by companies such as Oracle, Zkey, Individual.com and Columbia House - will appear when any of the applications within the suite are launched. However, the ads will disappear once a user starts to work on a project. "Conducent's technology and services enable software developers to increase market share and revenue by integrating advertising into their products," said Denis Denis, king of Portugal: see Diniz. Yaro, President and COO, Conducent. "The benefit to consumers is free premium software that never expires." "We are thrilled to be partnering with a mainstream consumer brand like Corel," added Yaro. "This is a huge strategic endeavor that takes the model of advertising-supported software to a new level." This no-charge version of Corel WordPerfect Suite 8 OEM includes core applications such as Corel(r) WordPerfect(r) 8, Corel(r) Quattro(r) Pro 8 and Corel(r) Presentations(tm) 8 as well as a number of bonus applications. Users can enjoy other benefits, including upgrading privileges. They can upgrade to WordPerfect(r) Office 2000 for a suggested retail price of US $109* (Standard Edition). *Dealers may sell for less. 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. About Conducent Conducent, founded in 1996, was first to market and deliver advertising to the PC desktop. Conducent's technology leverages the Internet to help software developers, portals and advertisers reach the desktop. Conducent provides its technology, free-of-charge, from www.conducent.com. 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, Quattro, Presentations, CorelCity.com, CreativeAnywhere! 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. All other products, fonts, company names and logos are trademarks or registered trademarks of their respective owners. |
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