Corel and FutureLink Partner To Offer WordPerfect Office 2000 Over the Web; Subscription Pricing Model To Be Used By Office Productivity Player.IRVINE, Calif.--(BUSINESS WIRE)--Nov. 8, 1999-- FutureLink Corp. (OTC OTC See: Over-the-counter. OTC See over-the-counter market (OTC). BB:FLNK FLNK Fully Associated Link ) and 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) today announced a pilot program for Corel's new online initiative - subscription pricing via the Internet. FutureLink will remotely host WordPerfect(R) Office 2000 so that FutureLink clients can purchase monthly rental licenses for the software. "The business-to-business market is demanding easy, cost-effective ways to access best-of-class applications," said Glen C. Holmes, president and COO of FutureLink. "We are pleased that FutureLink will have the opportunity to make Corel's product line available to any user, any time, any where, with the speed, simplicity and service of a utility." FutureLink allows organizations to outsource all computing service and support, and precisely manage the total cost of technology ownership. For a flat fee, FutureLink customers subscribe to the computer utility service on a per-seat basis, receiving thin-client or PC hardware and fast Internet access to brand-name application software and complete support services support services Psychology Non-health care-related ancillary services–eg, transportation, financial aid, support groups, homemaker services, respite services, and other services . "We chose to partner with FutureLink because of its reputable service offerings and leading position in the market," said Dr. Michael Cowpland, president and chief executive officer of Corel Corporation. "Our relationship with FutureLink will enable us to expand our market reach because it allows us to implement a subscription pricing model for our world-class office productivity suite, WordPerfect Office 2000." WordPerfect Office 2000 includes WordPerfect 9 for fast and efficient word processing; Quattro(R) Pro 9 for spreadsheet applications; Corel(R) Presentations(TM) 9 for slideshows; CorelCENTRAL(TM) 9 for personal information management; and Trellix(R) 2.0 for Web publishing. This program will only be available to FutureLink's existing customers or customers that sign-up for FutureLink's other offerings. Pricing for WordPerfect Office 2000 starts at USD USD In currencies, this is the abbreviation for the U.S. Dollar. Notes: The currency market, also known as the Foreign Exchange market, is the largest financial market in the world, with a daily average volume of over US $1 trillion. $9.99 per user per month. About FutureLink FutureLink, The Computer Utility Company(TM), is a founder of the Application Service Provider (ASP) industry and a founding member of the ASP Industry Consortium (Application Service Provider Industry Consortium, Wakefield, MA) A now disbanded trade organization founded in 1999 dedicated to research and standards in the application service provider (ASP) industry. . The company has the largest installed base of application hosting platforms with thousands of customers worldwide. FutureLink's Application Hosting Services Division provides businesses with off-site, Internet-based computing, allowing subscribers to escape costly hardware/software upgrade cycles, precisely control total cost of technology ownership and focus on their core businesses. The division offers customers an all-inclusive, trouble-free ASP service at a predictable price and provides computing service as transparently and reliably as today's utilities deliver electricity, water and telephone service. The company's Application Hosting Platforms Division builds application server farms and provides Citrix application server software integration services. With Application Hosting Platform solutions, FutureLink customers manage their own server farms, and provide ASP services to users with their own IT staff and FutureLink consultants. For more information, contact FutureLink toll-free at (877) 216-6001; e-mail: sales@futurelink.net; or visit the FutureLink Web site at http://www.futurelink.net. About Corel Corporation: Corel Corporation is an internationally recognized developer of award-winning graphics and business productivity applications. Development of market-leading products such as the CorelDRAW(R) line of graphics applications and the Corel(R) WordPerfect(R) Suite of business tools is continually evolving to meet the demands of the corporate, retail and academic markets. Committed to value, compatibility, choice and open standards, Corel develops products for the 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). (R), Linux(R) and Java(TM) platforms. 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. For more information visit Corel's Web site at www.corel.com. Forward-looking statements and comments in this press release are made pursuant to safe harbor Safe Harbor 1. A legal provision to reduce or eliminate liability as long as good faith is demonstrated. 2. A form of shark repellent implemented by a target company acquiring a business that is so poorly regulated that the target itself is less attractive. provisions of the Securities Exchange Act of 1934. Such statements relating to, among other things, the prospects for the companies to complete the transaction and enhance operating results, are necessary subject to risks and uncertainties, some of which are significant in scope and nature. These risks may further be discussed in periodic reports and registration statements to be filed by the Company from time to time with the Securities and Exchange Commission in the future. Corel, WordPerfect, CorelDRAW, Quattro, Presentations, CorelCENTRAL 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. UNIX is a registered trademark of The Open Group. All other product names are trademarks of their respective companies. All other brands and products referenced herein are the trademarks or registered trademarks of their respective holders. |
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