Corel and Gobi Break New Ground in High-Performance Technology and Software Rental Markets.OTTAWA--(BUSINESS WIRE)--April 29, 1999-- Corel(R) WordPerfect(R) Suite 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 to be bundled on Gobi Inc. computers 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:COSFF)(TSE See Tokyo Stock Exchange. TSE 1. See Tokyo Stock Exchange (TSE). 2. See Toronto Stock Exchange (TSE). :COS) will enter the revolutionary new arena of affordable, high performance technology and software rentals with its new bundling agreement with Gobi Inc. The agreement will see Corel(R) WordPerfect(R) Suite 8 OEM bundled on all of Gobi's computers. The partnership will make sophisticated technology available to consumers at an affordable cost. Gobi is offering customers in the US an integrated computing service that features a new, state-of-the-art multimedia computer bundled with Corel WordPerfect Suite See WordPerfect Office. 8 OEM and unlimited Internet access See how to access the Internet. for only US $25.99 a month (plus a one-time setup fee of US $29.99 and a shipping and handling charge of US $45.00). Gobi will constantly upgrade the software and hardware components of the service, and will provide subscribers with a brand new computer every 36 months, to keep them current with the latest technology. Corel and Gobi are also discussing additional software rental opportunities for professional and consumer graphics applications. "This bundle with Corel WordPerfect Suite 8 OEM is further validation that Corel is leading the way as the compatible, high-volume, low-cost alternative in high performance productivity applications,"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. "The barriers to owning a computer are coming down and we are delighted that so many new users will have access to our software." Corel WordPerfect Suite 8 OEM is a full-featured office productivity suite with Corel WordPerfect See WordPerfect Office and WordPerfect Corporation. 8 for fast and efficient word processing word processing, use of a computer program or a dedicated hardware and software package to write, edit, format, and print a document. Text is most commonly entered using a keyboard similar to a typewriter's, although handwritten input (see pen-based computer) and ; Corel(R) Quattro(R) Pro 8 for spreadsheet applications; and Corel(R) Presentations(TM) for dazzling presentations. Also included are CorelCENTRAL(TM) for personal information management, Corel Photo House(TM) 1.1, Envoy(TM) 7 Viewer and Quick View Plus(TM). Gobi Inc. chief executive officer Ganesh Ramakrishnan said this partnership with Corel is an important element in his company's new technology marketing paradigm. "Our goal is to provide consumers with an integrated computing experience. Our computers are available immediately, and our target in 1999 is to ship one million units," said Mr. Ramakrishnan. "This partnership with a leading technology company like Corel will ensure that our customers get the latest in computing power combined with proven business productivity applications at an affordable price. "Along with this immediate bundle of Corel WordPerfect Suite 8 OEM on our computers, we are pleased to be working with Corel to expand our offerings to include the rental of additional software applications," said Mr. Ramakrishnan. A photo of the bundle is available at http://www.corel.com/news/index.htm. 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 performance, compatibility, value and open standards Specifications for hardware and software that are developed by a standards organization or a consortium involved in supporting a standard. Available to the public for developing compliant products, open standards imply "open systems;" that an existing component in a system can be replaced , 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. (SM)under the symbol COSFF 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 COS. For more information visit Corel's Web site at ( http://www.corel.com ). About Gobi Inc. Gobi aims to be the consumers' point of contact with technology. By lowering the barriers of acquisition and the cost of obsolescence ob·so·les·cent adj. 1. Being in the process of passing out of use or usefulness; becoming obsolete. 2. Biology Gradually disappearing; imperfectly or only slightly developed. for computing and connectivity, Gobi allows a large number of consumers to become an active part of the rapidly growing technology world. Gobi sorts through the confusing mass of updates and changes in the industry and passes along the most appropriate solutions to its members. This provides members with the security of knowing that all of their computing and connectivity needs will be met, without having to become technology experts themselves. Additional information is available on the Gobi Web site at ( http://www.gobi.com ). (1) Fact Sheet to follow. Corel, WordPerfect, Quattro Pro A Windows spreadsheet from Corel that provides advanced graphics and presentation capabilities, including goal seeking, 3D graphing and the ability to create multi-layered slide shows. It is optionally keystroke compatible with Lotus 1-2-3. , Presentations, CorelCENTRAL, Photo House 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 Linus Benedict Torvalds (born December 28 1969 in Helsinki, Finland) is a Finnish software engineer best known for initiating the development of the Linux kernel. . UNIX is a registered trademark of The Open Group. All other product and company names are trademarks or registered trademarks of their respective companies. Gobi and the Gobi logo are servicemarks of Gobi Inc. Fact Sheet, Gobi Inc. Who is Gobi? In 1998, the partners at Gobi came up with the compelling idea to create a company which could serve as its customers point of contact with the computer world. The Gobi goal is to make computers and the Internet accessible to everyone by making them easier to get and more affordable than ever before. Gobi simplifies the experience of acquiring and using a computer and the Internet by bringing them together as a single service. To make this happen, Gobi has partnered with several leading technology companies, including Corel. Additional information on this privately-held company is available on the Gobi Web site at http://www.gobi.com. The Gobi Offer For US $25.99 a month (plus a one-time setup fee of US $29.99 and a shipping and handling charge of US $45.00), Gobi provides its US members with a new, state-of-the-art multimedia computer every 36 months. After the 36 month term is up, the customer gets to keep the computer for a small fee (less than US $50), or can donate the computer to charity, renew the membership and receive another brand new computer. If a customer chooses to terminate his relationship with Gobi within the first year of service, the penalty charge is US $699, but the customer gets to keep the computer. If a customer terminates after the second year, the penalty is US $499; in the third year the penalty is US $249; in all cases, the customer gets to keep the computer. Each customer's monthly service charge will remain the same for their entire term of membership with Gobi. Each computer comes fully equipped with unlimited Internet access, user-friendly navigation tools, and customized software See custom software. that is continually upgraded. This offer is exclusively sold to individuals at this time. Gobi is not being offered for commercial use. Becoming a Gobi Member To become a Gobi member, and receive a state-of-the-art computer for US $25.99 a month, please see the Gobi Web site at http://www.gobi.com and go to "Order My Gobi." There is a three-step online application process, or you can print off the Gobi order form and mail or fax it in. Gobi's mailing address is Box 1431, Church Street Station, New York New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of , NY, 10008-1431. You can email Gobi for more information at contact@corp.gobi.com The Gobi Computer Gobi computers are manufactured by the world's leading customized computer manufacturer, whose clients include IBM (International Business Machines Corporation, Armonk, NY, www.ibm.com) The world's largest computer company. IBM's product lines include the S/390 mainframes (zSeries), AS/400 midrange business systems (iSeries), RS/6000 workstations and servers (pSeries), Intel-based servers (xSeries) . Gobi computers are built in accordance with the most rigorous industry standards and come with a full year warranty and free technical support, available 24 hours a day, 7 days a week, via a toll free number. The Gobi System Includes: -- Intel Celeron 333 Mhz Processor -- 32 MB RAM -- 3.2 GIG Hard Drive -- 56K Modem -- 40x CD ROM CD ROM Compact Disk Read Only Memory -- 15" Color Monitor -- Speakers -- Corel(R) WordPerfect(R) Suite 8 OEM -- Microsoft Windows 98 Corel WordPerfect Suite 8 OEM Includes: -- Corel WordPerfect 8 -- Corel(R) Quattro(R) Pro 8 -- Corel(R) Presentations(TM) -- CorelCENTRAL(TM) -- Corel PHOTO House(TM) 1.1 -- Envoy(TM) 7 Viewer -- Quick View Plus(TM) |
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