Daniel T. Ciporin Joins Corel Board of Directors.OTTAWA -- 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 :CREL CREL Circular Regional Externa de Lisboa ) (TSX TSX Toronto Stock Exchange (TSE before April, 2002) TSX Transfer from Stack Pointer to Index TSX True Space Extension :CRE CRE Commercial Real Estate CRE Corporate Real Estate CRE Commission for Racial Equality (Scotland) CRE CCD (Charge Coupled Device) and Readout Electronics CRE Camp Response Element ), a leading developer of graphics, productivity and digital media software, today announced that Daniel T. Ciporin has joined its Board of Directors. Mr. Ciporin will also serve on the Company's audit committee, replacing Alexander Slusky. Corel has determined that Mr. Ciporin is "independent" for the purposes of Nasdaq and other applicable rules. Mr. Slusky remains a director and Chairman of Corel's Board, and he will continue to serve on Corel's compensation and nominating committees. Mr. Ciporin is the former Chairman and Chief Executive Officer of Shopping.com Ltd., which grew to be one of the largest ecommerce sites on the web before it was acquired by eBay for US $620 million in June 2005. Prior to Shopping.com, he served as senior vice president of MasterCard International where he was responsible for global debit services and helped establish the company's 70% market share in the global electronic debit market. Prior to MasterCard International, Mr. Ciporin was a management consultant for Mars and Co. and Corporate Value Associates where he conducted strategy studies for Fortune 500 companies. Mr. Ciporin currently serves on the board of directors at publicly traded companies publicly traded company A company whose shares of common stock are held by the public and are available for purchase by investors. The shares of publicly traded firms are bought and sold on the organized exchanges or in the over-the-counter market. VistaPrint and Primedia. He also serves as a venture partner at Canaan Partners, focusing on technology trends and investment opportunities in the Internet and digital media sectors. "We are very pleased to have Dan join our Board," said David Dobson David James Dobson (born 1965, Mississauga, Ontario) is a Canadian murderer who is currently serving a life sentence in a medium security federal penitentiary in Kingston, Ontario. , 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. of Corel Corporation. "He brings tremendous insight and will add value to the company as we continue to pursue our long term growth strategy." "I am honored to be joining Corel's Board during this next phase of the company's transformation," said Mr. Ciporin. "Corel is in a unique position in the industry, with the ability to leverage its broad product portfolio and robust distribution channels to deliver even greater value to its end-users and partners around the world. I look forward to working with Corel as they pursue the market opportunities ahead." About Corel Corporation Corel is a leading developer of graphics, productivity and digital media software with more than 100 million users worldwide. The Company's product portfolio includes some of the world's most popular and widely recognized software brands including CorelDRAW[R] Graphics Suite, Corel[R] Paint Shop Pro[R], Corel[R] Painter[TM], Corel DESIGNER A full-featured Windows drawing program from Corel that has been widely used by technical illustrators. Originally developed by Micrografx, which was acquired by Corel in 2001, Corel DESIGNER is a very sophisticated vector graphics program providing many features of a CAD program, [R], Corel[R] WordPerfect[R] Office, WinZip[R] and iGrafx[R]. In 2006, Corel acquired InterVideo, makers of WinDVD[R], and Ulead, a leading developer of video, imaging and DVD authoring DVD authoring describes the process of creating a DVD video that can be played on a DVD player. DVD authoring software must conform to the specifications set by the DVD Forum group in 1995. software. Designed to help people become more productive and express their creative potential, Corel's software strives to set a higher standard for value with full-featured products that are easier to learn and use. The industry has responded with hundreds of awards recognizing Corel's leadership in software innovation, design and value. Corel's products are sold in more than 75 countries through a well-established network of international resellers, retailers, original equipment manufacturers, online providers and Corel's global websites. The Company's headquarters are located in Ottawa, Canada with major offices in the United States, United Kingdom, Germany, China and Japan. Corel's stock is traded on the NASDAQ under the symbol CREL and on the TSX under the symbol CRE. (c) 2007 Corel Corporation. All rights reserved. Corel, CorelDRAW, Paint Shop Pro, Snapfire, Painter, Corel DESIGNER, WordPerfect, WinZip, iGrafx, the Corel logo, InterVideo, Ulead, WinDVD and WinDVD Creator are trademarks or registered trademarks of Corel Corporation and/or its subsidiaries. All other trademarks are the property of their respective holders. CRELF |
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