Totally Hip Signs Management Consultant Agreement with Former Corel Executive Officers.VANCOUVER, B.C.--(BUSINESS WIRE)--Jan. 15, 1997-- Fundamental Software Management Consultant Agreement with Fundamental Software to Provide Totally Hip with Assistance in Marketing, Distribution, 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 Sales, Licensing and Financing Totally Hip Software Inc. (ASE (Adaptive Server Enterprise) A relational DBMS from Sybase that runs on Windows NT/2000, Linux and a variety of Unix platforms. ASE is a comprehensive and robust data management product with a long history dating back to the late 1980s. :THW THW Technisches Hilfswerk (German government disaster relief organization) THW This House Would (debating) THW Turnverein Hassee-Winterbek (Kiel, Germany handball team) ), an innovative provider of award-winning cross-platform Web animation tools, today announced that it has signed a one year management consultant agreement with Fundamental Software Inc. of Ottawa, Ontario. Fundamental Software will assist the 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. , President and senior management of Totally Hip Software with corporate strategy, business development, acquisitions, strategic alliances, marketing, OEM sales, corporate financing opportunities, and recruitment of key employees in marketing, sales, development and product distribution. "I am looking forward to working with Randall, Rajiv and the Totally Hip team to ensure that the company and their new products reach their full potential," says Trevor McGuire, CEO of Fundamental Software. "We will be focusing our initial efforts to assist the CEO and management team with corporate strategy, strategic alliances, financing, and recruitment of key employees in marketing, distribution and sales. They have excellent products and technology and I feel that management has brought together most of the necessary ingredients to become a world class software company. We are excited to be at this particular growth stage of the company." "I'm excited to be working with the senior management and product development teams at Totally Hip Software," says Tony Davidson, Chief Technology Officer of Fundamental Software. "Totally Hip has innovative core streaming technology and their new Web based Coming from a Web server. See Web application. multimedia products are receiving rave reviews. They have a number of new products that will be released in 1997 and I feel with the proper direction and positioning, their innovative products and technology are poised to become a de-facto standard for Web animation design and multimedia development." Fundamental Software was formed in late 1996 by Trevor McGuire and Tony Davidson, two former key Executive Officers of 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. . McGuire was employed at Corel from 1987 to July of 1994. In his most recent position as General Manager, McGuire worked closely with Corel's CEO in all areas of strategic corporate management, product planning Product Planning is the ongoing process of identifying and articulating market requirements that define a product’s feature set. See also
Ventura Publisher - Corel VENTURA . McGuire left Corel in late 1994 to pursue an MBA MBA abbr. Master of Business Administration Noun 1. MBA - a master's degree in business Master in Business, Master in Business Administration . Tony Davidson was employed at Corel Corporation from 1991 to December of 1996. In his most recent position as Executive Director of Corel's Multimedia Division, Davidson worked closely with Corel's CEO in the areas of product direction and overall corporate strategy where he was responsible for the development and release of over 750 CD-ROM CD-ROM: see compact disc. CD-ROM in full compact disc read-only memory Type of computer storage medium that is read optically (e.g., by a laser). titles, including products that he personally pioneered such as the Corel Professional Photo Series and Corel's CD Creator. While at Corel, Davidson managed third party development teams that created products in the educational and entertainment categories. He also negotiated a number of software acquisitions, and was key in helping to develop Corel's Internet strategy. Davidson left Corel in December of 1996 to pursue other interests. "We are aggressively pursuing the growing market for Web animation and multimedia application development solutions for the Internet, Intranet and traditional multimedia development tools markets," says Randall H. McCallum, Chairman & CEO, Totally Hip Software Inc. "Trevor and Tony gained and brought forth considerable expertise while employed at Corel Corporation, the world-class leader in graphics and multimedia software. Rajiv and I have personally known Trevor and Tony since 1992, through prior software development agreements and business relationships with Corel. Their entrepreneurial spirit, strategic management expertise, product development skills and vision for the future are ideally suited to assist Totally Hip with our efforts to move to the next stage of growth for the company. We look forward to their valued assistance over the next year." Fundamental Software Inc. will be compensated by Totally Hip Software Inc. through various corporate means. The principals of Fundamental Software will also be compensated through specific incentive agreements made with certain founders of Totally Hip Software Inc. The agreement is for a period of one year, and is renewable on the anniversary date through mutual agreement and understanding by both companies. Fundamental Software Inc.: Fundamental Software Inc. was founded in 1996, by Trevor McGuire and Tony Davidson, two former executive officers of Corel Corporation to utilise their extensive experience in the areas of high-technology business and software development. Key focus areas include software development and marketing of personal computer software, senior level management consulting Noun 1. management consulting - a service industry that provides advice to those in charge of running a business service industry - an industry that provides services rather than tangible objects and software technology brokering. Totally Hip Software Inc.: Founded in January 1995, Totally Hip Software, located in Vancouver, BC, develops and markets award winning multimedia and Web-based software. These products include Object Scenario, a multimedia authoring technology, Sizzler siz·zler n. 1. One that sizzles. 2. Informal A very hot day. media players, and the WebPainter animation product family for Macintosh and Windows '95/NT, which are all available commercially as well as on a non-exclusive OEM licensing basis. The Object Scenario technology was developed with the assistance of the Province of British Columbia British Columbia, province (2001 pop. 3,907,738), 366,255 sq mi (948,600 sq km), including 6,976 sq mi (18,068 sq km) of water surface, W Canada. Geography through the Technology BC program of the Science Council of British Columbia. Object Scenario can be used to develop new products or customize existing products including multimedia content creation tools, multimedia Web browsing See browse. , Web creation and Web server software, Web entertainment products, as well as multimedia authoring and presentation tools. All product names are trademarks or registered trademarks of their respective companies. -0- NOTE TO EDITOR: The Alberta Stock Exchange Alberta Stock Exchange See Canadian Venture Exchange (CDNX). has neither approved nor disapproved of the contents of this press release. CONTACT: Totally Hip Software Inc. Randall H. McCallum, 604/685-6525 rmccallum@totallyhip.com or Fundamental Software Inc. Trevor McGuire, 613/825-6415 tmcguire@globalx.net |
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