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Subject: OASIS Member News -- Corel Smart Graphics Studio Wins Best New Technology Award at FOSE 2003
For Immediate Release Corel(r) Smart Graphics Studio Wins Best New Technology Award at FOSE 2003 Corel(r) Smart Graphics Studio Takes Top Honors in the Best Electronic Government Software Category Ottawa, Canada - April 9, 2003 - Corel Corporation (NASDAQ: CORL, TSX: COR) today announced that its upcoming product Corel Smart Graphics Studio has been recognized by the editors at Government Computer News as the best new electronic government software at FOSE 2003 (Federal Office Systems Exhibition) in Washington, D.C. The prestigious Best New Technology Awards are presented at FOSE and recognize the best new IT products serving government. Products are judged based on their value, innovation, features and relevance or applicability in the federal government. FOSE is the largest information technology exposition serving the government marketplace. It draws thousands of high-level attendees from the military, civilian, state and local agencies, along with suppliers to government, corporate, education, and healthcare buyers. This award sets the stage for the upcoming release of Corel Smart Graphics Studio later this quarter. Corel Smart Graphics Studio is a development platform designed to speed and simplify the creation of SVG-based smart graphics - a new form of enterprise-class, graphically-rich Web application. These solutions enable government and enterprise customers to deliver information to users in a powerful and compelling format by transforming XML and legacy data into dynamic and interactive graphics. Corel Smart Graphics Studio helps government customers improve communications by enabling the cost-effective delivery of services and information to multiple stakeholders - whether the information is being shared between agencies, with citizens or with businesses. "In addition to Corel Smart Graphics Studio winning best electronic government software, two other Corel applications - WordPerfect Office 11 and Corel XMetaL 4 - were also selected as finalists for these awards. This clearly demonstrates that Corel is recognized as a supplier of essential tools for government," said Mark Hopkins, federal sales manager for Corel. "These exceptional applications are the result of Corel's ongoing commitment to provide our government customers with tools that leverage XML to enhance their services, reduce costs and enable them to become more citizen-centric." "Corel understands the challenges government customers face in delivering massive amounts of information inter-agency and to citizens. We have focused on developing solutions specifically for e-government that leverage the power of open standards to deliver the next generation of government services," said Ian LeGrow, vice president of new ventures for Corel. "Corel Smart Graphics Studio is providing government IT managers and solution providers with new possibilities for Web communications - leveraging SVG-based smart graphics as a powerful way to deliver services and share information." Corel Smart Graphics Studio reduces the cost and complexity of building and delivering graphically-rich Web applications. Based on open standards, solutions built with Corel Smart Graphics Studio are not dependent on proprietary file formats and are highly interoperable with existing tools and infrastructure. For more information on Corel Smart Graphics Studio, please visit www.corel.com/smartgraphics. -30- About Corel Corporation Founded in 1985, Corel Corporation (www.corel.com) is a leading technology company specializing in content creation tools, business process management and XML-enabled enterprise solutions. The company's goal is to give consumers and enterprise customers the ability to create, exchange and instantly interact with visual content that is always relevant, accurate and available. With its headquarters in Ottawa, Canada, Corel's common stock trades on the Nasdaq Stock Market under the symbol CORL and on the Toronto Stock Exchange under the symbol COR. This press release contains forward-looking statements as defined by the United States Private Securities Litigation Reform Act of 1995, involving the company's expectations about future financial results and other matters. These statements reflect management's current forecast of certain aspects of the company's future business. These forward-looking statements are subject to certain risks and uncertainties that could cause actual results of operations to differ materially from historical results or current expectations. The words "plan", "expect", "believe", "intend", "anticipate", "forecast", "target", "estimate" and similar expressions identify forward-looking statements. Risk factors include 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 for a more complete discussion of the other risks and uncertainties. The factors underlying forecasts are dynamic and subject to change. As a result, forecasts speak only as of the date they are given and do not necessarily reflect the company's outlook at any other point in time. The company does not undertake to update or review these forward-looking statements. (c) 2003 Corel Corporation. All rights reserved. Corel, WordPerfect, XMetaL and the Corel logo are trademarks or registered trademarks of Corel Corporation and/or its subsidiaries. All other product, font and company names and logos are trademarks or registered trademarks of their respective companies. Jessica Gould Senior Communications Manager Corel Corporation 613-728-0826 x 5405
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