Acceleware withdraws short form prospectus offering



    /NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR DISSEMINATION IN THE
    U.S./

    CALGARY, July 18 /CNW/ - Acceleware Corp. (the "Corporation" or
"Acceleware") (trading symbol "AXE" TSXV), announces that it will not continue
with the short form prospectus offering previously announced in a press
release dated June 11, 2008 due to market conditions.

    About Acceleware

    Acceleware develops and markets solutions that enable software vendors to
leverage heterogeneous, multi-core processing hardware without rewriting their
applications for parallel computing. This acceleration middleware allows
customers to speed-up simulation and data processing algorithms, benefiting
from high performance computing technologies available in the market such as
multiple-core CPUs, GPUs or other acceleration hardware. Acceleware's
expertise involves writing highly parallel software for many different
(high-performance computing) hardware platforms.
    Acceleware solutions are deployed by companies worldwide such Philips,
Boston Scientific, Samsung, Eli Lilly, General Mills, Nokia, LG, RIM, Kyocera,
Medtronic, Hitachi, Fujifilm, FDA, Mitsubishi, Sony Ericsson, AGC, NTT DoCoMo,
and Renault to speed up product design, analyze data and make better business
decisions in areas such as electronic manufacturing, oil & gas, medical and
security imaging, industrial and consumer products, and academic research. For
more information about Acceleware, please visit www.acceleware.com.
    Acceleware is a public company on Canada's TSX Venture Exchange under the
trading symbol AXE.

    CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING STATEMENTS

    This document may contain "forward-looking information". These statements
relate to future events or the Corporation's future performance. All
statements other than statements of historical fact may be forward-looking
statements. Forward-looking statements are often, but not always, identified
by the use of words such as "seek", "anticipate", "plan", "continue",
"estimate", "expect", "may", "will", "project", "predict", "potential",
"targeting", "intend", "could", "might", "should", "believe" and similar
expressions. Forward-looking information involves known and unknown risks,
uncertainties and other factors that may cause the actual results, performance
or achievements of the Corporation to be materially different from any future
results, performance or achievements expressed or implied by the
forward-looking information. Such factors include, among others, projections
of market prices and costs; potential benefits to Acceleware customers,
including cost savings and increases to cash flow and productivity; advantages
to using Acceleware's products and services; ease and efficiency of
implementing Acceleware's products and services; supply and demand for
Acceleware's primary products and services; and expectations regarding
Acceleware's ability to raise capital and to protect, continually exploit and
continually develop its products and services, as well as those factors
discussed in the section entitled "Risk Factors" in the Corporation's Annual
Information Form dated May 26, 2008 and in the "Risk Factors" section of the
preliminary prospectus relating to the Offering. Although the Corporation has
attempted to identify important factors that could cause actual actions,
events or results to differ materially from those described in forward-looking
information, there may be other factors that cause actions, events or results
not to be as anticipated, estimated or intended. There can be no assurance
that forward-looking information will prove to be accurate, as actual results
and future events could differ materially from those anticipated in such
statements. Accordingly, readers should not place undue reliance on
forward-looking information.

    The TSX Venture Exchange does not accept responsibility for the adequacy
    or the accuracy of this release.

    %SEDAR: 00021476E




For further information:

For further information: Acceleware Corp., Norman Tsui, Chief Financial
Officer, (403) 444-7778, Email: investor@acceleware.com, Website:
www.acceleware.com

Organization Profile

ACCELEWARE CORP.

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