OTTAWA, April 26 /CNW/ - Corel Corporation (NASDAQ: CREL) (TSX:CRE), 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 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, CEO
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(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
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
(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.
For further information:
For further information: Corel Corporation Catherine Hughes,
613-728-0826 ext. 1659 (Press) firstname.lastname@example.org or The Blueshirt
Group Todd Friedman, 415-217-7722 (Investor Relations) email@example.com
Stacie Bosinoff, 415-217-7722 (Investor Relations) firstname.lastname@example.org