RAND Worldwide to acquire CADVisions, Inc.



    MISSISSAUGA, ON, Jan. 31 /CNW/ - RAND A Technology Corporation ("RAND
Worldwide(TM)" or the "Company"), (TSX: RND), a global leader in providing
technology solutions to organizations with engineering design and information
technology requirements, announced that it has entered into a Letter of Intent
to acquire Dallas, Texas based CADVisions, Inc. The purchase price, payable by
RAND, will be made in cash, and the transaction is expected to close on or
about April 1, 2007.
    CADVisions, an Authorized Autodesk Service and Support Center, is a
leading provider of Autodesk Inc. software and associated training, consulting
and support services, which generates approximately USD$5.0 million per year
in revenue. With approximately 20 employees based out of offices in Dallas,
Texas; Wichita, Kansas; and Tulsa, Oklahoma, CADVisions has more than
750 customers including several Fortune 500 companies.
    "Driving growth via acquisitions is a fundamental component of our
strategy to build our business," said Frank Baldesarra, President and CEO of
RAND Worldwide. "Our acquisition of CADVisions enables us to extend the
geographical reach of IMAGINiT, our Autodesk operations, by establishing a
significant presence within the rapidly growing Texas, Kansas and Oklahoma
markets. CADVisions' extensive experience, as well as its reputation for
providing superior service, has allowed it to build and maintain loyal and
long-term relationships, with more than 80% of its revenue coming from repeat
business with existing customers."
    "CADVisions joining IMAGINiT enables us to enhance our local expertise
and client relationships," said Roy Burchfield, President of CADVisions. "Of
our three locations, the Dallas area has significant opportunity for growth,
and now we will be able to leverage the resources, infrastructure and
expertise of a well respected global organization to meet the needs of our
customers, especially those with offices across the continent and around the
world."
    This transaction is subject to the customary closing conditions including
regulatory approval, due diligence satisfactory to RAND and execution of a
definitive purchase agreement.

    About CADVisions, Inc.

    CADVisions was started in 1985 as one of the first firms to use CAD to
produce drawings, by 1992 there was a need for a value added reseller in the
Dallas/Ft Worth area. Since then CADVisions has grown into one of the largest
and most respected names in the CAD industry with offices in Texas, Oklahoma
and Kansas. For more information about CADVisions please visit
www.cadvisions.com.

    About IMAGINiT Technologies

    IMAGINiT Technologies, a unit of RAND Worldwide, is a leading provider of
design and engineering solutions to the building, manufacturing,
infrastructure and media & entertainment industries. With over 40 offices in
North America and Asia-Pacific, IMAGINiT is a leading provider of Autodesk
software solutions and the largest North American Autodesk Authorized Training
Center (ATC) partner in North America. IMAGINiT delivers knowledge, expertise
and design processes to clients through proven technical support, training and
consulting services. Our locations are supported by a vast pool of engineering
resources that are focused on developing real-life business solutions for our
local clients. For more information about IMAGINiT please visit
www.rand.com/imaginit.

    About RAND Worldwide

    RAND Worldwide is one of the world's leading providers of professional
services and technology to the engineering community; targeting organizations
in the manufacturing, building and infrastructure industries. RAND enables its
customers to improve their competitiveness, productivity and profitability by
enhancing key aspects of their 3D Design, Data Management and Collaboration
capabilities. With more than 20 years of industry experience, RAND delivers
knowledge, expertise and design processes to clients through proven technical
support, training and consulting services. RAND employs 439 people in 70
global sales and client service centers. For more information about RAND
please visit www.rand.com.

    FORWARD-LOOKING STATEMENTS

    This news release may contain forward-looking statements based on
management's current projections, beliefs and opinions at the date of this
news release. Actual results could differ materially from those anticipated in
these statements, due to risks and uncertainties which affect the Company's
business and operations. Reference should be made to the Company's Annual
Information Form and other continuous disclosure documents filed from time to
time with Canadian securities regulatory authorities, for a detailed
description of such risks and uncertainties. RAND Worldwide undertakes no
responsibility to update forward-looking statements if circumstances or
management's projections, beliefs or opinions change.




For further information:

For further information: Peter Gimon, Chief Financial Officer, RAND
Worldwide, Tel: (905) 625-2000, Fax: (905) 625-8535; Dave Mason, Investor
Relations, The Equicom Group Inc., Tel: (416) 815-0700 ext. 237

Organization Profile

RAND WORLDWIDE

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