Rand A Technology Corporation Announces Shareholder Approval of Acquisition by Ampersand Ventures

    MISSISSAUGA, ON, Oct. 30 /CNW/ - Rand A Technology Corporation (TSX:
RND), operating as RAND Worldwide(TM) ("Rand" or the "Company"), announced
that, at its special meeting of Rand shareholders held today, Rand
shareholders approved the arrangement pursuant to Section 182 of the Business
Corporations Act (Ontario) whereby certain funds managed by Ampersand Ventures
will acquire, through their affiliate, 2144258 Ontario Inc., all of the issued
and outstanding common shares of Rand for a cash purchase price of C$2.10 per
common share (the "Arrangement").
    The Arrangement resolution giving effect to the transaction with
Ampersand was approved by over 77% of the Rand shares represented in person or
by proxy at the special meeting. The Arrangement resolution was also approved
by a majority of Rand's minority shareholders as required by applicable law.
    Final Court approval of the Arrangement is scheduled for October 31, 2007
and, subject to satisfaction or waiver of the remaining closing conditions,
the closing of the Arrangement is expected to occur on November 1, 2007.


    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, infrastructure and media and entertainment
industries. RAND Worldwide enables its clients 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 Worldwide delivers knowledge,
expertise and design processes to clients through proven technical support,
training and consulting services. RAND Worldwide employs 448 people in more
than 50 sales and client service centers. For more information please visit

For further information:

For further information: REGARDING THE ARRANGEMENT CONTACT 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

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