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Corel up for acquisition amidst Cloud Computing ramp up?

Corel Corporation (NASDAQ:CREL)(TSX:CRE), a leading developer of
graphics, productivity and digital media software ("Corel"), today
responding to previous reports, and consistent with its press release
issued Monday, August 18th, which indicated that its Special Committee
had "identified" strategic alternatives, stated that it is in
discussions with a third party regarding a potential sale of Corel. No
agreement has been reached regarding a sale of Corel and there can be
no assurance that such an agreement will be reached. In addition,
there can be no assurance that any transaction will be completed or,
if completed, of its terms, price or timing. For a discussion of many
of the risks and uncertainties pertaining to ownership of Corel
shares, please refer to Corel's Annual Report on Form 10-K for the
year ended November 30, 2007, on file with the Securities and Exchange
Commission.


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