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Corel Announces New Relationships with Sony and Konica

Press release from the issuing company

Ottawa, Canada – Mar 19, 2001Corel Corporation (NASDAQ: CORL, TSE: COR) today announced that it has signed new agreements with Sony Electronics and Konica Photo Imaging, Inc. Sony will bundle Corel's award-winning business productivity software with Sony's market-leading VAIO computers. Specifically, Corel WordPerfect 9 will be combined with Sony's J 150 and RX 360 desktop computers, enabling customers to take full advantage of the superior word-processing capabilities contained within Corel's flagship business application. Corel and Konica will combine their technological expertise to target the high-growth photo-manipulation market. The first initiative in this new relationship will see Corel Print House™ 2000 bundled with the new Konica Photo PC PictureShow CD. Konica customers may select the Photo CD option when they drop off their digital or 35 mm film for developing. When they pick up their photographs, they will receive the Konica Photo PC PictureShow CD, which will include photographs in digital format along with Corel Print House 2000. "We're thrilled to announce these new initiatives. They represent the first step in what we believe will be long and fruitful relationships with Sony and Konica," said Steven Houck, executive vice president of sales for Corel Corporation. "By combining our efforts, we're offering customers an incredible advantage and demonstrating our mutual commitment to providing users with a comprehensive solution tailored to meet their specific computing requirements." "Consumer comfort level with digital technology and photo manipulation has reached a point where even youngsters are comfortable customizing their own images and photos," said Robert Striano, president and CEO of Konica Photo Imaging Incorporated. "About 25 per cent of Internet-connected households in the U.S. will use film digitization services such as those offered by the Konica Photo PC Picture Show CD. With our product and Corel's graphics know-how, customers will enjoy the fun and experience of photography well past the moment the picture was taken."