Alchemy Software Development announces the availability of Alchemy CATALYST 5.0 Japanese edition
Alchemy Software Development in partnership with XLsoft to release Alchemy CATALYST 5.0 Japanese in January 2004

Dublin, Ireland - Tokyo, Japan — December 1st, 2003 — Alchemy Software Development, the market leader in visual localization solutions, in partnership with XLsoft Corporation, a leading distributor of Japanese development and localization tools, today announced the release of a fully localized Japanese version of Alchemy CATALYST 5.0. This release, which is planned for January 2004, will enable development companies in Japan localize their Microsoft desktop, mobile and internet applications quickly, improving revenue growth opportunities in international markets.

Alchemy CATALYST 5.0 is the most significant upgrade to their award winning and industry leading Alchemy CATALYST product line. Combining sophisticated visual environments for all of the most popular development platforms, database and XML/XLIFF technologies, it ensures that localization projects take less time to complete, quality will be improved, Engineering and QA cycle times will shorten and the overall cost of localization will be reduced.

“High-quality translation of software applications is crucial to the success of multi-national companies.” said Tony O'Dowd, CEO Alchemy Software Development, “Today's highly competitive markets require solutions that lower overall costs, reducing time-to-market and improving quality. Alchemy CATALYST 5.0 meets these requirements head-on. Using advanced Translation Memory technology and an intuitive interface, it compliments the work of localization professionals helping them work more efficiently and produce higher quality translations.”

“Japan is one of the largest software development regions in the world and it needs high quality visual localization tools to develop products for the home and international markets.” said Mitsutoshi Watanabe, CEO, XLsoft Corporation, “Alchemy CATALYST 5.0/J is the only visual localization solution available in Japanese. It provides a highly visual environment designed to reduced localization and engineering costs, improve quality and reduce project cycle times. We have already deployed Alchemy CATALYST into several of the largest Japanese software publishers and they are experiencing dramatic gains in efficiencies within their localization process.”. (For Japanese text of this release, please go to: http://www.xlsoft.com/jp/services/press_release.html)

Driven by innovation and breakthroughs in translation technologies, Alchemy CATALYST 5.0 delivers visual localization solutions to help boost speed, improve quality, and reduce the localization cost for thousands of localization professionals worldwide. Its highly visual localization environment integrates powerful project management utilities and services and includes highly productive and secure environments for translators, developers, and localizers.

Alchemy Software Development Ltd. has its headquarters in Dublin, Ireland at Harcourt Business Center, Harcourt Street, Dublin 2

Alchemy Software Development Limited
Alchemy Software Development is the market leader in visual development tools for the localization industry. Multinational enterprises developing applications for Java, Windows9x, NT, ME, 2000, XP, SymbianOS, .NET, and XML, use Alchemy technology to accelerate entry to international markets, improving revenue growth opportunities and reducing their costs.

Alchemy's technology is designed to boost the efficiency and quality of globalizing software products and is used by software development and globalization companies worldwide. With over 8,000 licenses installed worldwide, Alchemy CATALYST is used by translators, software engineers, quality assurance specialists and project managers and is referred to as the Gold Standard in Localization.

Corel Corporation Limited holds a 24.9% stake in Alchemy Software Development Ltd. Alchemy Software Development has offices and facilities in Canada, Europe, Asia-Pacific and the United States.

For more information on the company and its products, please refer to http://www.alchemysoftware.ie/

About XLSoft Corporation
XLsoft Corporation is a leading distribution firm of developers' software products for the Japanese market. Founded in 1987, XLsoft is headquartered in Irvine, California, and prides itself in being a brand name in the Japanese software industry. Distributing only the most innovative products to software developers, XLsoft has re-published and localized award-winning software, which include Alchemy CATALYST 5.0, eHelp RoboHELP, Intel VTune, Dataviz MacOpener, NuMega SoftICE, Pkware PKZIP, Jungo WinDriver and many other extraordinary software products for the international market.

Not only does XLsoft help create solutions in distributing smart software to the non-English market, but also contracted work in Web Site Translations, Product Localizations and Technical Testing, which are also offered as a part of our services. Hewlett Packard, ATI, eHelp, Compuware, Fuji Film, Fujitsu, IBM and NEC are only a few of the many companies who have chosen XLsoft Corporation as their choice for efficient launch into the multi-language market.

For references and catalogues, please consult an XLsoft service manager or refer to our web pages at www.xlsoft.com.