Alchemy Software Development continues its aggressive expansion
Leader in Localization Technology expands its global presence with the opening of an office in the United States.

Portland, Oregon and Dublin, Ireland — February 8th, 2002 — Alchemy Software Development proudly announces the establishment of their first US-based corporate office in Portland, Oregon. A Senior Representative of the company will re-locate to Oregon in February to establish the permanent Sales and Marketing office in Oregon for its official opening on 1st March, 2002.

The Portland office will implement Alchemy's new strategic focus for the US market. This will include the expansion of Alchemy's established reseller and consultancy network, and will also focus on the management and provision of services for key corporate clients such as Berlitz, Simultrans, SPSS, Canon, Palm, JD Edwards and DST Innovis. Alchemy also plans to enhance Training & Support Services through more pro-active direct client contact from the local US office.

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

Alchemy Software Development Limited
Alchemy Software Development is a company formed by the original developers and designers of Corel CATALYST™, an integrated translation environment and a pioneer in visual translation and engineering solutions.

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