Alchemy Software Development and The Symbio Group announce strategic partnership for China
Joint Partnership announced to provide localization solutions for rapidly expanding Chinese market

Dublin, Ireland - Beijing, China — November 18th, 2003 — The Symbio Group Inc., a leading provider of internationalization and localization service solutions, and Alchemy Software Development Limited, the market leader in visual translation and engineering solutions, today announced details of their strategic partnership for the Chinese market. The Symbio Group will offer technical support, consultancy services and product licenses of Alchemy CATALYST to the fast growing Chinese localization industry backed up by the world-class engineering and software development skills of Alchemy Software Development.

“We're delighted to be working in partnership with The Symbio Group. The Chinese software sector is poised for dramatic growth over the coming year”, said Tony O'Dowd, CEO of Alchemy Software Development, “and it's important that our Chinese customers have local sales and product support. Symbio is well positioned to deliver these services as it is well known and respected in China for it's customer focus and superior localization services.”

“High-quality translation of software applications is crucial to the success of multi-national companies.” said Joseph Hsu, CEO The Symbio Group, “Today's highly competitive enterprises require solutions that lower overall localization costs, reduce time-to-market, and improve quality of production. We're confident that we can meet these requirements head on, combining our laser-sharp focus on quality localization services with the technological advantages of the Alchemy CATALYST 5.0 Integrated Localization Environment. Together, we have already begun providing CATALYST-based solutions to key clients, thus making the Chinese market more accessible to software publishers and enabling new revenue growth opportunities.”

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 The Symbio Group
Symbio provides engineering-focused software development, globalization and testing services that help Fortune 500 companies launch and support products in the global marketplace. Symbio was founded in 1994 by a group of engineers from IBM's international research and development lab in Asia, and is now a tightly integrated software foundry that functions as a cost-effective extension of their client's development teams. With labs in the U.S. and Asia, they accelerate technology cycles, saving time, money and resources. Their clients include AOL, CA, Citigroup, IBM, Intel, MasterCard, Mercedes Benz, Microsoft, Nokia, Nortel, Oracle, Palm, Sony, as well as over 200 other leading companies around the world.