Expanding its global presence
XLsoft, a leading Globalization company, joins Alchemy Software Development to become its distribution partner in Asia.

Dublin, Ireland — October 10th, 2001 — Alchemy Software Development Limited today announced the appointment of XLsoft, a leading globalization company as its Asian distribution partner and also announced that the translated Japanese version of Alchemy CATALYST will be available early in the new year.

By joining Alchemy's Reseller Partner programme XLsoft will be at the technological forefront of the globalization industry, expanding its range of expertise and value-added services for their client base. XLsoft will gain a technological advantage in the market and will be able to provide not only globalization services to it's client base but also customized technological solutions to assist their customers in achieving:

• Reduced time to market
• Reduced cost of localization
• Increased revenues by reaching global markets faster
• Increased control over the localization process

“This partnership is important to both Alchemy and XLsoft”, said Tony O'Dowd, CEO and President of Alchemy Software Development, “as it enables Alchemy Software Development expand its presence in the Asian market. XLsoft has many years of experience in introducing new products to this part of the world and we are excited over the translation of our technology into Japanese.”

“XLsoft selected Alchemy CATALYST due to its product quality and excellent brand positioning in the globalization industry,” said Watanabe-san, CEO and President of XLsoft. “This is consistent with the sales and services strategy of XLsoft in only bringing the best of breed technologies into the Asian marketplace and to our customers. Due to the technological leadership of Alchemy CATALYST, especially in the often difficult and complex XML environment, we expected sales to be very strong in Asia.”

Alchemy Software Development is a company formed by the original developers of Corel CATALYST™. Tony O'Dowd, CEO of Alchemy Software Development, previously Executive Vice President and General Manager of Corel Corporation Limited, brings over 13 years development and globalization experience to the company and has been involved in the design and development of many of the pioneering localisation technologies used in this industry sector today.

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 and is used by over 270 software development and globalization 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.

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

XLsoft
XLsoft Corporation is a leading localization and distribution firm of developer's 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. With quick intuitions in distributing the most innovative products to software developers, XLsoft has re-published and localized award-winning software, which include eHelp RoboHELP, Intel VTune, Dataviz MacOpener, NuMega SoftICE, Pkware PKZIP, JungoTech WinDriver and many other extraordinary software for the international market.

Focusing mainly on distributing powerful tools and Utilities, XLsoft has established many strong relationships within the computing industry for over a decade. XLsoft is well trusted in introducing groundbreaking products to the Japanese market; hence their clients include industry-leading pioneers such as Fujitsu, IBM and NEC Japan. XLsoft has achieved success in presenting the latest American software trends to the Japanese market, as well as hosting intercontinental trends to the United States, such as the popular Japanese photo Print Club software - StickerPIX, and the Australian web shop development tool - ShopFactory. With a strong Localization/Service team in Irvine and a dedicated Sales and Marketing team in Tokyo, XLsoft continues to grow as a key player in the international software industry.

Not only does XLsoft help to create solutions in distributing smart software to the non-English market, but contracted work such as Web Site Translations, Product Localizations and Technical Testing, are also offered as a part of their "Services." Hewlett Packard, ATI, eHelp, Compuware, Fuji Film and NEC are a few of the many companies who have chosen XLsoft Corporation as their choice in an efficient launch into the multi-language arena. For references and catalogues, please consult an XLsoft Service manager or refer to their web site, www.xlsoft.com.

Contact XLsoft Corporation