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08.20.2008 - Corel Corporation Responds to Reports Regarding Potential Sale of the Company

View Corel related news. Corel Corporation (NASDAQ:CREL)(TSX:CRE), a leading developer of graphics, productivity and digital media software ("Corel"), today responding to previous reports, and consistent with its press release issued Monday, August 18th, which indicated that its Special Committee had "identified" strategic alternatives, stated that it is in discussions with a third party regarding a potential sale of Corel. No agreement has been reached regarding a sale of Corel and there can be no assurance that such an agreement will be reached. In addition, there can be no assurance that any transaction will be completed or, if completed, of its terms, price or timing. For a discussion of many of the risks and uncertainties pertaining to ownership of Corel shares, please refer to Corel's Annual Report on Form 10-K for the year ended November 30, 2007, on file with the Securities and Exchange Commission.

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NID: 23807 / Submitted by: TACKtech Team
Categories: Press Release
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