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Day: August 6, 2001

SAQQARA Announces Query Generator for RosettaNet

SAQQARA Systems Inc. announced availability of its Query Generator for RosettaNet. The Query Generator has an intuitive interface that speeds product content retrieval from RosettaNet’s Partner Interface Process (PIP) 2A9 enabled e-commerce catalogs such as those deployed using SAQQARA Commerce Suite. With the SAQQARA Query Generator, design engineers and procurement analysts can employ an intuitive interface with drilldown capability to quickly and easily source detailed product information from any catalog using RosettaNet standards on the Internet. The SAQQARA Query Generator is available as licensed software or as a hosted solution. As a hosted solution, SAQQARA provides the RosettaNet Implementation Framework (RNIF) and XML formatting required to support automated PIP2A9 responses to query requests. SAQQARA solutions support the RosettaNet Technical Dictionary (RNTD) and PIP2A9 Electronic Components Technical Information Exchange Protocol (ECTIEP) standards. www.saqqara.com

Corel to Acquire SoftQuad

Corel Corporation and SoftQuad Software, Ltd. announced that they have signed a definitive agreement whereby Corel will acquire SoftQuad in a stock-for-stock transaction to be accounted for as a purchase transaction. This acquisition will enable Corel to enrich the existing XML capabilities within its WordPerfect product line. The company does not expect any significant negative impact on cash flow as a result of this acquisition. Over the next several weeks, Corel and SoftQuad will work together on a comprehensive plan outlining how best to integrate the two companies. Following the closing of the deal, expected in the fourth quarter of Corel’s fiscal 2001, the companies will announce further details related to the integration plan. The transaction will be a stock-for-stock transaction. Each common share, or equivalent, of SoftQuad will be exchanged for .4152 of a Corel common share on closing, being the ratio of $1.50 to $3.6129. The $1.50 value for each SoftQuad share equals an approximate 34 per cent premium over the closing price of SoftQuad on August 6, 2001. The $3.6129 value for Corel common shares represents the prior 10 day volume weighted average share price of Corel common stock. At current values, Corel would issue approximately 9.85 million shares if all in-the-money options and warrants of SoftQuad are exercised prior to closing. All figures are expressed in US currency. www.corel.com, www.softquad.com