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To: Wayne Rumball who wrote (12792)	6/25/1999 10:13:00 AM
From: kumqwatt	Read Replies (1) \| Respond to of 13776

IVOC starting run

To: Wayne Rumball who wrote (12792)	6/25/1999 10:28:00 AM
From: SgtPepper	Respond to of 13776

CORL is new symbol. Now at short-term low. __ A Settlement Reached with Corel Corporation on CITT Complaints OTTAWA, ONTARIO--(Canadian Corp News, June 25, 1999)--The Government of Canada and Corel Corporation have reached agreement on a final settlement related to complaints filed by Corel in the summer of 1998 with the Canadian International Trade Tribunal (CITocurement for a standard Year 2000-compliant desktop office suite for Revenue Canada. The agreement was jointly announced today by the Honourable Alfonso Gagliano, Minister of Public Works and Government Services and Dr. Michael Cowpland, Chairma n, President and Chief Executive Officer of Corel Corporation. In accordance with direction contained in the Determination rendered by the CITT after hearing the complaints, a negotiated settlement in the amount of $9.9 million (Cdn) has been reached. This amount represents full and final settlement covering all claims by Corel arising from this procurement. "I am pleased that an agreement has been reached in this claim," stated Minister Gagliano in announcing the settlement. Dr. Cowpland also expressed his satisfaction with the final settlement. "This is a reasonable settlement and we look forward to f uture opportunities to market our products to the Government of Canada, within Canada and internationally."This news release is also available on our Internet site pwgsc.gc.ca Toronto Stock Exchange SYMBOL: COR NASDAQ SYMBOL: CORL -0- * end of story *