“Corel Corporation… and its president and chief executive
officer Dr. Michael Cowpland continue to deny all insider trading
allegations by the Ontario Securities Commission.”
“I am looking forward to finally having a chance to clear my
name by responding to these matters which are now more than two
years old,” said Dr. Cowpland.”
“The investigation of Dr. Cowpland is a private matter
between the Ontario Securities Commission and Dr. Cowpland as an
individual. As such, it is not expected to affect the Company’s
day-to-day activities or have any impact on Dr. Cowpland’s
status as the Company’s chairman, president and chief executive
officer.”