Calgary, Alberta –  November 19, 2007 – Acceleware Corp. (the "Corporation" or "Acceleware") (trading symbol "AXE" TSXV) is pleased to announce that it has entered into a bought deal financing agreement with Northern Securities Inc. (“Northern”) and Northern Financial Corporation for a private placement of 3,529,412 common shares (“Common Shares”) at a price of $0.85 per share for aggregate gross proceeds of $3,000,000 (the “Offering”).

In connection with the Offering, Northern will receive on closing a cash commission of 7.5% of the gross proceeds and a number of broker warrants equal to 5% of the number of Common Shares sold under the Offering. Each broker warrant will entitle the holder thereof to acquire one Common Share at a price of $1.30 per share for a period of 24 months from the date of issuance of the broker warrants.

The net proceeds from the Offering will be used for marketing; sales; the expansion into, and the development of acceleration products for, the oil and gas, biomedical imaging and computational finance markets; the ongoing development of acceleration products for electromagnetic simulation and seismic data processing markets; capital equipment; facilities; and working capital.

Closing of the Offering is expected to occur on or about December 3, 2007. The completion of the Offering is subject to Exchange approval and other regulatory approval.

This news release does not constitute an offer to sell or a solicitation of an offer to buy any of the securities in the United States. The offered securities mentioned in this press release will not be registered under the United States Securities Act of 1933, as amended (the "U.S. Securities Act") and may not be offered or sold within the United States or to, or for the account or benefit of U.S. persons except in certain transactions exempt from the registration requirements of the U.S. Securities Act.

This new release shall not constitute an offer to sell or the solicitation of an offer to buy any securities in any jurisdiction.

About Acceleware

Acceleware specializes in the development and marketing of special purpose software/hardware acceleration products used to reduce design simulation and data processing run-times of high performance computing (HPC) applications such as cell phone design, seismic data processing, printed circuit board design, drug discovery, photonic/communications devices design, oil reservoir simulation, lithography mask design, bio-medical imaging and others.

Acceleware products are distributed by computer aided design (CAD) and computer aided engineering (CAE) software companies to end-users at the world's largest organizations in a wide range of industries. In each vertical market, Acceleware's third-generation board-level and engineering workstation products accelerate simulation and processing algorithms by a factor of 10 times or more, on average, reducing runtimes from multiple hours to minutes. Acceleware is a public company on Canada's TSX Venture Exchange under the trading symbol AXE.

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