Acceleware Retains Leading Investor Relations Firm
Calgary, Alberta – January 15, 2008 – Acceleware Corp. (the "Corporation" or "Acceleware") (trading symbol "AXE" TSXV) ), a leading developer of high-performance computing (HPC) applications, is pleased to announce that it has retained The Equicom Group Inc. (“Equicom”) to provide the Corporation with strategic investor relations and financial communications services.
Equicom provides strategic communications services to approximately 100 public companies across a diverse range of industries. Under the terms of the agreement, Acceleware will pay Equicom a monthly retainer fee of $7,000 for professional services. The initial contract term is 12 months. Neither Equicom nor any of its principals has an ownership interest, directly or indirectly, in Acceleware or its securities, and Acceleware has not granted Equicom or its principals any right to acquire such an interest. Equicom is a wholly-owned subsidiary of TSX Group Inc.
Acceleware develops and markets solutions that enable software vendors to leverage heterogeneous, multi-core hardware environments without having to rewrite their applications for parallel processing. This acceleration abstraction technology results in end-users achieving significant computing speed-ups and migrating vendor applications from single-core processing to multiple-core CPUs, GPUs or other acceleration products.
Acceleware solutions are deployed by companies worldwide to accelerate computer simulation and data processing applications in areas such as electromagnetics, oil & gas, medical and security imaging, industrial and consumer product design, financial, and academic research.
Acceleware's third-generation multi-board GPU solutions can accelerate simulation and processing algorithms by over 35 times, reducing data processing from multiple hours to minutes. Acceleware is a public company on Canada's TSX Venture Exchange under the trading symbol AXE.
About The Equicom Group Inc.
Equicom, a wholly-owned subsidiary of TSX Group Inc., is Canada's leading provider of investor relations and strategic corporate communications services. With proven expertise in developing and executing highly effective strategic communications programs, and an extensive network of investment community contacts, Equicom specializes in helping clients achieve their capital markets objectives. Equicom offers a comprehensive suite of services including: investor relations, media relations, annual report production, multimedia and web design, web casting, live event management and corporate branding. Equicom is headquartered in Toronto, with offices in Montreal and Calgary. For further information, please visit www.equicomgroup.com.