CALGARY, Alberta – December 4, 2008 – Acceleware Corp. (“Acceleware” or the “Company”) announced today that Mr. Norman Tsui, the Company’s Vancouver-based Chief Financial Officer, has provided notice of his intention to step down from that position effective December 5, 2008, to pursue other business opportunities and to spend more time with his family. Mr. Tsui will be retained by the Company on a part-time consulting basis to provide continuity during the transition to a new Chief Financial Officer as well as to provide analytical and related support for ongoing commercial transactions in the normal course of business over the same period.

The Board of Directors wishes to thank Mr. Tsui for his dedicated service to the Company over the past two years and, in particular, for the vital role he played in the recent corporate restructuring and strategic renewal process. The Board wishes him every success in his future endeavours.

The Board of Directors is commencing a search to identify a suitable replacement for Mr. Tsui and the Company will issue a further press release once a new Chief Financial Officer has been appointed.

About Acceleware

Acceleware develops and markets solutions that enable software vendors to leverage heterogeneous, multi-core processing hardware without rewriting their applications for parallel computing. This acceleration middleware allows customers to speed-up simulation and data processing algorithms, benefiting from high performance computing technologies available in the market such as multiple-core CPUs, GPUs or other acceleration hardware.

Acceleware solutions are deployed by companies worldwide such as Philips, Boston Scientific, Samsung, Eli Lilly, General Mills, Nokia, LG, RIM, Medtronic, Hitachi, Fujifilm, FDA, Mitsubishi, Sony Ericsson, AGC, NTT DoCoMo, and Renault to speed up product design, analyze data and make better business decisions in areas such as electronic manufacturing, oil & gas, medical and security imaging, industrial and consumer products, financial, and academic research. For more information about Acceleware, please visit www.acceleware.com.

Acceleware is a public company on Canada’s TSX Venture Exchange under the trading symbol AXE.