Acceleware Corp.
TSX VENTURE : AXE

Acceleware Corp.

February 17, 2009 07:00 ET

Acceleware Announces Appointment of New CFO

CALGARY, ALBERTA--(Marketwire - Feb. 17, 2009) - Acceleware Corp. (TSX VENTURE:AXE), is pleased to announce that it has appointed Geoff Clark as its new Chief Financial Officer. Mr. Clark has held several executive and managerial positions in a number of service and technology companies, including Pan Terra Industries, Revolve Magnetic Bearings, Nova Corporation, and most recently as CFO of TSX listed Guest-Tek Interactive Entertainment Ltd. Mr. Clark holds an MBA from the University of Western Ontario as well as a B.Sc. in Electrical and Computer Engineering from the University of Calgary.

"We are delighted to have Geoff join the Acceleware executive team" said Michal Okoniewski, Interim President and CEO. "His technical skill sets, business acumen and prior experience as a CFO in the high tech industry will be extremely valuable to Acceleware in the months and years ahead".

About Acceleware

Acceleware develops and markets a platform to enable software vendors to leverage heterogeneous, multi-core processing hardware without rewriting their applications for parallel computing. This software acceleration platform benefits users performing computationally intensive tasks such as data processing and computer simulations, by harnessing the capabilities of high performance computing technologies such as multiple-core CPUs, GPUs or other acceleration hardware.

Acceleware solutions are deployed by companies worldwide such as Philips, Boston Scientific, Samsung, Kodak, General Mills, LG, Medtronic, Hitachi, Fujifilm, FDA, Mitsubishi, Sony Ericsson, AGC, NTT DoCoMo, P-Wave Seismic and Renault to speed up product design, analyze data and make better business decisions in areas such as consumer electronics, industrial design, seismic data processing, imaging for the medical, industrial testing and security, defense, financial, and academic research.

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

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

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