Acceleware Corp.
TSX VENTURE : AXE

Acceleware Corp.

September 19, 2007 14:25 ET

Acceleware Corp. Grants Stock Options

CALGARY, ALBERTA--(Marketwire - Sept. 19, 2007) - Acceleware Corp. (TSX VENTURE:AXE) has agreed, subject to regulatory approval, to grant its new Vice President of Business Development, Mr. Steven Joachims, an aggregate of 100,000 options to acquire common shares of Acceleware. The options have an exercise price of $0.85 per share and expire on September 18, 2012. 10% of the options will vest on December 18, 2007, 30% will vest on September 18, 2008, 30% will vest on September 18, 2009 and 30% will vest on September 18, 2010.

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.

The TSX Venture Exchange Inc. has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.

Contact Information