SOURCE: Alibre, Inc.

July 11, 2008 13:19 ET

Alibre Announces Management Changes

RICHARDSON, TX--(Marketwire - July 11, 2008) - Alibre, Inc. announced today that company founder and Chairman of the Board, J. Paul Grayson, will assume the role of Chief Executive Officer, effective immediately. A veteran of more than 25 years in the software industry, Grayson brings a wealth of chief executive and operational experience to this role. Alibre's previous CEO, Greg Milliken, recently left the company to pursue a startup opportunity.

"We will all miss Greg," said Grayson. "He has been a strong leader for us, and helped to position the company for an excellent growth opportunity in a very competitive market."

Additionally, Alibre announced that Greg DeMars has been promoted to Vice President of Marketing. Previously Director of Business Development, DeMars has over 20 years of experience in various technical, sales, and marketing roles in the software industry.

"Greg DeMars is very well suited to his new role and has proven himself to the company and to our partners as Director of Business Development," Grayson commented. "With a deep background and long history in the CAD/CAM market, we are looking forward to great accomplishments from Greg."

About Alibre, Inc.

Alibre, Inc., the Personal CAD/CAM™ Company, develops and markets Alibre Design™, the fastest growing 3D parametric solid modeling software for mechanical design and manufacturing. Alibre CAM™ extends Alibre Design with integrated parametric 2 1/2- to 5-axis CNC machining. At one-fifth the cost of comparable software, Alibre Design and Alibre CAM are easy to use with rich functionality and world-class support and training, making professional 3D CAD/CAM "tools of the trade" accessible to every engineer, designer, machinist, or inventor. Alibre also offers Alibre Design Xpress and Alibre CAM Xpress, the industry's only true 3D parametric modeler and integrated CAM system available free of charge. Alibre products are available in fifteen languages and distributed worldwide. Founded in 1997, Alibre Inc. is privately funded and based in Richardson, Texas. For more information or a free trial, please visit www.alibre.com.

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