Rand A Technology Corporation
TSX : RND

Rand A Technology Corporation

October 13, 2005 17:30 ET

RAND Worldwide'R' Completes Acquisition Of Autodesk-Related Assets From Continental Imaging Products

MISSISSAUGA, ONTARIO--(CCNMatthews - Oct. 13, 2005) - RAND A Technology Corporation (TSX:RND), operating as RAND Worldwide® ("RAND" or the "Company"), announces that its wholly owned subsidiary, IMAGINiT Canada, has completed the previously announced acquisition of certain assets and the Autodesk-related business of 702856 Alberta Ltd. o/a Continental Imaging Products ("CIP") of Calgary, Alberta, a provider of the Autodesk, Inc. ("Autodesk") suite of products and services. The purchase price of approximately $300,000 payable by RAND for the CIP assets will be made in cash.

About IMAGINiT

IMAGINiT Technologies is a leading provider of CAD/CAM/CAE design solutions to the building, manufacturing and infrastructure industries. With offices throughout North America and Asia Pacific, the company is recognized as a leading reseller of Autodesk products and the largest Autodesk Authorized Training Center Partner (ATC) in North America. All locations are supported by a vast pool of engineering resources that provide the knowledge, expertise and design to technology process through proven technical support, training and consultative services. Knowing and understanding the design process IMAGINiT is able to assess critical customer issues and develop real-life business solutions for its clients.

About RAND Worldwide

RAND Worldwide is one of the world's leading providers of professional services and technology to the engineering community and companies looking to improve their competitiveness, productivity and profitability by enhancing key aspects of their Product Lifecycle Management (PLM) and Architecture, Engineering and Construction (AEC) capabilities, including planning, development, and management. As a leading technology independent systems integrator in the world, RAND Worldwide employs 381 people in over 70 sales and client service centers around the world. For more Information please visit www.rand.com

FORWARD-LOOKING STATEMENTS

This news release may contain forward-looking statements based on management's current projections, beliefs and opinions at the date of this news release. Actual results could differ materially from those anticipated in these statements, due to risks and uncertainties which affect the Company's business and operations. Reference should be made to the Company's Annual Information Form and other continuous disclosure documents filed from time to time with Canadian securities regulatory authorities, for a detailed description of such risks and uncertainties. RAND Worldwide undertakes no responsibility to update forward-looking statements if circumstances or management's projections, beliefs or opinions change.

Contact Information

  • RAND Worldwide
    Kriss Bush
    Chief Financial Officer
    (905) 625-2000
    (905) 625-8535 (FAX)
    or
    The Equicom Group Inc.
    Dave Mason
    Investor Relations
    (416) 815-0700 ext. 237