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PRESS RELEASE

Date: 22nd April 2004

THEOREM FORMS SALES AND MARKETING PARTNERSHIP WITH DIPRO IN JAPAN

DIPRO (Digital Process Ltd), a wholly owned Fujitsu company, has signed an agreement with Theorem Solutions to sell and market Theorem Solutions products in Japan.

The agreement makes a wide range of Theorem Products available to the Japanese market through DIPRO, and allows DIPRO to provide local demonstrations and support of Theorem's products.

Theorem's Reseller Manager, John Wedrychowski said: "We are delighted that this agreement is in place. We have known the DIPRO people for a long time and have worked with them in the past while they were an integral part of Fujitsu. They understand our sector of the Japanese market very well. They are experienced and very competent in the sale and support of our products, so we are looking forward to significantly increasing our sales in Japan through this new opportunity."

Akira Kawami, General Manager of DIPRO Ltd said: "We are pleased to be selling Theorem's products in Japan; they are an important part of our solution range. We have skilled people with experience covering many PLM environments and are very familiar with the Japanese engineering market. We have already sold Theorem products and see continued and growing interest. This is a good partnership."

Wedrychowski added: "We are continually on the look out for good resellers; in particular business partners who can provide added value and who have a long term interest in helping customers with PLM interoperability. In the first instance, we offer resellers the opportunity to sign up to a very simple Reference Reseller Agreement for a trial period. Once a number of sales have been closed with this contract in place, we then consider further options - which provide the business partner with a higher margin and further opportunity to add value, perhaps through providing support and/or training. Interested parties are welcome to contact me directly.

-ENDS-

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