This news release contains forward-looking statements and/or forward-looking information (collectively, “forward-looking statements”) within the meaning of applicable securities laws. When used in this release, such words as “will”, “anticipates”, “believes”, “intends”, “expects” and similar expressions, as they relate to Acceleware, or its management, are intended to identify such forward-looking statements. Such forward-looking statements reflect the current views of Acceleware with respect to future events, and are subject to certain risks, uncertainties and assumptions. Many factors could cause Acceleware’s actual results, performance or achievements to be materially different from any expected future results, performance or achievement that may be expressed or implied by such forward-looking statements. Certain information and statements contained in this news release constitute forward-looking statements, which reflects Acceleware’s current expectations regarding future events, including, but not limited to: the future benefits arising from the
Marwayne
Agreement; the Company’s ability to successfully complete commercialization of RF XL 2.0; the entering into of a new farmout and option agreement between the Company and O’Neill Canada; deployment of RF XL
2.0; the initiatives to be implemented by the Company’s management to shift the Company’s focus from research and development to cash flow generation; the timing to complete certain milestones in the Marwayne Agreement; and the impact of the Marwayne Agreement on Acceleware’s business and shareholder value.