PRESS RELEASES 

Paragon Software Group and PONS GmbH concluded a cooperation agreement

Moscow, Russia – 5 September 2007 – Paragon Software Group, world famous software developer, and PONS GmbH, one of the leading language publishers in Europe, today announce an international collaboration on development and launch of PONS electronic dictionary line for all mobile platforms. One of the most popular dictionaries of the German-speaking world is now available as a valuable source of language knowledge on all mobile devices.

According the agreement, Paragon Software develops German-English, German-French, German-Spanish, German-Italian and German-Greek PONS dictionaries which are the mobile editions of famous PONS Wörterbuch für Schule und Studium Englisch, PONS Wörterbuch für Schule und Studium Spanisch, PONS Wörterbuch für Schule und Studium Französisch, PONS Wörterbuch für Schule und Studium Italienisch and PONS Kompaktwörterbuch Neugriechisch dictionaries. The application is based on powerful Slovoed engine and compatible with Symbian OS (S60 & UIQ), Windows Mobile (Pocket PC and Smartphone Editions), Palm OS, Java and Blackberry.

Paragon Software has been developing progressive technologies for on-line translation since 1997, when the first electronic dictionary Slovoed came out. By the time, Slovoed has earned the honor of being the best dictionaries for mobile devices in the opinion of both end-users and key vendors. Paragon Software collaborates closely with the world famous publishers such as Merriam-Webster Inc., Oxford University Press, Chambers Harrap Publishers, Van Dale Lexicografie bv, Larousse Editorial, S.L., etc. Thus, Paragon Software’s wide experience in the field of e-translation solutions for mobile devices now provides the highest level of technologies and fast time to market. To succeed in the competitive industry, Slovoed offers a broad range of unique features that haven’t been implemented by any of rivals. For example, with the low memory consumption technology, Slovoed gives access to the widest lexical bases for all mobile devices and provides instant access and precise translations. It can run either stand-alone or as a client-server application. Furthermore, Slovoed combines wide functionality, user-friendly interface and supports all mobile platforms.

Jeanne Kolesnik, Business Development Director, Epocware and Smart Handheld Devices divisions, Paragon Software Group, comments the signed agreement in this manner: «Slovoed features a wide selection of high-quality content from world-known brands in the sphere of linguistics. We are happy to welcome PONS GmbH and their PONS dictionaries that extended our German product line. We look forward to fruitful cooperation and, from our side, guarantee that PONS dictionaries will be based on the most up-to-date technologies and will provide the widest distribution channels».

Jan Cloeren, publishing director of PONS Dictionaries also welcomes the cooperation with Paragon Software Group: "As a publisher of top quality dictionaries we share Paragon's vision of the importance of mobile dictionary contents. Therefore we are looking forward to many exciting business opportunities together with our new partner. We can tell our customers that they will obtain the ideal combination of state-of-art technology and fully up-to-date dictionaries."

About Paragon Software Group (Smart Handheld Devices Division) The Smart Handheld Devices Division of Paragon Software Group, founded in 1995, develops software for diverse classes of smart handheld devices (e.g. Palm OS, Pocket PC/Windows Mobile, Symbian OS): multilingual on-line handwriting recognition (PenReader), RAM and ROM based localization (LEng and PiLoc), multilingual dictionaries (Slovoed), business and game applications.