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<DIV style="FONT: 10pt arial">----- Original Message -----
<DIV style="BACKGROUND: #e4e4e4; font-color: black"> </DIV>
<DIV><B>To:</B> <A title=alfjon@mindspring.com
href="mailto:alfjon@mindspring.com">al johnson</A> </DIV>
<DIV><B>Sent:</B> Wednesday, January 15, 2003 5:34 PM</DIV>
<DIV><B>Subject:</B> Its For real</DIV></DIV>
<DIV><BR></DIV><B>MandrakeSoft News <?/color><BR><BR><BR><?color><?param 2121,4444,9C9C> MandrakeSoft's
financial reorganization <?/color></B><?color><?param 3333,3333,3333>2003-01-15 <?/color><BR><BR><?color><?param 3333,3333,3333>The liabilities accumulated by
MandrakeSoft through a series of quarterly losses have prompted the company to
file for "declaration de cessation des paiements". The filing, similar to the
U.S. Chapter 11-Reorganization, took place on January 13, 2003.
<?/color><BR><BR><?color><?param 3333,3333,3333>This reorganization of
liabilities enables MandrakeSoft to continue its current operations, which are
showing increases in revenue and significant decreases in expenses.
MandrakeSoft's strategic partners are supporting the company in this process and
the MandrakeSoft team is focused on continuing to deliver high quality services
and products to its customers.
<?/color><BR><BR><?color><?param 3333,3333,3333>Following this filing and with
the support of the court via a court-appointed Administrator, MandrakeSoft will
be protected from its creditors, renegotiate its liabilities and prepare a
continuation plan to be approved by the French Court in the coming months. <?/color><BR><BR><?color><?param 3333,3333,3333>Version 9.0 of the product was a
success both technically and commercially and the company is now focused on
Version 9.1 which will be announced as scheduled in April.
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