Modelware Appoints The LogicWorks as Sales Representatives for the Eastern US and Canada

 (Red Bank, NJ – March 11, 2003)  Modelware, a leading provider of Semiconductor Intellectual Property for the telecommunications and networking industry, today announced that it has entered into an exclusive representation agreement with The LogicWorks of Wellesley Hills, Massachusetts. Under the agreement, The LogicWorks will be the exclusive representative for Modelware’s products and services in the eastern states and provinces in the continental United States and Canada.

"Modelware is exited about partnering with The LogicWorks." said Amine Kandalaft, Executive Vice President, Modelware. "We selected The LogicWorks because of their focus on the IP industry and their knowledge of the market. The staff of The LogicWorks understands the characteristics and requirements of selling high-end IP. Their knowledge and professionalism will bring great value to our customers.”

”We are very excited to be chosen by Modelware as their representative”, said Jon Atwood, President, The LogicWorks.  “Modelware exemplifies our profile of commitment to IP quality and excellence in customer support.  Modelware is well known throughout the industry for providing high quality semiconductor IP.  The addition of Modelware as a partner gives our customers one stop shopping for high-end networking and telecommunications IP.”

About Modelware

Modelware is a leading provider of Semiconductor Intellectual Property (SIP) for telecommunications and networking applications.  Modelware’s SIP cores implement standards-based cell and packet protocols and interfaces.  Modelware’s products enable networking and telecommunications semiconductor and systems manufacturers to bring standards-compliant products to market faster.  For more information, visit www.modelware.com.

Contact:

About The LogicWorks

The LogicWorks combines electronic development experience with IP market knowhow to help companies complete products quicker while achieving the highest return on their IP investment. The company specializes in assessing the needs of a complex design project, identifying the most suitable cores from hundreds of IP suppliers, and providing design-in services to help ensure smooth IP integration. IP training and management of customization and other engineering functions are also available. The company was founded by electronics industry veteran and former executive of Synopsys Professional Services Jon Atwood, and is based near Boston.

Contact: