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Acceleware Announces Appointment of Chief Marketing Officer

CALGARY, ALBERTA -- (Marketwired) -- 02/06/14 -- Acceleware® Ltd. (TSX VENTURE: AXE) ("Acceleware" or the "Company") today announced the appointment of Michael Tourigny as the Company's Chief Marketing Officer, effective immediately.

"Mike is an accomplished sales and marketing executive with a proven track record of increasing market share for a wide range of technologies. He is a great match for the Company," said Geoff Clark, Chief Executive Officer of Acceleware. "This is a critical and exciting time for Acceleware as we continue to commercialize our seismic software product line and develop our emerging technology for radio frequency heating."

Mike brings over 20 years of experience to Acceleware. He began his career in the oil and gas industry before moving to the technology sector and now specializes in synthesizing high growth products from emerging technologies. Before joining Acceleware, Mike Tourigny launched a pathology business for a dental technology company and introduced an innovative telecommunications platform as Chief Marketing Officer of Aksys Networks. As the Vice President of Marketing at Guest-Tek, Mike was instrumental in establishing the company as a respected global category leader in the hospitality technology market, shaping the development of the company's portfolio of products, expanding the customer base and increasing revenue.

Mike Tourigny holds a Masters of Business Administration from the University of Calgary and a Bachelor of Commerce in Finance from the University of British Columbia.

About Acceleware

Acceleware (www.acceleware.com) develops high performance seismic imaging and modeling software products and provides innovative technology for radio frequency (RF) heating, an emerging thermal enhanced oil recovery method. As experts in programming for multi-core CPUs and massively parallel GPUs, Acceleware's professional services team specializes in accelerating computationally intense applications for clients to speed up product design, analyze data and help make better business decisions. Acceleware's products and services are used by some of the world's largest energy and engineering companies.

Acceleware is a public company on Canada's TSX Venture Exchange under the trading symbol AXE.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

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