SEC Settles Dispute With CaseWare Over IDEA Trademark

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Wed May 27, 2009 8:01am EDT

HOUSTON, May 27 /PRNewswire/ -- CaseWare International Inc., together with
CaseWare IDEA Inc. and Audimation Services, Inc., are pleased to announce that
they have reached a settlement with the U.S. Securities and Exchange
Commission (SEC) which will result in the SEC permanently discontinuing its
use of the mark IDEA in any form as a trademark or other source identifier on
or in connection with SEC software and related goods and services.  The
settlement also provides that the SEC acknowledges that CaseWare International
Inc. is the owner of Registration No. 2,423,582 of the trademark IDEA for
CaseWare IDEA Software and that Registration No. 2,423,582 has attained
incontestable status under section 15 of the U. S. Federal Trademark Act, 15
U.S.C. section 1065. In return for these undertakings, CaseWare has
voluntarily dismissed its civil action against the SEC, filed in the U.S.
District Court for the Southern District of Texas (Houston Division) on March
10, 2009.

"We're satisfied with the outcome but disappointed that we had to resort to
the courts for resolution," said Cal Bruner, Chief Financial Officer, CaseWare
International Inc. "While it's unfortunate that we needed to take this action,
we have demonstrated that we will aggressively defend our trademarks,
regardless of the size or resources of the infringer."

"I've been associated with IDEA for over 20 years," said Bob Cuthbertson,
Chief Operating Officer, CaseWare IDEA Inc. "I'm very pleased to see that all
our efforts to build a powerful brand will be preserved."

"Throughout this process, we received lots of support from our clients," said
Carolyn Newman, CEO and co-founder of Audimation Services, Inc.  "The
possibility of confusion in the marketplace over product names was very
concerning to us; with this settlement, we can now return to building our
business and creating much-needed jobs."

About CaseWare International Inc.
CaseWare International Inc. is the world leader in business-intelligence
software for accountants, auditors and other professionals. CaseWare products
enable users in over 110 countries to conduct their business with unparalleled
ease and efficiency. www.caseware.com

About CaseWare IDEA Inc.
CaseWare IDEA Inc. is a software development and marketing company with
offices in Toronto and Ottawa, Canada, and distributor partners serving more
than 90 countries. CaseWare IDEA Inc. is a subsidiary of CaseWare
International Inc. www.caseware-idea.com

About Audimation Services, Inc.
Audimation Services, Inc. provides data analysis expertise and technology to
accountants, auditors and financial professionals. Through its partnership
with CaseWare IDEA Inc., Audimation Services offers the most powerful and
complete set of data analysis software available to improve auditing
performance and detect fraud. Founded in 1992 and headquartered in Houston,
the company is recognized for its extensive knowledge in areas such as data
analysis, internal and external auditing, financial and operational auditing
and fraud detection. www.audimation.com

IDEA is a registered trademark of CaseWare International Inc.



SOURCE  CaseWare International Inc.

Bob Cuthbertson of CaseWare IDEA Inc., +1-416-867-9504, ext. 170,
bob.cuthbertson@caseware.com, for CaseWare International Inc.
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