CaseWare Seeks Injunction Against SEC

Houston - March 10, 2009 - CaseWare International Inc., together with CaseWare IDEA Inc. and Audimation Services, Inc., today filed a trademark infringement action against the U.S. Securities and Exchange Commission (SEC) to stop the SEC from infringing CaseWare International’s trademark IDEA.  CaseWare International Inc. is the owner of the trademark IDEA, CaseWare IDEA Inc. is the developer and exclusive licensee of IDEA data analysis software, and Audimation Services, Inc. is the sole distributor of CaseWare IDEA products in the U.S.  The suit is a reaction to the SEC’s announced intention to use IDEA as a trademark in connection with software and services with similar functions as CaseWare’s IDEA data analysis software.  CaseWare’s trademark IDEA, which has been used extensively since 1987, was registered with the U.S. Patent and Trademark Office in 2001. 

“Our actions result from the SEC’s surprising failure to take a responsible approach to our objections and simply find another, non-infringing trademark,” said Cal Bruner, Chief Financial Officer, CaseWare International Inc. “This failure comes at a time when the SEC can ill afford to be seen as inattentive to its image. We are prepared to pursue all available legal remedies to protect the investment in our trademark IDEA, which the SEC actions now threaten to destroy.”

“Our companies have participated in the XBRL consortium for 10 years; the SEC’s announcement is an exciting development for the XBRL world and for users of financial data in general,” said Bob Cuthbertson, Chief Operating Officer, CaseWare IDEA Inc. “We have no argument against the SEC’s initiative, just their choice of name. I was a member of the XBRL International Steering Committee for over three years and we demonstrated our products at several XBRL International conferences, which SEC staff also attended.”

“As a family-owned business, we have been systematically creating jobs in the high tech sector since 1993, and have invested heavily in building the brand around the trademark IDEA here in the U.S.,” said Carolyn Newman, CEO and co-founder of Audimation Services, Inc.  “With this unfortunate choice of name by the SEC, we run the risk of losing our entire investment.  We’ve already seen confusion in the marketplace over this naming.”

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

Media Contact:

CaseWare IDEA Inc.

Bob Cuthbertson

416-867-9504 ext. 170

bob.cuthbertson@caseware.com

 IDEA is a registered trademark of CaseWare International Inc.

• IDEA Product Page