It has come to the knowledge that Chapman Capital L.L.C., the premiere investment advisor and also the imperative 9.3% shareholder of the Embarcadero Technologies Inc. has with conviction demanded the immediate resignation of Mr. Gary E Haroian from the Board of Directors of the Company.   It is to be noted at the same respect that the Embarcadero Technologies Inc. happens to be the leading provider of strategic data management solutions in the international continuum.

Embarcadero Technologies, Inc. is renowned in delivering professional graded database tools used by companies to design, develop and manage databases and the data they contain. The company is in the possession of a huge network with more than 12,000 customers worldwide and over 90 of the Fortune 100 companies rely on Embarcadero's cross-platform tools for the diminution of complexity, to improve productivity and strengthen security. On the contrary, Chapman Capital is a $300 million dollar L.A. based activist fund that is under the leadership of Bob Chapman. Chapman is the colorful founder of the "13-D filing" that most activist hedge funds use in the present day. In a span of the last 10 years, Chapman Capital has been agitating fruitfully for the restructuring or sale of in excess of 20 publicly traded companies.

While speaking to the various enquiries of the newsmen adhering to an assortment of Press & Media of the global spectrum Robert Chapman, the founder of the Chapman Capital said, Robert Chapman said, "Mr. Haroian has been compensated into the hundred of thousand of dollars while acting out the part of a 'career director' of the board of Embarcadero, Aspen Technology, Inc., Lightbridge, Inc., Network Engines, Inc., and Phase Forward, Inc. In order to reinstate any semblance of obeying his responsibility to the owners of these public companies, Mr. Haroian should resign from whichever boards necessary to allow for this adequate attention and focus on the remaining issuers."

It has also been demanded by the Chapman Capital in the recent days that the Board of Directors of the Company should take full advantage of shareholder value by the use of a change-of-control transaction. In addition, the Company has determined to ask for nominees for the replacement of Class I directors Timothy C.K. Chou and Frank M. Polestra, and Class II directors Michael J. Roberts and Samuel T. Spadafora, if the sale of Embarcadero does not get announced by the due date.