Parallels Nears Launch of Desktop for Mac 3.0

New major release introduces SmartSelect application integration tool, 3D
graphics, "snapshot" backup utility; pre-order upgrade discount available
for limited time to current customers

RENTON, Wash. - May 31st, 2007 - Parallels, Inc. announced today that has
released the Release Candidate (RC) of Parallels Desktop for Mac 3.0, a new
version of its award-winning software that enables Mac users to run
Windows, Linux, and any other operating system at the same time as OS
X. The RC is the final stage of Parallels Desktop 3.0's private beta
testing program that has been operating over the last several months. The
final release of Parallels Desktop for Mac 3.0 is expected within the next
few weeks.

Parallels Desktop 3.0 features SmartSelect, a new built-in integration tool
that allows users to open any file from Windows or OS X with any program
from either OS. SmartSelect's total application and file integration adds
tremendous value to the seamless multi-OS interface introduced by
Coherence, Parallels' groundbreaking feature that lets Windows applications
run like native Mac applications on OS X. Together, Coherence and
SmartSelect give users the easiest, most fluid way to run multiple OSes and
their applications simultaneously, without rebooting or switching desktop
environments.
Parallels Desktop 3.0 also includes a more than 50 additional powerful new
features and enhancements, including hardware-accelerated 3D graphics,
'snapshot' backup and recovery of virtual machines, and a new suite of
security settings that help secure both Windows VMs and OS X from
cross-platform corruption and contamination.

A list of new features, enhancements, improvements and bug fixes included
in Parallels Desktop 3.0 is available at:
http://www.parallels.com/en/products/desktop/upgrade.

"The release of Desktop for Mac 3.0 represents another opportunity to help
computer users get the best of all operating systems on a single, seamless
desktop," said Benjamin Rudolph, Director of Corporate Communications,
Parallels. "We look forward to feedback on the important new features like
SmartSelect, 3D graphics, and Snapshots as we prepare for the full launch
very soon."

Special Upgrade Offer for Parallels Customers The standard retail price
(SRP) of Parallels Desktop for Mac 3.0 for new users will be $79.99, but
current users will be able to upgrade to the new product from any earlier
version for only $49.99. From now through until the launch of the final
version, however, Parallels is offering the upgrade at the even more
substantially discounted price of $39.99 - a 50% savings versus the SRP.
Users who would like to take advantage of this special limited-time
discount can purchase their upgrade at
http://www.parallels.com/en/products/desktop/upgrade.

About Parallels
Parallels, Inc., an SWsoft company, builds powerful, user-friendly,
cost-effective virtualization solutions for Windows, Macintosh, and
Linux. Headquartered in Renton, Washington, Parallels, Inc. is a global
company that employs a rapidly-growing team of experienced technical and
business professionals. For more information, please visit
www.parallels.com.