TORONTO, Ont. - January 7, 2000 - MGI Software Corp., Canada's premier
E-commerce company specializing in imaging solutions and services, today
announced that it will be added to the TSE 300 Composite, TSE 200, and
S&P/TSE Canadian Small Cap the indices effective January 21, 2000.
"We are both pleased and honoured to join these indices," said Anthony
DeCristofaro, president and CEO, MGI Software. "It's fitting that MGI,
whose technical and marketing prowess has been a consistent trend setter for
the imaging field, will serve to benchmark the Canadian equities market.
Our shareholders will certainly benefit from the stock's new visibility and
liquidity."
The Ottawa Citizen newspaper recently recognized MGI Software as "the
second-biggest gainer" in 1999 among 108 companies surveyed in the Canadian
high technology sector, gaining 1,102 per cent in stock value.
MGI Software's equity partners include Intel Corporation (Nasdaq:INTC), the
world's largest chipmaker, Perseus Capital, a leading U.S. investor in
e-companies, and Trans Cosmos (Nikkei:9715 JP), a leading Japanese IT firm
with investments in RealNetworks, DoubleClick, Pointcast and other Internet
companies in Japan, and Zoran (Nasdaq:ZRAN), a leader in integrated circuits
and intellectual property cores for digital audio and video applications
enabled by compression.
Founded in 1995, MGI Software is one of the world's leading digital media
companies. The Company's early focus on delivering digital media editing
technology to the mass market has led to leadership in digital imaging and
video editing worldwide. MGI Software recently broadened its market to
business and online users of photography and expanded its technological
leadership to encompass digital entertainment media. Through its
ever-growing network of partnerships with major consumer electronics
manufacturers, computer hardware and software vendors, photo retailers and
the entertainment industry, MGI Software is uniquely positioned to benefit
from the digital revolution shaping our lifestyles. MGI Software employs
over 200 people with offices in North America, Europe, Pacific Rim, and
Japan. MGI Software is publicly traded on The Toronto Stock Exchange under
the symbol "MGI". For more information visit mgisoft.com.
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(c) MGI Software Corp., 2000. MGI, MGI PhotoSuite, MGI VideoWave, SoftDVD
MAX, Pure DIVA, Zoom Server and Live Picture are trademarks or registered
trademarks of MGI Software Corp. All other company and/or product names are
trademarks and/or registered trademarks of their respective manufacturers.
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FOR FURTHER INFORMATION PLEASE CONTACT:
Media Contact:
MGI Software Corp
Josef Zankowicz
(905) 707-3650
josefz@mgisoft.com
www.mgisoft.com
or
Investor Contact:
MGI Software Corp
Susan Orton
(905) 707-3646
susano@mgisoft.com
www.mgisoft.com
-Reply-To: Investor Relations
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