Actually, I think this NEWS RELEASE (below) is quite positive and indicates that MGI is seriously preparing for NASDAQ and further growth.
S/S
Tuesday January 11, 4:12 pm Eastern Time
Company Press Release
SOURCE: MGI Software Corp.
MGI Software Announces Changes to Management Team
TORONTO, Jan. 11 /CNW-PRN/ - MGI Software Corp. today announced changes to its management team. Ken Killin who joined the Company
as chief financial officer in September 1998 has announced his intention to leave the Company to pursue other interests but will continue to
assist the firm until a successor has been appointed. A CFO search committee has been formed comprising Mr. Killin, Anthony DeCristofaro,
president and CEO, and Ian Giffen, a member of the Board of Directors. Ian Giffen, who agreed to join the Board of Directors in November, 1999
is the former CFO of Alias Research Inc. and currently a Director and advisor to Macromedia Inc.. In response to the Company's recent
addition to the TSE 300 and the Company's stated intention of preparing for a U.S. listing, MGI Software also announced the hiring of
Raymond Kindiak as its new Director of Investor Affairs. Mr. Kindiak, who is a member of the bar in the Province of Ontario, was formerly
director and vice president of corporate finance at a major Canadian investment dealer where he was responsible for coordinating corporate
finance and research activities in the high technology sector.
``Since joining MGI Software, Ken has been instrumental in facilitating the company's record growth through infrastructure improvements, new
financing, and acquisitions. We wish Ken every success in his future endeavors,' said Anthony DeCristofaro, president and CEO, MGI
Software. ``As well, the addition of Mr. Kindiak will add substantial capital market expertise to our Investor Relations function, while the
recently announced addition of Paul Amlani as VP of World-wide sales will provide us with further opportunities to accelerate the market place
acceptance for MGI's acquired and developed technologies.'
``MGI Software has acquired and developed some very exciting technologies and is well positioned to maintain leadership in e-commerce
imaging and digital video,' added Mr. Killin. ``I am pleased that I was able to contribute in the development of the company to its current
position.'
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.
(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.
SOURCE: MGI Software Corp. |
