Where did everyone go?? Opened at $40 today on this news.
MGI Software Secures Eleven OEM Contract Wins in Asia
Expands Digital Photo & Video Leadership by Up to 9 Million Units
TORONTO, March 2 /CNW/ - MGI Software (TSE:MGI), a leader in e-commerce
imaging and digital video, today announced that it has signed eleven new OEM
contracts to ship up to 9 million units of its popular PhotoSuite and
VideoWave software with leading Asian hardware manufacturers. The signings
include Taiwanese-based Umax Data Systems, Cell Vision Systems, Asiamajor
Multimedia, PROCOMP Informatics, Wincan Technology, Datafab Systems, Goodway
Industrial, Portable Peripheral, Tekom Technologies, Viewquest Technologies
and Sampo which produce computers, graphic cards, scanners, digital cameras
and other devices under private label for leading consumer electronics brands
around the world.
"We set up MGI Asia in 1998 with the mission to establish relationships
with leading hardware manufacturers providing private label solutions," said
Anthony DeCristofaro, president & CEO, MGI Software. "Our Asian expansion
strategy is clearly paying off. These agreements have not only raised our
profile in the fastest growing computer manufacturing market in the world but
also provide the momentum to tap more growth in Asia, particularly in Korea
and China."
The Company's PhotoSuite and VideoWave products have become among the
most popular and affordable products for editing, publishing and sharing
photos and videos on the World Wide Web. MGI Software has now shipped over 30
million units of its software. Through PhotoSuite customers can also access
online photo communities and purchase web photofinishing services and content.
With VideoWave they can produce professional quality video clips and movies
for distribution in e-mail, as streaming media, CD, DVD or tape. In addition
to OEM distribution, MGI's products are available through online retailers and
mass merchandizing channels worldwide.
About MGI Software
MGI Software (www.mgisoft.com) is a pioneer and established market leader
in e-commerce imaging and digital video. Its early focus on delivering imaging
and video technology to the mass market has led to an ever-growing network of
partnerships with major consumer electronics manufacturers, computer hardware
and software vendors, photo retailers, media companies, and e-businesses. The
Company's intellectual property spans many aspects, including content creation
and editing, content encoding and decoding, Internet distribution systems, Web
printing, and image navigation. As digital imaging and video become
commonplace, it will be MGI Software's technologies that are behind the scenes
making it work. MGI Software employs over 230 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".
(c) MGI Software Corp., 2000. MGI, MGI PhotoSuite, and MGI VideoWave 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. |
