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Gold/Mining/Energy : MGI Software (MGI on the TSE) -- Ignore unavailable to you. Want to Upgrade?

To: Lou Pedron who wrote (230)	1/14/1998 12:31:00 PM
From: Stang	Read Replies (1) \| Respond to of 553

-- Jan. 8, 1998--MGI Software Corp. (TSE:MGI.) MGI Software Corp., the leader in PC Photography and Video Publishing software, today announced Intel Corp. (Nasdaq:INTC) has begun shipping a version of MGI's award-winning VideoWave video publishing software with motherboards, under a multi-year, worldwide agreement. Last month, Intel's Reseller's Product Division began shipments of MGI VideoWave SE+ with the 440LX boxed motherboard product line ( channel.intel.com. MGI VideoWave SE +, which demonstrates the advantage of Intel's MMX and Pentium II processor technologies, is being made available in six languages. Under the terms of the agreement MGI Software will provide technical support and product updates throughout the licensing period, while Intel will engage in numerous marketing activities to encourage wide distribution of MGI's product. No other details were disclosed. "As in PC Photography, we believe that Video Publishing has the potential for widespread adoption on Intel-based computers," said Anthony DeCristofaro, president and CEO, MGI Software. "This agreement with Intel will drive us to realize that potential while making VideoWave the killer application that makes digital video as commonplace as word processors. MGI VideoWave already is the number one selling product in U.S. retail and now we fully expect to become the leading OEM supplier." "Digital photography has emerged as a key driver for Personal Computer sales. The natural evolution of this technology is already moving to digital video for the next big wave," said Rob Enderle, Area Director, GIGA Information Group. "Intel's partnership with MGI appears focused on making this digital video wave a near term, affordable, reality." MGI VideoWave SE + uses Intel MMX and Pentium II processor technology to provide a new PC video experience allowing users to work with video as they do now with words and pictures. VideoWave's unique design makes video publishing on the PC an enjoyable experience, encouraging experimentation, and makes video production less like programming and more like the creative process it is. MGI VideoWave SE Plus incorporates Intel RDX (Real Time Video Preview) which allows the user to see what their video production will look like in real-time without having to generate a full AVI clip; Intel RSX (Real Time Audio Mixing) which allows the user to hear voiceovers and sound effects contained within their production in real-time; and Intel Indeo Video Interactive, which provides for fast encoding of video productions as well as high-quality, high-resolution video production playback. Since its introduction in April 1997, MGI VideoWave has continued to gain momentum as the world's leading entry-level product for video production on Windows computers. In the recent issue of PC Magazine, editors have ranked MGI VideoWave among the Top 100 products introduced in the past year, in addition to receiving two Editors' Choice Awards. Multimedia and Digital Video Magazine in Australia described VideoWave as "set to revolutionize computer communications and multimedia in much the same way as desktop publishing programs revolutionized the print industry." PC Graphics & Video Magazine also cited MGI VideoWave as one of the 50 most important new multimedia products introduced in 1997. About MGI Software MGI Software's mission is to "change the way you picture the world" by revolutionizing the way we use and experience photography, video, and other media on PCs and the Internet. In its two-year history, MGI has vaulted to the forefront in PC Photography and Video Publishing with its award-winning products and key relationships with some of the leading manufacturers driving the convergence of computers with "still" and "motion" pictures. MGI's partners include Intel Corporation, Mitsui & Co. of Japan, and major digital camera, computer, and peripheral manufacturers. MGI's PhotoSuite and VideoWave are the leading brands in retail stores and OEM distribution. The company's products are available in 14 different languages through a worldwide network of distributors and retailers spanning 19 countries. MGI Software ( mgisoft.com) can be contacted at 905/764-7000. Note To Editors: MGI, MGI PhotoSuite, 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. CONTACT: MGI Software Corp. \| Press/Investor Contact: \| Josef Zankowicz, 905/707-3650 \| josefz@mgisoft.com \| www.mgisoft.com [Copyright 1998, Business Wire]