Thursday January 8, 10:12 am Eastern Time
Company Press Release
MGI Software Highlights Digital Imaging Solutions at Consumer Electronics Show with Partners Sanyo and Canon
TORONTO--(BUSINESS WIRE)--Jan. 8, 1998--MGI Software Corp.(TSE:MGI. - news) MGI Software Corp. will be showcasing its leading PC Photography and Video Publishing software today at the world's largest annual trade show for the broad-based consumer electronics market, the 1998 International Consumer Electronics Show (CES) in Las Vegas, Nevada, January 8-11. MGI will be demonstrating its award winning products, MGI PhotoSuite and MGI VideoWave, which have helped shape the mass market for photo and video software, at OEM partner booths Sanyo Fisher (Booth #900) and Canon (Booth #947). Both booths are located in the Digital Imaging Pavilion, at the Las Vegas Convention Center.
''The fact that the Digital Imaging Pavilion has doubled its original size is a reflection of a market that is experiencing tremendous growth,'' says Anthony DeCristofaro, president and CEO, MGI Software. ''Analysts agree that current technology, and innovations just around the corner, will ensure its continued growth. MGI Software's ability to actively support and embrace these advances enables us to deliver comprehensive software solutions and secure a position as the leading choice for consumers and OEM partners.''
MGI will demonstrate a preview version of its video publishing software, MGI VideoWave, designed to support Digital Video (DV) cameras through an IEEE1394 connection. Commonly referred to as FireWire, 1394 is a high-speed standard interface for connecting any consumer electronics device to a personal computer. Working from the computer in MGI VideoWave DV, the user can control the various shuttle commands of their DV camera to Play, Pause, Fast Forward, Rewind and quickly and easily Capture selected video segments into the PC for editing.
Since its release in early May of this year, MGI VideoWave has earned two Editors' Choice awards from PC Magazine and was cited by PC Magazine as one of the best products of 1997. In addition PC Graphics & Video Magazine named MGI VideoWave as one of the 50 most important new multimedia products introduced in 1997. The product also received a Windows Recommended listing in Windows Magazine, and awards from leading international PC publications. The software turns your computer into a personal video studio, by letting you quickly and easily capture, edit and produce videos on your PC. Aimed at the non-technical, general business and home user, MGI VideoWave takes a new approach to video production by eliminating the traditional timeline interface used by other products.
MGI also will be demonstrating MGI PhotoSuite, the award winning product that has successfully shipped over 9.5 million units worldwide. During the past two years, MGI has consistently led retail and OEM sales with MGI PhotoSuite. MGI PhotoSuite has been recognized by mainstream photo publications as a great software package for enthusiasts wishing to explore PC Photography. MGI Software received Editor's Choice Awards in both the December issue of Familyphoto and in a special Digital Photo supplement in the November issue of Petersen's PHOTOgraphic. In June, Windows Magazine, the leading computer publication covering Windows applications, recognized MGI PhotoSuite among the top 100 Windows programs introduced in 1996 with a WIN 100 Award.
MGI Software is currently working on its next generation of PC Photography software, MGI PhotoSuite II. Due out shortly, it is the complete PC Photography solution, which is built from the ground up around new technology embracing the Internet at its core. It begins with a new approach to user interface design that provides the most thorough step-by-step guided or interactive experience for capturing, organizing, transforming, printing pictures and sharing them over the Internet. Packed with hundreds of new features and an extensive array of new tools typically found only in professional-level applications or specialized programs, PhotoSuite II offers users countless hours of entertainment, fascination, better productivity, and the ability to do more things ''to'' and ''with'' their photos. The software delivers to home and business users the easiest to use and most comprehensive standard in PC Photography software.
As well as being the leading choice for consumers, MGI Software also has maintained a leadership position as the first choice in digital photography and video publishing for OEM partners. In September, Intel Corporation [Nasdaq:INTC - news] acquired a minority stake in MGI Software to support the company's vision to develop and offer PC photography and video publishing software on Intel-based computers. Both companies also have entered into a related product and market development agreement to advance MGI's PC imaging, video editing and 3-D graphics technologies. As a first step, Intel is now shipping a version of MGI VideoWave with its motherboards on a worldwide basis.
About MGI Software
MGI'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 (http://www.mgisoft.com) can be contacted at (905) 764-7000.
Copyright(c) MGI Software Corp.,1997. 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. Media Contact: Josef Zankowicz, 905/ 707-3650 josefz@mgisoft.com www.mgisoft.com
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