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MGI Software Corporation
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(905) 707-3554
ChrisT@mgisoft.com
NEWS RELEASE TRANSMITTED BY CANADIAN CORPORATE NEWS
FOR: MGI SOFTWARE CORPORATION
TSE SYMBOL: MGI
APRIL 7, 1998
JVC Signs Worldwide License Agreement with MGI Software;
MGI's Leading PC Photography Product Included with New
Digital Video Cameras, Dual Mode Camcorders, and Digital
Printers
TORONTO, ONTARIO--MGI Software Corp., the leader in PC photography
and video publishing software, today announced that Victor Company
of Japan, Ltd. (JVC) has signed a worldwide license agreement to
bundle MGI PhotoSuite SE with a new line of JVC digital
CyberCam's, camcorders, and digital video printers.
Embraced by both home and business users, MGI PhotoSuite SE
enriches the PC photography experience by providing powerful tools
that enable users to easily manipulate, enhance, organize and be
creative with photos on their PCs and the Internet. In the U.S.,
for example, MGI PhotoSuite SE is bundled with JVC's much
anticipated GR-DVL9000 digital CyberCam, GR-AXM700 camcorder, and
GV-DT1 digital video printer.
"MGI PhotoSuite SE's robust PC photography features offer our
customers a simple and effective method of importing images from
the video domain into that of the PC," said Kevin Gordon, Products
and Promotions Manager, JVC Consumer Video Division. "The JVC
GR-DVL9000 is a progressive Scan CCD, digital video camera that
provides outstanding resolution for both full motion video and
still images. The GR-AXM700u is an all-in-one camcorder that
combines Compact VHS with digital still camera capabilities. Add
the GV-DT1 multimedia printer and you have an end-to-end solution
that meets all your multimedia requirements."
MGI PhotoSuite SE enables a user to retouch still images, sharpen
or soften pictures, add special effects, and use the provided
templates to create new digital content. The built-in catalog
feature helps users manage all captured images, including video
clips, sound files, and projects. Photos can be used to enhance
documents and business presentations, e-mailed as attachments,
posted on a Web page for the Internet, or printed as hard copy on
a multimedia printer.
MGI Software's strategic partner in Japan, Mitsui & Co., assisted
the agreement between MGI and JVC. Following the launch of
PhotoSuite in the Japanese consumer market, Mitsui has focused on
expanding MGI's presence through OEM (Original Equipment
Manufacturers) agreements. In recent months, Mitsui has
successfully concluded similar agreements with Fuji Film Co. Ltd.,
Canon and others, and is working to expand these and other
agreements to include MGI's VideoWave product with other consumer
devices in the digital photo and video markets.
About Victor Company of Japan
Since its foundation as a manufacturer of records and phonographs
in 1927, JVC has been a long-time leader of hardware and software
development in the audio visual field. Supported by a sustained
technology-oriented philosophy, JVC has successfully grown as an
audiovisual-centered company for consumers. Its electronics
technology has continually reshaped the field on a worldwide
scale, and includes breakthroughs such as the VHS format for home
use, which has permeated to no less than 600 million VCRs
globally.
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 short 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
25 countries. MGI Software (http://www.mgisoft.com) can be
contacted at (905) 764-7000.
In March, MGI signed a definitive merger agreement with Discreet
Logic (Nasdaq - DSLGF) which develops advanced systems and new
media software used in the creation of digital imagery serving
three key markets: visual effects, editing and production.
Artists, editors and designers use Discreet Logic's products to
develop imagery for video, broadcast, HDTV, the web, new media and
feature films. Discreet's systems have played key roles in the
creation of special visual effects for recent films such as
Titanic, Forrest Gump, Independence Day, The Fifth Element, Batman
& Robin, Contact and Air Force One.
Copyright(c) 1998 MGI Software Corp. 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.
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