MGI PhotoSuite II and MGI VideoWave Named PC/Computing 1998 MVP Award Finalists; Products Honored for Usability and Value in Personal Image Editor and Video Editing Tool Categories.

TORONTO--(BUSINESS WIRE)--Oct. 28, 1998--MGI Software Corp. (TSE:MGI.) MGI Software Corp., the world's leading provider of PC photo and video editing software for business and home users, today announced that both MGI PhotoSuite II and MGI VideoWave have been named finalists for a prestigious PC/Computing 1998 Most Valuable Product (MVP) Award in their respective categories.

Being recognized as a finalists for an MVP Award, is just part of the wide-spread attention and praise MGI PhotoSuite II has received from industry insiders since being released in September of this year. In addition, the product recently received an award from Lyra Research and Questra Consulting for Most Compelling Digital Imaging Application of 1998, an Editors' Choice in PC Photo, and numerous Five-Star ratings from computer and photography publications.

For MGI VideoWave, the recognition by PC/Computing caps off a long list of accomplishments, which began when the product was launched with a Byte Magazine, Best of Comdex Fall Finalist Award in 1996. Since that time, the product has received numerous awards and accolades including a Win 100 Award from Windows Magazine, and two PC Magazine Editor's Choice Awards.

About the PC/Computing MVP Award

MVP Award finalists are selected by PC/Computing magazine's editors after they conduct an exhaustive review of thousands of computer hardware, software, Internet and digital office products, evaluating them for usability, performance, technology, innovation and value. This rigorous review process distinguishes the MVP award, regarded as the technology industry's Good Housekeeping seal of approval.

"It is an honor to be recognized by PC/Computing as an MVP finalist," said Anthony DeCristofaro, president and CEO, MGI Software. "To know that some of the industry's most influential and regarded editors have taken note to both PhotoSuite II and VideoWave is euphoric."

PC/Computing, the Ziff-Davis magazine for technology-focused business professionals, will honor MGI's products and other MVP Award finalists at the 10th annual MVP Awards ceremony on Sunday, November 15, 1998. Winners will be announced at this gala ceremony, to be held this year at Studio 54 in the MGM Grand Hotel in Las Vegas, Nevada. The MVP awards event has long been considered the unofficial kick-off for the COMDEX/Fall technology industry trade show (which officially opens the next day), where MGI Software will display its products at the Microsoft Partners Pavilion, booth L2036, and the Kodak Pavilion, booth L7128.

In addition to being announced at the Awards ceremony, MVP winners will also be featured on the PC Computing home page, http://www.pccomputing.com, and in the January 1999 issue of PC Computing, which many of the publication's more than 1,000,000 readers use as a product buying guide and reference tool.

About MGI PhotoSuite II and MGI VideoWave

MGI PhotoSuite II delivers the complete PC Photography experience making sophisticated photo correction, manipulation, composition and presentation accessible to the average business and home user. The software's unique architecture embraces the Internet on many levels. For example, users can directly access Lycos Pictures & Sounds -- a library of 40,000 of royalty free images -- and use the Lycos P&S search engine, which is specially tuned to search for multimedia objects, to find additional content from the estimated 18 million images on the Internet. Users can access MGI's special photo community called PhotoStreet.com (http://www. PhotoStreet.com), which provides enthusiasts with links to over 1500 photo related sites, tips, tricks, new downloadable content, and updates, plus insight from world-renowned photographer Jerry Downs as he rediscovers photography on the computer. In addition, users can directly access the Kodak Picture Network to get and share their digitally processed pictures. PhotoSuite II includes high-quality templates for creating everything from business cards and stationary to calendars and greeting cards, delivering unparalleled functionality, productivity and entertainment to business and home users working with photos on a PC.

Ideal for business uses such as enhancing presentations with video, creating video news releases, developing video-based marketing and product materials, training videos and streaming Web content, as well as editing home movies, MGI VideoWave is PC video made easy. The product has already been acclaimed by PC Magazine, winning two "Editors' Choice" Awards, for its innovative and intuitive StoryLine approach to PC video editing. MGI VideoWave lets users quickly and easily combine moving pictures, animation, graphics photos, sound music and narration to "tell a story" in video.

About MGI Software

MGI Software is changing the way home and business computer owners experience photography and video. The company has quickly become a market and technology leader with its award-winning products and its relationships with leading manufacturers driving the union of computing with photography, video, and television. MGI's partners include leading firms in the photo industry, online service suppliers, and manufacturers of digital cameras, computer hardware, software, and consumer electronics. With more than 12 million copies shipped in two years, MGI's PhotoSuite and VideoWave are the leading brands in retail and OEM distribution spanning 25 countries. According to market research firm Dataquest, MGI Software has captured a worldwide installed base market share of 44 per cent in consumer photo software, 8 per cent more than its nearest two competitors combined. In 1997, Intel Corporation invested in MGI and entered into related product development and marketing agreements. MGI Software shares trade on The Toronto Stock Exchange (Symbol - MGI). For more information visit http://www.mgisoft.com.

Copyright(c) MGI Software Corp.,1998. MGI, MGI PhotoSuite, MGI VideoWave and PhotoStreet.com 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.