MGI Software Enters PC Video Market with Software MPEG Encoder for OEMs, Software Developers and Video Enthusiasts.TORONTO--(BUSINESS WIRE)--Sept. 3, 1996--MGI SOFTWARE CORP.(CANADIAN DEALING NETWORK Canadian Dealing Network (CDN) The organized OTC market of Canada. Formerly known as the Canadian Over-the-Counter Automated Trading System (COATS), the CDN became a subsidiary of the Toronto Stock Exchange in 1991. : MGIS MGIS Musa Germplasm Information System ) MGI MGI Mouse Genome Informatics MGI Modular Gateway Interface MGI McKinsey Global Institute MGI Military Geographic Information MGI Marine Geological Institute MGI Policy on the Management of Government Information (Canada) Software Corp., the leading supplier of PC photography software, today announced availability of a software MPEG (Moving Pictures Experts Group) An ISO/ITU standard for compressing digital video. Pronounced "em-peg," it is the universal standard for digital terrestrial, cable and satellite TV, DVDs and digital video recorders (DVRs). Encoder for compressing and delivering video and audio on CD-ROMs or via the World Wide Web. The MGI MPEG Encoder for Windows is based on technology recently acquired from Drastic Technologies Ltd., Toronto, a leading developer of digital video technologies. The acquisition effectively positions MGI Software among the leading MPEG Encoder providers in the world. MPEG (Motion Picture Experts Group (spelling) Motion Picture Experts Group - Incorrect expansion of MPEG, which stands for Moving Picture Experts Group. ), an international standard for compressing digital video and audio data, is also used in satellite video transmission, TV broadcast and DVD DVD: see digital versatile disc. DVD in full digital video disc or digital versatile disc Type of optical disc. The DVD represents the second generation of compact-disc (CD) technology. (Digital Versatile Disc digital versatile disc or digital video disc (DVD), a small plastic disc used for the storage of digital data. The successor media to the compact disc (CD), a DVD can have as much as 26 times the storage capacity of a CD. ) which can store up to 133 minutes of digital video and sound with higher quality suitable for movie playback. The MGI MPEG Encoder software is now being sold to equipment manufacturers, software developers and video enthusiasts and is available electronically over the Internet for $149 ($179 Cdn). The MGI MPEG Encoder is an ideal solution for quality in-house encoding at a fraction of the cost of hardware encoders or service bureaus which charge up to $30 per minute of video or digital tape. The MGI MPEG Encoder creates fully compliant MPEG-1 system streams from digital audio and video sources files. The product can directly compress digital files created using video capture cards, video editing and digital imaging software and other popular multimedia tools from Microsoft, Adobe and Macromedia. One can also compress any files or Web pages retrieved from the Internet to create a sequence for archival purposes. MGI also provides a built-in playback control allowing for easy review of finished MPEG files using the MGI ActiveMovie player. "The MPEG-based multimedia market is emerging with developers and users looking to integrate video into their applications and presentations," said Anthony DeCristofaro, president and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. , MGI Software. "The next big market trend in the PC industry is affordable video as companies and individuals apply video and audio in new and more imaginative ways. On a consumer level, the personal computer is moving steadily to join the television as the family entertainment center and PC video is the heart of this transformation." MPEG and the PC Video Market Earlier this year, Microsoft Corp. introduced its ActiveMovie software technology which gives almost every PC the basic capability to decompress To restore compressed data back to its original size. (compression, data) decompress - To reverse the effects of data compression. and display MPEG video by using Windows. Further boosting the market will be a new generation of chips from Intel and other vendors that include MMX technology designed to reduce video decompression time. Over the next year virtually every PC graphics manufacturer will enter the MPEG decoder market to improve the frame-rate playback of digital video on consumer- level PCs, including ATI Technologies, Diamond Multimedia, Number 9 Visual Technologies, and Matrox. While computer manufacturers Packard Bell, IBM (International Business Machines Corporation, Armonk, NY, www.ibm.com) The world's largest computer company. IBM's product lines include the S/390 mainframes (zSeries), AS/400 midrange business systems (iSeries), RS/6000 workstations and servers (pSeries), Intel-based servers (xSeries) , Compaq and Sony are already shipping PCs with MPEG playback on board. According to analysts, the only thing holding back the MPEG market is the lack of MPEG content that takes advantage of these capabilities. In this scenario, the demand for MPEG encoding solutions to deliver MPEG content is expected to grow significantly. About MGI Software MGI Software Corp. was formed in 1995 by the same people who helped bring companies like AST (AST Computer, Irvine, CA) A PC manufacturer founded in 1980 by Albert Wong, Safi Quershey and Tom Yuen (A, S and T). It offered a complete line of PCs that sold through its dealer channel. Canada, Corel and Delrina to the forefront of the computer industry, and who are now making MGI one of the hottest technology companies in Canada. Its mission is to change the way we picture the world by transforming the way people use photos, video and other multimedia on their PCs and the Internet. MGI develops, markets and supports innovative software solutions for Microsoft Windows 3.x, Windows 95, Windows NT, Apple Macintosh and IBM OS/2 Warp computers. MGI has its head office in Richmond Hill, Ontario Richmond Hill (2006 population 162,704) is a town in York Region north of Toronto, Ontario, Canada. It is part of the Greater Toronto Area. History The area was first surveyed by Lieutenant-Governor John Graves Simcoe in 1794 while he was constructing Yonge Street. and other offices in the United States and Europe. The Company's shares trade on the Canadian Dealing Network in Toronto (symbol-MGIS). For more information about MGI and its products, visit www.mgisoft.com on the World Wide Web. -0- MGI, MGI PhotoSuite are registered trademarks of MGI Software Corp. All products mentioned are trademarks or registered trademarks of their respective companies. CONTACT: MGI Software Corp. Josef Zankowicz, 905/764-7000 ext 250 Internet: josefz@mgisoft.com |
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