MGI Software announces MGI VideoWave versions for OEM customers; Signs first videoWave OEM agreement with Iomega -- aims at the burgeoning video capture market.TORONTO--(BUSINESS WIRE)--June 27, 1997--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 ), a leading provider of PC photography and video publishing software, today announced the availability of two versions of its award-winning 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) VideoWave for OEM (Original Equipment Manufacturer) The rebranding of equipment and selling it. The term initially referred to the company that made the products (the "original" manufacturer), but eventually became widely used to refer to the organization that buys the products and (original equipment manufacturer) customers. MGI VideoWave SE (Starter Edition) and MGI VideoWave SE Plus let users quickly and easily capture, edit and produce videos on their computers. The OEM versions retain all the essential qualities that prompted PC Magazine to award MGI VideoWave the Editors' Choice (in the July issue), but with a reduced feature set and functionality. MGI Software also announced that it has signed its first worldwide VideoWave OEM agreement with Iomega Corporation (NYSE NYSE See: New York Stock Exchange :IOM IOM See: Index and Option Market ), of Roy, Utah. MGI VideoWave SE Plus will be included with the new Iomega(R) Buz(TM) multimedia producer, which includes a video capture capability. According to the industry research firm Dataquest of San Jose, Calif., total worldwide shipments of video cards that include a video capture capability is expected to grow from an estimated 14,996,000 units this year to 36,388,000 units for the year 2000. The estimates include a range of different products from low-end to high-end video capture cards, cards with a TV tuner capability and adapters that combine 3D, video capture, and graphics acceleration. "Following our experience in PC photography, we have been working closely with our customers and partners to build multiple OEM offerings in video to meet the wide range of products emerging on the market," 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 Corp. "You'll find products that include a basic capture and editing capability with MGI VideoWave SE, and others that have more robust editing and production capabilities using SE Plus. With these offerings we're poised to capitalize on the growth of video as we have in the PC photography market with PhotoSuite." In another recent Dataquest report, MGI Software was ranked the world's leading supplier of consumer photo editing software for Windows. The company shipped more than 5 million units of its PhotoSuite brand in 1996, and retains about 85 percent of the worldwide OEM market. MGI Software also announced its first worldwide VideoWave OEM deal, with Iomega. MGI VideoWave SE Plus will be included with the new Iomega Buz multimedia producer, a combination video capture card, Ultra SCSI controller and software suite that offers one of the easiest ways to get home movies, photos and music from camcorders, DVD-ROMs, digital cameras, VCRs and laser-disks into a personal computer. For an estimated street price of $199.95 in the U.S., Buz is the industry's most affordable audio/video and photo capture solution to bridge the gap between consumers' multimedia content and their PCs. Content captured with Buz multimedia producer can be edited, shared and then stored directly to an Iomega Jaz(R) disk, Zip(TM) disk, hard drive, VCR VCR: see videocassette recorder. VCR in full videocassette recorder Electromechanical device that records, stores on a videotape cassette, and plays back on a TV set recorded images and sound. tape or the Internet. Using MGI VideoWave SE Plus, users can quickly and easily combine moving pictures, animation, graphics, photos, sound, music and narration to "tell a story" in video. MGI VideoWave lets users quickly and easily capture, edit and produce video on their PC. Aimed at the non-technical, general business and home user, MGI VideoWave takes a fresh approach to video production by eliminating the traditional timeline interface used by other products. Its unique Storyline for video composition, "morphing" console, powerful editing functionality and real-time previewing capability, lets users quickly and easily produce videos in AVI, QuickTime, 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). and Internet streaming video formats for playback on PCs, Macintosh computers, and the Internet or output back to tape. The full version of MGI VideoWave retails for about U.S. $99 (Cdn $129) and is available from computer stores including CompUSA, ComputerCity, and Egghead. An upgrade rebate coupon of U.S. $25 (Cdn $35) will be included in the box for users who upgrade from the SE or SE Plus version. About MGI Software Founded in 1995, MGI Software's mission is to "change the way you picture the world" by revolutionizing the way people use photos, videos and other multimedia on their computers and the Internet. The company's award-winning product line includes MGI PhotoSuite, MGI VideoWave, MGI 3DVision, and MGI Calamus calamus (kăl`əməs): see arum. Publisher. Its customers and partners include Sony, Hitachi, Packard Bell, Konica, Panasonic, Sanyo and Kodak. MGI Software (http://www.mgisoft.com) is publicly traded on the OTC market in Toronto and based 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. . The company can be contacted at 905/764-7000. CONTACT: MGI Software Corp. Shelly Sofer sofer or sopher In Judaism, a scholar-teacher of the 5th–2nd centuries BC who transcribed, edited, and interpreted the Bible. The first sofer was Ezra, who, with his disciples, initiated a tradition of rabbinical scholarship that is still central in , 905/707-3609 shellys@mgisoft.com |
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