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New agreement builds on strong working relationship to extend growth of
consumer video

MGI (TSE: MGI) today announced a worldwide VideoWave licensing agreement
with Adaptec, Inc. (NASDAQ:ADPT), the global leader in innovative storage
solutions. The agreement, potentially valued at one million dollars,
builds on MGI’s existing relationship with Adaptec and results in MGI's
market-leading consumer video software for Windows being included with
Adaptec's AFW-4300 FireWire (IEEE 1394) host adapter card. Historically,
the two companies have worked together to ensure hardware/software
compatibility, and to help foster the adoption of FireWire. MGI's
PhotoSuite and VideoWave are also bundled with Adaptec's popular Easy CD
Creator.

Ihor Petelycky, general manager, Video Products, MGI, said, "In the
effort to drive the popularity of consumer video, MGI continues to build
close working relationships and strategic partnerships with leading
technology providers such as Adaptec. The popularity of VideoWave is being
driven in part by the adoption of FireWire as the industry standard for
transferring video from a digital camcorder to the computer, and the
interest of users to create web-ready videos."

According to research firm Cahners In-Stat Group, some 20 million PCs will
ship with IEEE-1394 this year, a significant increase from the 7 million
units shipped in 1999. The adoption of IEEE-1394 in PCs will continue to
spike with unit shipments climbing beyond 50 million by 2003. In-Stat also
forecasts that by the year 2004, 76 percent of consumer desktop computers
and more than 65 percent of digital video camcorders shipped will offer
FireWire connectivity. Home video editing and publishing is seen as one of
the ‘killer-apps’ for FireWire, so as the standard continues to
proliferate, the market for consumer video editing software is expected to
grow in tandem.

Under the agreement with Adaptec, MGI VideoWave 4 SE is bundled with
Adaptec's reliable AFW-4300 FireWire host adapter and a six- to four-pin
FireWire cable. At a suggested retail price of US$94 (approx £66), the
combination is an affordable end-to-end solution for capturing, producing
and sharing professional quality videos on the web.

Notes to Editors

For further information on MGI Software, please contact:

Jenny Hodge, communications manager,

MGI Software,

tel: 01908 278106 / 07775 897360,

email: jennyh@uk.mgisoft.com.


MGI contact information for publication:

Web sites: http://www.mgisoft.com


http://and www.videowave.com


UK enquiries: 0800 973830

About Adaptec

Adaptec (NASDAQ: ADPT) is the global leader in innovative storage
solutions. Adaptec's hardware and software solutions for business and
Internet applications move, manage, and protect critical data and digital
content. Adaptec's storage solutions are found in high-performance
networks, servers, workstations and desktops from the world's leading
manufacturers, and are sold through distribution channels to ISPs,
enterprises, medium and small businesses and consumers. Adaptec is an S&P
500 and a NASDAQ 100 member. More information is available at
http://www.adaptec.com

About MGI

MGI is a leading provider of visual media software products and
infrastructure that maximise the use of digital visual content by
businesses and individuals. We do this by providing software and services
that uniquely enhance every step of the visual media communications cycle,
including capturing, creating, streaming, viewing, storing, sharing and
publishing. Using our software, businesses and individuals create rich
visual content to deliver optimal Internet experiences that communicate,
drive user enjoyment and customer frequency, duration, transactions and
satisfaction. With headquarters in Richmond Hill, Ontario, MGI employs
over 300 people with offices in North America, Europe, and Asia Pacific.
MGI Software is publicly traded on The Toronto Stock Exchange under the
symbol ‘MGI’. In the UK, MGI is a member of the British Photographic and
Imaging Association (BPIA), the Photo Marketing Association International
(PMA) and The European Leisure Software Publishers Association (ELSPA).

© MGI Software Corp., 2000. MGI and 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.

This press release contains statements that are forward looking and are
based on current expectations that are subject to risks and uncertainties.
Actual results will differ due to factors such as shifts in customer
demand, product shipment schedules, product mix, competitive products and
pricing, technological shifts and other variables.

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