There are several software that can create a pseudo-stereo effect on mono material; one in which you can regulate the effect is Steinberg Wavelab, which does a very good job. Unfortunately, it is very $!
A cheaper solution that delivers good results is using "spin doctor" provided in the Easy Cd Creator 3.5. It has a option for m->s that worked very well and comparable to the Orban stereo sinthetizer.
Beware: Aadaptec used two diferent external DLL for the Spin Doctor software, the best one is the irts release, which was based on a Arboretum package. Later version (from 3.5c, not sure if 3.5b) used a different DLL set that was still good but not as the previous for the m->s effect.