USA Video signs agreement with Civic Enterprises USA Video Interactive Corp US Shares issued 73,466,089 Sep 7 close $4.64 Fri 8 Sept 2000 News Release Mr. Tony Castagno reports USA Video has today launched its strategic international sales and marketing initiative by entering an agreement to bring Internet video to Australia and New Zealand. Civic Enterprises Ltd. of New Zealand and its associated companies have signed a joint venture agreement with USA Video to solve the region's lack of infrastructure and make it possible to bring streaming Internet video and video-on-demand to customers in Australia, New Zealand and elsewhere in the Pacific Rim. The dollar value of the contract and the nature of any revenue-sharing arrangements will be finalized when the technical scope and requirements of the project, including infrastructure costs, are defined and negotiated. "Our plans to strategically expand our sales and marketing initiatives globally have been developed over the past several months and now are ready for implementation. Over the next few weeks, we will be detailing more of these plans with announcements of sales and partnerships in all corners of the world," said Edwin Molina, president and chief executive officer of USA Video. Civic has contracted USA Video to deploy Internet TV via its state-of-the-art video servers and set-top boxes to at least 100,000 people in these regions, capitalizing on Civic's plan to resolve the infrastructure barriers that beset other companies trying to bring streaming video to these regions. The companies have agreed to share technologies and work together, focusing on developing a wireless solution in Australia and New Zealand that can be a model worldwide for delivering high-quality Internet video in areas where the infrastructure is poorly developed. Additionally, Civic has invited USA Video to locate offices in its facility in Sydney, Australia. "The USA Video Interactive solution is the best I've seen and their technical team is top flight," said John Rutherford, chairman of Civic and holder of several patents on certain wireless transmission systems for the delivery of TV and similar services. "It is one thing to say you will bring video on demand into a region, it's quite another to build the infrastructure to make it possible to deliver on the promise. Particularly as we incorporate wireless and satellite components into the overall system we are designing, we should be able to overcome infrastructure limitations and greatly broaden the broadcast offerings available to our customers in the Pacific Rim." Civic's associated companies include Pacific Satellite Communications, PacAmTel LLC, PacAmTel Ltd., PacEuroSat Corporation, and other companies operating in the United States and Pacific Rim countries in the field of satellite and Pay TV services. PacAmTel has satellite earth stations, which provide up and down linking for a range of communications services, but in particular Internet data, which it distributes via satellite to countries which comprise approximately 85 per cent of the world population. PacAmTel, since its recent merger with the Asian communications group, Q-East.com, is increasing this coverage with the installation of additional teleports, either directly or through associated companies. "This is an excellent partnership that has developed over many months and now is being formalized so our technical teams will start working together to bring the world of Internet TV to the Pacific Rim," Mr. Molina said. "With Civic's and John Rutherford's experience and knowledge, we now share a tremendous advantage in making these plans a reality and creating some very innovative solutions incorporating the latest in video technology with the latest in wireless and satellite delivery for application here and throughout the world. This is further confirmation that not only is true convergence of tomorrow's technologies here today, but also that USA Video Interactive is at the forefront of these revolutionary developments working with leading companies throughout the world to bring Internet video and Internet TV to their customers and to develop new and prosperous markets worldwide." About Civic Enterprises Civic Enterprises Ltd., a New Zealand corporation with associated companies Pacific Satellite Communications, PacAmTel Ltd., PacAmTel LLC, PacEuroSat Corporation, the Civic Team Ltd., Q-East.com, and supporting savings and loan and TV companies, provides pay TV and satellite services to many countries. PacAmTel and Q-East facilities in One Wilshire, Los Angeles, Calif., include ducting down through that 32-story building to the other telcos and Internet companies. From there it administers its regional teleport that provides a coverage area reaching all domestic U.S. and many Pacific and Atlantic satellites. With these capabilities, PacAmTel can transmit and receive voice, data and video to and from approximately 85 per cent of the world's population. The teleport (believed to be the largest in the region) is located on 60 acres in the Nuevo California desert and is directly connected by fibre to One Wilshire, the major communications hub in the Western United States, with over 50 communications companies. It also owns a 70-mile microwave link to the teleport and associated POPS, which provide a unique position in the event of cable failure through earthquake or other disaster in that it has two antennas on the rooftop and leases the 30th floor radio room. The microwave and fibre links provide fully redundant circuits between the teleport and One Wilshire. The PacAmTel facility has multiple backup power supply alternatives, ensuring traffic is never interrupted. Its highly experienced personnel and consultants, coupled with PacAmTel's high-tech equipment, enable the company to provide its clients with a reliable and cost effective telecommunication service. Civic is setting up facilities similar to One Wilshire in Australia and New Zealand in association with other telecommunications companies, broadcasters and Internet companies. WARNING: The company relies on litigation protection for "forward-looking" statements. (c) Copyright 2000 Canjex Publishing Ltd. stockwatch.com |