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USA Video Interactive Corp US
Shares issued 73,466,089 Jun 19 close $5.25
Tue 20 Jun 2000 News Release
Mr. Tony Drescher reports
USA Video Interactive has been selected as the exclusive streaming video
provider and Webcaster by Innosight, LLC (www.innosight.com), the on-line
innovation problem-solving resource based on theories developed by Harvard
business school professor, Clayton Christensen. Mr. Christensen is the
author of the best-selling The Innovator's Dilemma, which describes his
revolutionary theories of disruptive technologies.
In addition to providing Innosight with Web-based streaming video, USA
Video Interactive will enable the streaming of Mr. Christensen's Disruptive
Innovation Primer, the hallmark speech explaining the dynamics of
technological disruption, and will host and/or produce creative content and
live Webcasts and will collaborate on Innosight's future needs and desired
capabilities. USA Video Interactive will licence use of its patents to
Innosight as part of this contract.
Commenting on the agreement, Innosight's chief executive officer, Michael
Overdorf, stated: "Through our methodology and technology, Innosight will
help to set the standard for how managers learn and solve problems using
the Internet. We believe that our partnership with USA Video Interactive
for streaming media will be a key enabler to our ability to achieve this
goal."
USA Video Interactive introduced the Delivering Disruption session at last
November's Disruptive Innovation Conference in Vancouver, noting that: "Our
technology works best in today's limited bandwidth environment, but it also
will meet the future needs that many of their customers don't even know
they have yet. Thus, USA Video Interactive can assist established companies
in serving today's consumer demands for streaming video while bridging to
accommodate future demands," said USA Video's chief financial officer, Tony
Drescher.
About Innosight
Innosight is a new model for business learning built upon Clayton
Christensen's revolutionary principles of disruption. Through up-to-the
minute Web-delivered content, the active participation of Mr. Christensen,
and a staff of knowledge professionals, Innosight is able to help companies
solve the problems that they are encountering today, as well as those that
they should anticipate in the future. The Innosight Journal, the
centrepiece of the company's rich-content base, is a venue for the
distribution of Mr. Christensen's latest thought. Rather than waiting to
release his ideas in a second book, Mr. Christensen is distributing them
via Innosight, where managers can use them in real time, discuss and
debate, and arrive at solutions now. For more information on the value of
participating in Innosight, visit www.innosight.com.
WARNING: The company relies on litigation protection for "forward-looking"
statements.
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