USA Video Interactive to Provide Webcasting for Educational Media Web sites
Includes the EducatorsPortal.com, CA-magazine.com, and Matrix-magazine.com
Mystic, CT - July 13, 2000 - USA Video Interactive (NBQ: USVO; CDNX: US; www.usvo.com) has been selected as the webcaster and streaming media provider for the Educational Media family of Web sites, including The EducatorsPortal.com, CA-magazine.com, and Matrix-magazine.com. These sites complement and extend the company's education magazines which reach more than 100,000 top-level education decision makers in every school district, college and university in the United States. With this agreement, Educational Media will work with USA Video Interactive to offer "video ads" to its clients and web advertisers, and to provide a variety of streaming media resources and enhanced editorial capabilities to its sites.
"The Educational Media publications and websites have been an influential force in bringing technology to education," said Edwin Molina, President and CEO of USA Video Interactive. "A good example is SchoolTone Magazine, which was established to support the SchoolTone Alliance, an organization created by Sun Microsystems and other leading Internet and education technology companies to make school technology easier to acquire and use." Among the nearly two dozen members of The SchoolTone Alliance (www.schooltone.com) are AboveNet, Blackboard, Britannica, Exodus Communications, Jason Foundation, Lucent Technologies, Sun Microsystems and USA Video Interactive. USA Video Interactive serves as Secretary on the Board of Directors of The SchoolTone Alliance.
"We are moving aggressively to provide our customers with the best web-based education news, information, and resources," said Daniel E. Kinnaman, Executive Vice President and Group Publisher at Educational Media LLC. "The combination of its streaming audio and video technologies and its commitment to the education market, make USA Video Interactive a valuable partner in these efforts, and we are enthusiastic about adding its technology to our sites."
About Educational Media LLC
Educational Media LLC is the leading publisher of magazines for top-level education decision-makers at the elementary, secondary, college and post-graduate level. Publications include:
§ Curriculum Administrator: The magazine for leaders in K-12 education.
§ Matrix: The magazine for leaders in higher education.
§ .edu/magazine: The educators' guide to Internet companies, products, and services.
§ SchoolTone: The magazine of the SchoolTone Alliance, an organization of companies offering web-based subscription products and services.
§ SIF Report: The magazine dedicated to coverage of the Schools Interoperability Framework.
About USA Video Interactive
USA Video Interactive is an international designer and supplier of high-tech Internet streaming video and Video-on-Demand™ systems, services and innovative end-to-end solutions. The USA Video Interactive technology gives users full-motion video; the unique flexibility of standard, VCR-like controls of play, fast-forward, reverse and pause; and the convenience of a standard internet-browser format for access. It provides video images significantly faster and at a higher degree of resolution than with previously available methods; significantly overcomes bandwidth restrictions; and eliminates the blockiness and slowness of current technologies -- all at a lower cost and at or near broadcast quality. For more information on USA Video Interactive, visit www.usvo.com.
USA Video Interactive Corporate Headquarters Office: 70 Essex Street; Mystic, CT 06355; (800) 625-2200; (860) 572-1560. Canada Office: 837 West Hastings Street; Suite #507; Vancouver, B.C. V6C 3N6. Trading symbol on the US NBQ: USVO; Trading symbol on The Canadian Venture Exchange: US. Standard & Poors Listed. CUSIP 902924208; USA Video, USA Video Interactive, Video-On-Demand and Video Yellow Pages are trademarks of USA Video Interactive. The Canadian Venture Exchange (CDNX) has not reviewed and does not accept responsibility for the adequacy or accuracy of this release. For more information contact: Tony Castagno, Media Relations, 860-572-1560; Kevin Yorio, Investor Relations, 860-572-1560; info@usvo.com
This press release may contain forward-looking statements that involve risks and uncertainties. Actual results could differ materially from those anticipated in forward-looking statements. Investors are cautioned that such forward-looking statements involve risks and uncertainties. |
