USA Video Interactive Introduces StreamHQ™ for Next-Generation Media
Distribution Versatility
New Aspect of Company Business Plan To Provide Unmatched Services in Encoding
and Streaming Video
Mystic, Connecticut, December 11, 2000 - USA Video Interactive (OTCBB: USVO;
CDNX: US; www.usvo.com) announces its new suite of next-generation Internet
streaming services, StreamHQ™, at this week's StreamingMediaWest Conference
in San Jose, California, and is pleased to note that several companies have already signed on to utilize the StreamHQ™ services.
StreamHQ™ is an umbrella of end-to-end media delivery services from source to viewing, including content production, content encoding under the banner
EncodeHQ™, asset management, media and application hosting, multi-mode content distribution, transaction data capture and reporting, and e-commerce.
StreamHQ™ services will leverage the capabilities of the Internet while
bypassing its latencies and are designed to be highly available, reliable,
flexible, scalable and cost-effective. "We have chosen corporate partners
who define excellence in their respective fields, such as data-storage leader
EMC2 Corporation," said Edwin Molina, CEO and President of USA Video
Interactive. "And we designed the StreamHQ™ architecture for
non-obsolescence, so we will constantly remain on the cutting edge and will
not be encumbered by legacy components as hardware technology evolves."
StreamHQ™ embodies USA Video Interactive's media services vision by bringing
the disciplines of video distribution, data management, and the web together
in a unique way to meet customer requirements. StreamHQ™ is an enabling
technology for media-driven corporate, education, entertainment, and other
general business applications and can support countless specific
applications, including rich media advertising, entertainment video delivery,
video-enhanced websites, corporate training, educational portals (including
www.k-12video.com), infomercials, merchandising, and many more.
USA Video Interactive began to develop the StreamHQ™ concept earlier this
year when the company's analyses of business trends showed that the
hardware-oriented systems solution was becoming a less desirable option for
some potential customers, particularly in view of a shifting Internet
video-on-demand and streaming video landscape and a deteriorating high-tech
investment market. "After significant market research, we concluded that,
while not eliminating our already-established corporate offerings, we would
include in our business plan an innovative services-oriented approach that
would be effective and profitable even in a declining technology market,"
said Mr. Molina. "Our months of planning and implementing this strategy and
building out the infrastructure it requires are coming to fruition just as
major corporations and other potential clients of our services are looking
for an economical and cost-effective means to take full advantage of the
Internet." In recent weeks,!
major business publications like The Wall Street Journal and Business Week
have begun to analyze the fundamental changes that have occurred in the
economy and the effects these changes are having and will continue to have on
technology companies over the next two to five years. "We know that
providing value to our clients above and beyond that which our competition
can provide is in the best long-term interest of the company," said Mr.
Molina. "With StreamHQ™, we can offer our customers unique functional value
and bring a new dimension to the media streaming industry."
USA Video Interactive has planned an aggressive deployment schedule for its
StreamHQ™ services. Today, customers are utilizing EncodeHQ™ and various
streaming services, and the company will be launching and detailing
additional StreamHQ™ functions and capabilities in the coming weeks, in part
tailored to the needs of the company's first major customers. "The strength
of the architecture's flexibility and scalability," Mr. Molina said, "is its
ability to meet the broad requirements of a diverse client base, from
businesses with modest goals to those having a global media distribution
vision."
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 patent for store-and-forward
video, #5,130,792, was filed in 1990 and issued by the United States Patent
and Trademark Office on July 14, 1992; it is considered a pioneer patent in
the field of video-on-demand and Internet video. It has been cited by at
least 141 other patents. In 1999, USA Video Interactive was awarded similar
patents in England, France, Spain, Italy and Germany; the company has patents
pending in Canada and Japan. The USA Video Interactive patented video
technology gives users full-motion video; the flexibility of standard,
VCR-like controls; 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. USA
Video Interactive is nearing completion of a patented Wavelet compression
technology that will further enhance the company's ability to deliver
Internet video to home modem users and reduce storage and download-time
requirements for all users, including those with broadband connections. For
more information, 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 OTCBB:
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. Actual results
may differ materially from those projected in any forward-looking statement.
Investors are cautioned that such forward-looking statements involve risk and
uncertainties, which may cause actual results to differ from those described. |
