Mystic, Connecticut, October 10, 2001 - USA Video Interactive (OTCBB: USVO; CDNX: US; BSE: USF; www.usvo.com) today announced that its StreamHQ™ suite of rich media delivery services has satisfactorily completed
operational beta testing and that the StreamHQ™ architecture is fully ready to support client services. The immediate impact of production-ready status is the transition of existing customer service
accounts to StreamHQ™, as well as USVO's own web presence. In addition,
USVO will begin supporting new accounts for value-added streaming
services, including Zmail campaigns focused on marketing, corporate
communications, and customer service.
In parallel with the StreamHQ™ launch, USVO is unveiling its new usvo.com
and streamhq.net websites. The new usvo.com site is a product- and
services-oriented site, intended to provide prospective customers with
information on products and examples of Zmail and other media delivery
services. This site also showcases the company's technology and
intellectual property, as well as providing corporate information to
investors and potential partners. The streamhq.net site presents a
variety of specific information on StreamHQ™ to the general public and
will also provide secure customer access to Zmail campaign statistics and
account information.
"We are elated about achieving this significant milestone in the StreamHQ™
deployment," said Edwin Molina, President and CEO of USA Video
Interactive. "It is satisfying to see this monumental technical
undertaking come to fruition, and we look forward to providing our
customers with a robust media delivery service, as well as the additional
features that will offer added value for their media delivery
investments."
The StreamHQ™ launch represents the completion of the first and most
complex phase in an ongoing development program. Initially, it is
anticipated that most of the functionality additions will be to better
serve Zmail clients. Beyond this phase, USVO has aggressive plans for
software and architecture upgrades that tailor services to educational,
corporate training, and entertainment markets.
About StreamHQ™
StreamHQ™ introduces unprecedented technological and business advantages
to Internet media users by providing media delivery solutions customized
to specific markets, including advertising, corporate communications, and
customer service. Value-added features such as detailed user transaction
tracking and viewer authentication/entitlement, combined with superior
security of client content and data, set StreamHQ™ apart from competing
services. StreamHQ™ serves a wide variety of business models and delivers
a range of revenue-producing and cost-saving rich media applications such
as Zmail, which can fit the business goals and budgets of almost any
organization. StreamHQ™ services can also be seamlessly integrated into
any existing corporate web property, making it easy to add the power of
rich media to any site and measure the results. Finally, StreamHQ™ is a
scalable and customizable streaming, web, and data management architecture
that can be designed, built, and delivered as a turnkey enterprise-level
media delivery platform.
About USA Video Interactive
USVO is a developer and supplier of Internet media delivery services,
systems, and innovative end-to-end solutions. The company has developed
its StreamHQ™ architecture to provide a wide range of business customers
with value-added media delivery services. StreamHQ™ facilitates the
transmission of digitized and compressed video to the user's desktop via
multiple modes that take advantage of available connectivity. While
competitors take a "one-size-fits-all" streaming approach, StreamHQ™
brings unique value propositions to individual vertical markets with
functionality designed specifically for those markets. Beyond high
quality media delivery, USVO gives its customers media asset management
tools and information that provide accountability and return on investment
(ROI) for their streaming expenditures. USVO has created Zmail, which
uses StreamHQ™ to deliver rich media emails for advertising, marketing,
corporate communications, and customer service applications. USVO holds
the pioneering patent for store-and-forward video, filed in 1990 and
issued by the United States Patent and Trademark Office on July 14, 1992;
it has been cited by at least 145 other patents. USVO holds similar
patents in Germany, Canada, England, France, Spain, and Italy, and has a
similar patent pending in Japan. 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;
Trading Symbol on the Berlin Stock Exchange: USF. Standard & Poors
Listed. CUSIP 902924208. 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: Kevin Yorio, 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. |
