USA Video Interactive USA Video Interactive CEO Invited to Address Leadership Conference in Puerto Rico
Mystic, Connecticut, May 10, 2001 - Edwin Molina, President and CEO of USA Video Interactive (OTCBB: USVO; CDNX: US; www.usvo.com), has been invited to address the annual Republican National Committee Northeast Leadership Conference being held this weekend at the Ritz-Carlton San Juan Hotel in Puerto Rico. Mr. Molina will speak on the leadoff panel of the conference, entitled "21st Century Approach to Political Communications: Telecommunications and the Internet."
The Conference is being hosted by Luis Ferre, Governor of Puerto Rico, who also is making the keynote address. Invited guests include President George W. Bush, Vice President Richard Cheney, and the Republican Governors, Senators and Congressmen from the northeast United States including Maine, New Hampshire, Vermont, Massachusetts, Rhode Island, Connecticut, New York, New Jersey, Pennsylvania, Maryland and Delaware.
Mr. Molina will speak about USVO's educational deployments in several northeast U.S. school systems and the company's initiatives in Puerto Rico to bring streaming rich media to Latin America. He will discuss the capabilities and personalization that USVO's StreamHQ™ suite of services can bring to communications between legislators and their constituents, emphasizing that the most efficient way to bring a message to a constituent is by way of streaming Internet video.
In his remarks, Mr. Molina will state, "Communication with voters has traditionally been very costly, relying heavily on direct mail and TV advertising, but the advent of rich media Internet communication changes all that. With broadband networks for high quality digital video delivery and video streaming technologies for low bandwidth access, our country's leaders now can reach virtually anyone with an Internet connection and can do so inexpensively. Interactive rich media personalizes these communications with constituents and makes it affordable enough to communicate far more regularly and effectively."
"With our ability to deliver simultaneous audio signals to accompany video, our leaders will be always able to reach the American people not only in English and Spanish, but also in any of the wide variety of other languages spoken by our citizens."
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. Its StreamHQ™ media delivery services are focused on creating revenues for customers and reducing their Internet costs. StreamHQ™ encompasses the entire media experience from source to viewing, including content production; content encoding; asset management; media and application hosting; multi-mode content distribution; and transaction data capture, reporting and analysis. StreamHQ™'s design leverages the capabilities of the Internet while bypassing its latencies, with high availability, reliability, flexibility, scalability and cost-effectiveness. 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 England, France, Spain, Italy and Germany, and has patents pending in Canada and Japan. The USVO 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. USVO is developing patented Wavelet compression technology that will further enhance the company's ability to deliver unique capabilities as part of StreamHQ™. 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. 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. |
