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Microcap & Penny Stocks : USVO - USA Video Interactive

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To: harddog who started this subject6/1/2001 5:23:25 PM
From: Halbert   of 648
 
USA Video Interactive Corp US
Fri 1 Jun 2001 News Release

Mr. Tony Castango reports Phenomedia, Germany's largest creator of entertainment content for PCs, video game systems, the Internet, interactive television and mobile device platforms, has contracted USA Video Interactive to provide streaming media services for its customers and will start by streaming content for Phenomedia's client, Ferrero. Ferrero, a leading chocolate company in
Germany, has launched a series of creative on-line games to promote its products and USVO is streaming one of the commercials embedded in these games. The contract is for three years and can be amended or cancelled on a
monthly basis after a three-month minimum contract period.
"USA Video has been very attentive to our needs, we are very happy to be working with them on this project," said Bodo Thevissen, project manager for Phenomedia.
"We are happy to be working with international consumer products companies like Phenomedia and Ferrero," said Edwin Molina, president and chief executive officer of USVO. "It is a great use of our streaming technologies and certainly demonstrates one of the many ways we can help our clients
attract new customers by leveraging the power of the Internet." About Phenomedia Phenomedia of Bochum, Germany, creates entertainment content for interactive television, the Internet and mobile device platforms.
Phenomedia has been strengthening its role as a key supplier in the
dynamically growing market of interactive entertainment through investments
and acquisitions in Germany and abroad, and was the first publicly traded
entertainment software company on the Neuer Exchange.
Phenomedia also created the Moorhuhn on-line games championships, which
have attracted hundreds of thousands of players from throughout Europe. The
championship solidified Phenomedia's role in designing extremely
entertaining games as highly effective promotional tools. Another example
is the world smash hit, Catch the Sperm, which can be downloaded from
www.catchthesperm.com. Phenomedia recently co-founded MobileScopeAG in
Dusseldorf to develop software -- and game software in particular -- for
mobile devices. Some of Phenomedia's other clients include Deutsche
Telekom, Mercedes-Benz, Panasonic, Sony Music Publishing and RTL New Media.
Phenomedia's Web site is located at www.phenomedia.com.
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