Australian Investment Company Signs with USVO for StreamHQ™ Services
Mystic, Connecticut, June 19, 2001 - Charters Towers Gold Mines Limited (ASX: CTO) has contracted USA Video Interactive (OTCBB: USVO; CDNX: US;
www.usvo.com) to provide streaming media services utilizing USVO's
StreamHQ™ architecture. The initial deployment of the USVO technology
will be to encode and host a Charters Towers corporate video describing
its Brilliant Gold Reef Project and to make it available via a link on the
Project's website (www.goldreef.com.au). USVO also is licensing its
patents to Charters Towers as part of this agreement. The contract is for
three years with an option to renew; other terms of the contract are
proprietary.
The Charters Towers contract was initiated and negotiated by USVO's
Australian representatives, eBizExec of Sydney. "We are extremely excited
about bringing Charters Towers Gold Mines on board here as our first
streaming media client in Australia utilizing our StreamHQ™ platform and
infrastructure," said William Scully-Power, CEO of eBizExec. "This
technology is world class and we are moving quickly to deliver these
products and services to all our clients in the Asia-Pacific region."
"Charters Towers Gold is constantly searching for the latest technology
for use in our exploration and mining business. The Australian gold mining
industry is the most technically advanced in the world. Efficient
communication with our team, investors and the public is essential," said
Mark Lynch, Managing Director of Charters Towers. "The use of USVO's
StreamHQ™ technology will enable our new Brilliant Gold Reef Project to
reach people in a visual video format via the web."
"This is an excellent use of our technology and we are very pleased to be
working with Mr. Scully-Power in expanding our presence throughout
Australia and the Asia-Pacific," said Edwin Molina, President and CEO of
USVO. "This is the start of a long-term and mutually beneficial alliance
both with Charters Towers and eBizExec."
About Charters Towers Gold Mines Limited:
Charters Towers Gold Mines Ltd (ASX:CTO) was listed on the Australian
Stock Exchange on 23rd December, 1993. For far less than the cost of
similar projects elsewhere in Australia, the Company has built and
equipped the complete infrastructure for resumption of long-term
exploration and gold mining at Charters Towers in North Queensland. To
date, the Charters Towers Gold Project had invested in the order of A$45
million in establishing its operations. The Company has made a major
commitment to the use of modern exploration technologies - a landmark
activity in a major goldfield that has had, relatively speaking, little
exploration in the past 85 years. Since their first gold pour in 1997,
sales of gold from initial, largely test-mining have exceeded A$6.5
million. Gold in 1999 was produced for a favorable average cash cost of
A$306. This compares with a current gold selling price of around A$490 per
ounce. For more information visit www.ctgold.com.au
About eBizExec:
eBizExec is an International Technology Consultancy with its Asia-Pacific
offices headquartered in Sydney Australia. eBizExec's technology
consultancy practice is distinguished by the tight integration of four
critical areas of expertise: Corporate Technology Strategies, Technical
Operations, Information Technology & Telecommunications, and Technology
Change Implementation. eBizExec's consulting expertise complements our
exceptional technical expertise in the areas of Data & Systems
Integration, Web Production & Development, Streaming Media Technologies,
and eCRM software. For more information, visit www.ebizexec.com.
About USA Video Interactive:
USA Video Interactive (OTCBB: USVO; CDNX: US) is an international designer
and supplier of high-tech 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. V6C3N6. Trading Symbol on
the OTCBB: USVO; Trading 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: Kevin Yorio,
860-572-1560; info@usvo.com
eBizExec Corporate Headquarters Asia-Pacific: Level 11, 167 Macquarie
Street Sydney NSW, 2000 AUSTRALIA; (Tel) 612 9221 1712 (Fax) 612 9233
8807 (Email) info@ebizexec.com (Web) www.ebizexec.com
Charters Towers Gold Mines Limited: Level 3 , 349 Coronation Drive MILTON
QLD 4064 PO Box 1843 MILTON QLD 4064 AUSTRALIA (Tel): +61 7 3842 3108
(Fax): .+61 7 3842 3128 (eMail) info@ctgold.com.au (Web)
www.ctgold.com.au
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. To be removed from this list please send an e-mail
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