MORE UUNET NEWS! >>> June 11, 1999 09:18
USA Video Interactive Signs Co-Location Agreement with UUNET
MYSTIC, Conn.--(BUSINESS WIRE)--June 11, 1999--USA Video Interactive (Nasdaq:USVO; ASE:US; www.usvo.com) has signed an agreement to co-locate its servers in the UUNET data center in Vienna, Va. UUNET (www.uu.net) is an MCI WorldCom Company (Nasdaq:WCOM).
With this agreement, users will be able to access streaming and other video via the Internet with USA Video Interactive's state-of-the-art technology, including its Wavelet compression and decompression technology. USA Video Interactive will use this video portal to provide users with the highest quality interactive TV; Internet "TV" commercials developed and produced for clients by the company's video partner, Motion, Inc.; movies; sporting events; and other digitized Video-on-Demand(TM) content.
When pilot programs involving three of the world's leading educational libraries are complete, digitized educational content can be placed on the USA Video Interactive servers and made available via the UUNET network on a licensed, password-protected basis to schools, colleges and educational institutions worldwide.
The three video libraries -- AGC/United Learning Educational Media, The Phoenix Learning Group, and Lucerne Media -- are providing their most popular content for installation on a USA Video Interactive server at LEARN in Connecticut, which supplies technology and innovation to six Regional Education Service Centers, 120 schools and more than 49,000 students.
This agreement follows an earlier agreement between UUNET and USA Video Interactive to collaborate in providing an overall package of Internet services as part of USA Video Interactive's "turnkey" system. As part of this agreement, USA Video Interactive participates in UUNET's Client Referral program for clients whose Video-on-Demand(TM) requirements include Internet access and transmission utilizing Direct Subscriber Line (DSL) technology and various other broadband services.
USA Video Interactive is an international designer and supplier of high-tech Video-on-Demand(TM) systems and services. The USA Video Interactive technology allows users to view streaming video or to access digitized video libraries, including movies, sports, other entertainment, educational resources, corporate training seminars and other archives. The USA Video Interactive technology gives users full-motion video; the unique flexibility of standard, VCR-like controls of play, fast forward, reverse and pause; and the convenience of a standard internet-browser format for access. USA Video Interactive can utilize MPEG-1, MPEG-2 or MPEG-4 compression techniques but prefers its Wavelet technology.
The USA Video Interactive Wavelet technology allows direct streaming and download & play options; provides video images significantly faster and at a higher degree of resolution than previously available methods; significantly overcomes bandwidth restrictions; and eliminates the blockiness and slowness of current technologies, all at a lower cost. It allows extremely high compression ratios while retaining broadcast quality, an essential feature of the USA Video Interactive technology.
USA Video Interactive Corp. US 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 1B2; 800/321-8564; 604/685-1017.
Trading symbol on the US NASD OTC BB: USVO; SEC 12g3-2(b) Exemption: No. 82-1601. Trading symbol on The Alberta Stock Exchange: US. Standard & Poors Listed. CUSIP 902924208 Video-On-Demand(TM) and Video Yellow Pages(TM) are trademarks of USA Video.
The Alberta Stock Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.
CONTACT: Tony Castagno, Media Relations 860/572-1560
or
Kevin Yorio, Investor Relations 860/572-1560
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