To All
Here is the news release I think you've been talking about.
Looks like good news to me!
USA Video Interactive Corp -
USA Video signs joint marketing agreement with Independent Digital
USA Video Interactive Corp
US
Shares issued 61,886,088
1999-08-04 close $1.35
Thursday Aug 5 1999
Mr. Edwin Molina reports
USA Video Interactive and Independent Digital Media have signed a joint marketing
agreement to integrate USA Video Interactive's Wavelet technology into IDM's
digital editing systems and market these systems to commercial broadcasters and
other customers who require state-of-the-art capabilities.
"Streaming video content on the Web is exploding with force," said Chris Hendrick,
vice-president of sales for IDM. With USA Video Interactive, we are creating the
first professional video editing system for the Web."
"We have been consistently impressed with the quality of the IDM system we're
using to digitize videos for our clients," said Edwin Molina, president of USA Video
Interactive. "Partnering on this agreement to jointly market our systems provides a
very real advantage to broadcasters and other companies planning to create a video
presence on the Internet."
IDM is a full-service designer and provider of high-quality, real-time, non-linear
digital editing equipment. Headquartered in New York, IDM provides services to
major broadcast facilities, including ABC/Disney and Fox News; postproduction
facilities, including Jim Henson Productions; and corporate clients, including Lucent
Technologies.
(c) Copyright 1999 Canjex Publishing Ltd. canada-stockwatch.com
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