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Tuesday December 7, 2:51 pm Eastern Time
Company Press Release
SOURCE: USA Video Interactive Corp.
USA Video Interactive Signs Alliance Partner Agreement with Exodus
MYSTIC, Conn., Dec. 7 /PRNewswire/ -- USA Video Interactive Corp. (OTC Bulletin Board: USVO; Alberta: US) (http://www.usvo.com) today announced it has signed an Alliance Partner Agreement with Exodus Communications(TM), Inc. (Nasdaq: EXDS - news; exodus.com).
According to Media Metrix, over 40 percent of the top Web sites on the Internet today are hosted at Exodus(TM), a leader in complex Internet hosting and managed services. The Company has more than 1700 customers from a variety of industries, ranging from dot.com companies to media companies to Fortune 500 companies. Exodus has customers in a wide range of industries, including finance, entertainment, high-tech, education, healthcare and publishing.
As an Exodus Alliance partner, USA Video Interactive will offer its customers Exodus' Web hosting and managed services. The agreement will also provide USA Video Interactive with access to Exodus's marketing organization and expertise.
About Exodus Communications
Exodus Communications is a leading provider of Internet system, network management solutions and technology professional services for enterprises with mission-critical Internet operations. Exodus manages Web sites and its network infrastructure from 16 Internet Data Centers (IDCs), located in the United States and Europe. Exodus currently has IDCs located in the Austin, Boston, Chicago, London, Los Angeles (2), New York (2), Seattle (2), Silicon Valley (4) and Washington, D.C. (2) metropolitan areas. Exodus has announced the planned addition of three additional IDCs and three international server hosting sites by the end of 1999, bringing the total number of Exodus sites to 22 worldwide. More information on Exodus can be found at exodus.net.
About USA Video Interactive: USA Video Interactive is an international designer and supplier of high-tech Video-on-Demand_ systems, services and solutions. 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 compression technology. The USA Video Interactive Wavelet technology allows direct streaming and download and play options; 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, all at a lower cost. An essential feature of the USA Video Interactive technology is that it allows extremely high compression ratios while retaining near-broadcast quality. More information on USA Video Interactive can be found at usvo.com.
USA Video Interactive Corp.
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 US NASD OTC BB: USVO; SEC 12g3-2(b) Exemption: #82-1601. Trading symbol on The Canadian Venture Exchange: US. Standard & Poors Listed. CUSIP 902924208; USA Video, USA Video Interactive, Video-On-Demand and Video Yellow Pages are trademarks of USA Video Interactive. The Canadian Venture Exchange (CDNX) has not reviewed and does not accept responsibility for the adequacy or accuracy of this release. Contact - Media Relations: Tony Castagno, 860-572-1560; Investor Relations: Kevin Yorio, 860-572-1560.
Exodus Communications
Exodus Communications and Exodus are trademarks for Exodus Communications, Inc., and may be registered in certain jurisdictions. All other trademarks mentioned in this document are the property of their respective owners. Media Contact: Melissa Neumann 408-346-2306.
SOURCE: USA Video Interactive Corp.
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