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FOR IMMEDIATE RELEASE: FINAL DRAFT
URBANA.CA ENTERPRISES, EAGLE WIRELESS, AND USA VIDEO INTERACTIVE JOIN FORCES TO PRODUCE THE WORLD'S FIRST SET-TOP-BOX FOR LINUX AND WAVELET VIDEO-ON-DEMAND™
ONTARIO, CANADA - December 23, 1999: Urbana.ca Inc.'s (OTC BB: URBA) wholly-owned subsidiary Urbana.ca Enterprises Corp., Eagle Wireless (OTC BB: EGLW), and USA Video Interactive (OTC BB:USVO; CDNX:US), three leaders in video and Internet innovation, today announced their intentions to produce a set-top box that incorporates both the Linux operating system and USA Video Interactive's Wavelet Video-on-Demand™ system. The new set-top box is set to launch in early 2000 and will open the world of quality video, video-on-demand, Internet access and television broadcast to a vast market of residences and multiple dwelling units, such as apartments and condominiums.
"We are extremely pleased to join forces with Urbana.ca Enterprises and USA Video Interactive, two firms offering superior quality and impressive reputations. Our alliance will produce a revolutionary set-top-box that will offer consumers greater conveniences and enhanced capabilities. We estimate the demand for these set-top-boxes will be phenomenal, representing a potential market in the hundreds of millions of dollars," stated Dr. H. Dean Cubley, president and chief executive officer of Eagle Wireless.
Urbana.ca Inc. President Jason Cassis commented, "We are excited to begin our project with Eagle Wireless and USA Video Interactive. USA Video Interactive's Wavelet compression technology is highly adaptable to several projects we have underway. Utilizing a Linux platform will provide the necessary flexibility and high reliability to create the optimal set-top-box that should appeal to thousands of consumers."
"Linux is one of the most important, fastest growing platforms in the world today, and it is having a huge impact on the future of the Internet," said Edwin Molina, President of USA Video Interactive. "By combining our technologies with those of Eagle and Urbana, we are creating a set-top box with unequalled capabilities just as the market opens up for a device that truly achieves convergence of the many communications technologies existing today and under development for the future."
About Eagle Wireless
Eagle Wireless International, Inc., is a leading supplier of telecommunications equipment to the paging, specialized mobile radio (SMR), one- and two-way wireless messaging, remote data acquisition, Set-Top Box, Internet access, and IWWC product markets. The Company is headquartered in Houston, Texas. For further news updates on Eagle, visit www.eglw.com, www.otcfn.com/eglw, and www.compasspointgroup.com.
About Urbana.ca, Inc.
Urbana.ca Inc. is an e-commerce, transaction and content company that creates Intranet and Internet-based systems in conjunction with local area governments and high profile corporations. Delivered through a set-top-box, local communities can be provided with community-based entertainment and information services widely used in all facets of everyday life. The Company's headquarters are located in Ontario, Canada.
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 restriction's; 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, contact Tony Castagno, Media Relations (860) 572-1560; Kevin Yorio, Investor Relations at 860-572-1560 and visit www.usvo.com.
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.
For more information contact:
Eagle Wireless International, Inc. Urbana.ca, Inc. USA Interactive
Clareen O'Quinn, IR Robert Tyson, Corp. Comm Tony Castagno, Media Relations
800-628-3910 888-356-2387 860-572-1560
281-538-6000 760-931-9211 Kevin Yorio, Investor Relations
coquinn@eglw.com tysonurbana@yahoo.com 860-572-1560
info@usvo.com
Eric Horton, Investor Relations Mario "Ike" Iacoviello, Investor Relations
Charterbridge Financial Group OTC Financial Network
619-525-0800 800-649-0983 or 760-931-9211
ehorton@charterbridge.net ike@otcfn.com
Forward-looking statements in this release are made pursuant to the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995. Investors are cautioned that such forward-looking statements involve risks and uncertainties, including, without limitation, possible changes in cost of materials, expense items, capital expenditures, capital structure, and other financial items; introduction of new products and possible acquisitions of assets or businesses; possible actions by customers, suppliers, competitors, regulatory authorities; and other risks detailed from time to time in the Company's periodic reports filed with the Securities and Exchange Commission.
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