biz.yahoo.com
Thursday January 20, 2:28 pm Eastern Time
Company Press Release
USA Video Interactive Signs Contract as Technology
Partner With Inetcable.com for TV Network
Broadcasts Via the Internet
MYSTIC, Conn.--(BUSINESS WIRE)--Jan. 20, 2000--USA Video Interactive (OTC BB:USVO; CDNX: US;
www.usvo.com) today announced it has signed a six-figure contract with Inetcable.com to serve as a technology partner in
broadcasting network television signals over the Internet. The system, with networks from Mexico, the United States and
Canada participating, will be unveiled in a major demonstration to the North American Broadcasters Association (NABA) at
its Annual General Meeting convention February 24 and 25 at DisneyWorld in Orlando, Florida. Internet pay-per-view (PPV)
technologies developed by Inetcable.com will also be featured. Stuart Duncan, of Inetcable.com and Chairman of the NABA's
Internet Committee, will conduct the demonstration.
During the demonstration, live TV broadcast signals will be routed to USA Video Interactive's ``live' encoding engines. TV
signals will be compressed using USA Video Interactive's Wavelet compression technique coupled with Inetcable.com's
broadband viewer and caching software and then routed through USA Video Interactive video servers to be broadcast via
Inetcable.com's satellite distribution system. The signals feature the world's first international broadband netcasts of Spanish and
English language programming at 30 frames per second.
``The significance of this demonstration to leaders of the broadcast industry is enormous,' Duncan said. ``It is the next logical
step in the convergence of TV and Internet, creating the medium of the future for information and entertainment. As the merger
of AOL (NYSE:AOL - news) and TimeWarner (NYSE:TWX - news) implies, there is very high consumer demand for
broadcast and video on the Internet. With more than 300 million Internet users worldwide, there is potential for an exponential
increase in the number of people viewing programming as well as a huge leap in broadcast advertising revenue.'
``We conducted rigorous reviews of technology over the past two years,' said Duncan. ``USA Video Interactive quickly
emerged as the best provider of the highest quality product in their segment. This is the just the beginning of many more
deployments by Inetcable.com and USA Video Interactive in an ambitious project made possible by the joining of our technical
teams and capabilities. Inetcable.com aims to be at the center of a worldwide movement to aggregate programming from
around the world into one easy to find and access spot. Internet users do not want to hunt and peck all over the Internet for
programming. 'Simplicity' is the key to broadcasting on the Internet. Broadcasters stand to gain not only from presenting
advertising in its current format to the larger Internet audience, but also from additional advertising allowed by the Internet
format.'
Edwin Molina, President of USA Video Interactive, said the demonstration is a perfect fit for his company's industry-leading
Internet video and Wavelet compression technologies. ``We believe our ability to encode, compress and stream video and
broadcast signals to the Internet will enable the broadcast industry to achieve the long-sought-after breakthrough to vast new
Internet audiences,' Molina said. ``The ongoing benefits of this achievement to USA Video Interactive, Inetcable.com, the
broadcast industry and audiences worldwide cannot be overstated.'
About Inetcable.com
Inetcable.com is the world's first Internet cable television provider. It operates in 32 major U.S. markets as well as Canada.
Inetcable.com, in conjunction with the North American Broadcaster's Association (NABA), is developing the first international
high speed broadband delivery network portal for broadcasters around the world. Inetcable.com provides free web delivery
and hosting services to broadcasters worldwide. In addition, there is no charge to use Inetcable's international high speed web
delivery service comprised of satellite and terrestrial fiber networks or to use Inetcable.com's encoding service. To learn more
about Inetcable's services, visit www.Inetcable.com.
About USA Video Interactive
USA Video Interactive is an international designer and supplier of high-tech Video-on-Demand(TM) systems, services and
solutions. 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. Its
Wavelet technology 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. For more information on USA Video Interactive, 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.
InetCable Inc. is located at Metropolitan Park West, 1100 Olive Way, Suite 1600, Seattle, Washington, 98121 and 2211
Thurston Drive, Ottawa, Ontario, K1G 6C9, Canada.
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. |
