This is taken from "The Raging Bull" message board. Anyone know of this release? Was just wondering, I have not had time to look through other news sources.
MYSTIC, CT, January 28, 2000 ? USA Video Interactive (OTC BB:
USVO; CDNX: US; www.usvo.com and Connaissance Media Inc.
announced today that they have established a partnership to bring
Internet and video technology to the one billion K-12 students in the
United States, Latin America, Africa and Asia where there are not enough
trained teachers and where there is not access to the Internet via
traditional means.
CMI's patented technology for delivering content in standard website
form via infrastructures ranging from broadcast to traditional Internet,
combined with USA Video Interactive?s patented video and Wavelet
compression technologies, provide a unique and complete end-to-end
solution for business and education.
CMI?s patented "Broadcast+" technology creates "virtual interactivity,"
which, when delivered from satellites through set-top boxes and TVs,
gives the appearance of browsing the web without the need for a
hard-wired or wireless return channel. CMI?s technologies can be applied
where bi-directional wired and wireless data communications network
infrastructures are not available and make it possible to provide
education and training to people in developing areas, thus creating equity
of access for the first time ever. The CMI "Broadcast+" technology
reduces the complexity and cost while increasing the availability of
educational Web content to the schools. In addition, the companies will
explore ways to deploy this solution over digital broadcast satellite in the
early stages of deployment.
"This combination of USA Video Interactive?s Wavelet video streaming
with CMI's set-top box delivery orientation is ideal for curriculum content
delivery for K-12 in web-site ready form, where equity access is an
issue," said Daniel Abensour, Ph.D., Chief Executive Officer of CMI.
"Geographically remote and underprivileged communities will finally have
access to web-ready educational content. I am particularly pleased to be
part of a solution that offers the first real hope for access to developing
nations as well."
As part of the relationship, both companies will work together to explore
the delivery of future application services first in the United States and
Puerto Rico and eventually to other developing nations. "We are pleased
to offer these combined technologies in our own country and we are
convinced that this represents the best way to address the ?digital divide?
in our own under-served communities," said Edwin Molina, President of
USA Video Interactive.
"The strategic relationship between USVO and CMI creates a new world
of possibilities for educating the world's poorest and most remote
populations. It is exactly the right kind of technology direction that is
needed at this time in history," said Mr. Molina. "This is not only a new
content delivery strategy that will create new market opportunities for
communications, hardware, software and content publishing, but most
important, it will create new opportunities for people to access
knowledge and information."
USA Video Interactive provides enhanced content and video capabilities
in the education and training arenas, and, by partnering with CMI, opens a
new market which CMI estimates at $20 billion for hardware (set-top
boxes, televisions, servers and related equipment) as well as additional
revenue streams for curriculum development, licensing, software
development, and other related items.
According to CMI?s research, there are more than one billion K-12
students in developing countries around the world, and education for
these students is a high priority in these countries. Typically the
population in these countries is very young and there are not enough
skilled instructors to train their students and not enough money to train
additional instructors. Of the new automated instruction systems, the
ones based on Internet access and delivery are considered the most
promising, but typically they cannot be utilized because the required
telecommunications and data communication networks are missing. The
combination of CMI's data access technology with USA Video
Interactive's high quality video streaming encoding format presents a
unique and complete solution for access to web-ready content, including
text and media-rich interactive material, which is ideal for education
applications; with this partnership, it can now be made available without
the limitations imposed by the wired Internet infrastructure and the high
cost of delivery platforms.
About CMI
Connaissance Media Inc. is a private company headquartered in Coral
Springs, Florida. CMI provides global Internet Web-Site Access when
the traditional wired infrastructure is not available. CMI technologies give
the appearance to a user of browsing the web without the need for a
terrestrial or wireless return channel. CMI has selected the delivery of
interactive course curriculum as its principal application.
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 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. 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.
Tony Castagno, Media Relations; 860-572-1560; Kevin Yorio, Investor
Relations; 860-572-1560; info@usvo.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. |
