NEWS- February 2nd, 2000
YAHOO! Internet Life Online Film Festival Selects USA
Video Interactive as Exclusive Webcast Provider for
pre-Oscars Event
HOLLYWOOD, California - February 2, 2000 - Yahoo!
Internet Life has selected USA Video Interactive (OTC BB:
USVO; CDNX: US; www.usvo.com) as its official and exclusive
webcast provider for its Yahoo! Internet Life Online Film
Festival scheduled to kick off Academy Awards week on
March 22 and 23. The event will be held in Hollywood and will
feature key members of the online and offline communities
including Roger Ebert, Amazon.com (Nasdaq: AMZN;
www.amazon.com), iFilm (www.ifilm.com), AtomFilms
(www.atomfilms.com) and others.
"We selected USA Video Interactive because of their position
as a leader in video-on-demand services," said Jesse Jacobs,
Yahoo! Internet Life Online Film Festival Director. "The intent of
the festival is to showcase the most innovative ways that
filmmakers, online film sites, studios and digital technology
companies are using the Web to present the moving image."
USA Video Interactive will webcast the closing-night event,
which will be held at the Sunset Room in Hollywood. The event
will feature a multi-camera, multi-media film and music
extravaganza. The event will be cybercast live on Yahoo!
Broadcast (Nasdaq: YHOO; www.yahoo.com). Details and
additional specific information will be forthcoming.
We are very pleased to have a role in this high-profile event for
emerging media entertainment," said Edwin Molina, President
of USA Video Interactive. "It is another excellent demonstration
of where the Internet is bringing us with the convergence of film
and digital technology."
Yahoo! Internet Life's emphasis on integrating the new media
into the old is emblematic of the magazine's own history. The
first print magazine to cover the Internet for a consumer
audience, Yahoo! Internet Life has now become one of the
fastest-growing consumer magazines in the country. The
magazine has been covering online film since its inception and
will take the medium to the next level with the Online Film
Festival. Participants to date include Amazon.com, AtomFilms,
AXE Digital Television, BeachBlanket.com, BigStar,
CinemaNow, Creative Planet, eveo, iFilm, IMDb.com,
Mandalay, New Line Cinema, Reel.com, ReelShort,
SightSound, and others. The festival is generously sponsored
by BeautyJungle.com, OnStream, Yack.com, BigStar (Nasdaq:
BGST), Yahoo! Movies, The New York Times, The Hollywood
Reporter, and Filmmaker.
About Yahoo! Internet Life
Yahoo! Internet Life Magazine is a monthly publication with a
rate base of 900,000. It is published by Ziff-Davis Inc., a leading
media and marketing company focused on computing and
Internet-related technologies, with principal platforms in print
publishing, trade shows and conferences, online content,
television and education. Ziff-Davis provides global technology
companies with marketing strategies for reaching key
decision-makers. Ziff-Davis has two series of common stock,
one which is intended to track the performance of its Internet
business, ZDNet (NYSE: ZDZ), and one which is intended to
track the performance of the ZD Group (NYSE: ZD), which
includes print publishing, trade shows and conferences, online
learning, education and television businesses, and a retained
interest in ZDNet. Ziff-Davis Inc. recently announced an
agreement to sell Ziff-Davis Publishing to Willis Stein &
Partners. It also announced agreements to sell ZD Education
and its interest in ZDTV. These transactions are expected to be
completed in the first quarter of 2000.
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.
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. Tony Castagno,
Media Relations, 860-572-1560; Kevin Yorio, Investor Relations,
860-572-1560; info@usvo.com.
For more information contact:
Yahoo! Internet Life Online Film Festival: 212.503.4708
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. |
