Thursday February 3, 9:30 am Eastern Time
Company Press Release
SOURCE: USA Video Interactive
Yahoo! Internet Life Online Film Festival Selects USA
Video Interactive as Exclusive Webcast Provider for
Pre-Oscars Event
HOLLYWOOD, Feb. 3 /PRNewswire/ -- Yahoo! Internet Life has selected USA Video Interactive (OTC Bulletin Board:
USVO; Alberta: US) (http://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 - news;
amazon.com), iFilm (http://www.ifilm.com), AtomFilms (http://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 - news; 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 - news), 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 - news), and one which is intended to track
the performance of the ZD Group (NYSE: ZD - news), 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 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 Bulletin Board:
USVO; SEC 12g3-2(b) Exemption: #82-1601. Trading symbol on The Canadian Venture Exchange: US. Standard & Poor's
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.
SOURCE: USA Video Interactive
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