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USA Video Interactive Responds
To Second Round of Comments From SEC
MYSTIC, Connecticut, May 19, 2000 -- USA Video Interactive (NQB: USVO; CDNX: US; www.usvo.com) today submitted responses to the second round of comments received May 12 from the U.S. Securities and Exchange Commission regarding the Company's latest revision of its Form 10. Today's submittal is one week ahead of the filing deadline for these responses. The SEC will review the Company's responses and may have additional comments.
While this SEC review process continues, USA Video Interactive shares trade in the United States on the National Bureau of Quotations under the symbol USVO. Trading on the NBQ requires the services of a brokerage. The Company's shares continue trading in Canada on the Canadian Venture Exchange under the symbol US. Once the SEC review is complete and USA Video Interactive's Form 10 filing has been accepted, the company will apply for reinstatement on the OTC BB exchange in the United States.
About USA Video Interactive
USA Video Interactive is an international designer and supplier of high-tech Internet streaming video and Video-on-Demand? systems, services and innovative end-to-end 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 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 and at or near broadcast quality.
For more information on USA Video Interactive, visit www.usvo.com. USA Video Interactive 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 NBQ: USVO; 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: Tony Castagno, Media Relations, 860-572-1560; Kevin Yorio, Investor Relations, 860-572-1560; info@usvo.com This press release may contain forward-looking statements. Actual results may differ materially from those projected in any forward-looking statement. Investors are cautioned that such forward-looking statements involve risk and uncertainties, which may cause actual results to differ from those described. |
