MYSTIC, Connecticut, Jul 24, 2000 (BUSINESS WIRE) -- USA Video Interactive
(NQB: USVO; CDNX: US; www.usvo.com) on Friday afternoon submitted responses to
the fourth round of comments received July 18 from the U.S. Securities and
Exchange Commission regarding the Company's latest revision of its Form 10.
Friday's submittal was one week ahead of the filing deadline for these responses
and is available for review on "EDGAR." 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(TM) 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. It 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, 800-625-2200; 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.
CONTACT: USA Video Interactive
Tony Castagno, Media Relations
860-572-1560
or
Kevin Yorio, Investor Relations
800-625-2200
info@usvo.com |
