USA Video Interactive Responds
To Fifth Round of Comments
From SEC on Revision to Form 10
MYSTIC, Connecticut, August 4, 2000 -- USA Video Interactive (NQB: USVO;
CDNX: US; www.usvo.com) today submitted responses to the fifth round of
comments received July 31 from the U.S. Securities and Exchange Commission
regarding the Company's latest revision of its Form 10. Today's submittal 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™ 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, 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.
To be removed from this list please send an email to kyorio@usvo.com. |
