HKNet and USA Video Interactive Sign Agreement to Partner in Bringing
Internet Video to Hong Kong and Asia Pacific Part of International Expansion
of USA Video Interactive
(Hong Kong, September 25, 2000) HKNet, an Internet-service joint venture
between NTT Communications Corporation (NYSE: NTT) of Japan and CCT Telecom
Holdings Ltd. (SEHK: 0138) of Hong Kong, and USA Video Interactive (OTCBB:
USVO; CDNX: US; www.usvo.com), a leading international designer and supplier
of high-tech Internet streaming video systems and services, have signed an
agreement to work together in bringing streaming video and video-on-demand to
HKNet's customers in Hong Kong and elsewhere in the Asia Pacific region.
HKNet is one of the largest Internet Service Providers in Hong Kong with some
400,000 Internet subscribers. It recently unveiled its high-speed broadband
service, premium Digital Business Data Centre, and now plans to incorporate
the USA Video Interactive patented streaming video and video-on-demand
technologies into that service. USA Video Interactive will become a
technology partner of HKNet and the two companies will collaborate on
marketing and other services in areas where HKNet and its parent companies
have a presence. The companies will jointly develop and market new
applications of their technologies, particularly in the area of wireless
delivery of Internet video.
"We are very pleased to have begun a relationship with USA Video Interactive,
especially as we continue our rapid expansion throughout the region," said
Nemo Tse, Chief Operations Officer of HKNet. "Incorporating the USA Video
Interactive technology into Internet video will present a great benefit to
our customers and our business partners. I am sure this is the start of a
long and mutually beneficial relationship between our companies."
"Partnering with HKNet brings us great opportunities in Hong Kong and beyond,
and we are particularly happy to be working with a company with a very clear
vision and strategy for expanding in the Asia Pacific region," said Edwin
Molina, President of USA Video Interactive. "Our relationship with HKNet has
developed over many months and now is bearing fruit for both companies as we
formally begin working together on a number of exciting projects."
About HKNet
Established in 1994, HKNet Co. Ltd. is one of the first licensed Internet
Service Providers (ISP) in Hong Kong. With the determination to provide the
most reliable and effective e-Telecom service in Hong Kong, HKNet focuses on
broadband Service, Data Centre, Web Solutions / System Integration, Telecom
Services, and Domain-Name-Registration.
In April 2000, HKNet was named "The Best Site of the Year" and "The Best
Portal" at the Hong Kong Web Awards 2000 organized by Webmaster (Hong Kong)
Association and Commercial Radio. HKNet is a joint venture company between
the Hong Kong listed CCT Telecom Group (SEHK:138) and NTT Communications
Corporation of Japan.
For more information, please visit HKNet's website at hknet.com or
http://hknet.¤½¥q or email info@hknet.com. HKNet Co Ltd Media contact: Ms
Pamela Sum; Tel: +2110 3677; Fax: +2110 0078; Email:pamsum@hknet.com |
