USA Video Interactive Demonstrates 'Hotel' Solution at Leading Industry
Trade Show
Complete turnkey package includes content and latest video-on-demand
system for hotels, corporations
TORONTO, Oct 18, 2000 (BUSINESS WIRE) -- USA Video Interactive
(OTCBB:USVO)(CDNX:US)(www.usvo.com) is demonstrating its turnkey "hospitality"
package to more than 600 financial and technology professionals in the
hospitality industry this week at the 47th annual Hospitality Financial &
Technology Professionals (www.hftp.org) show being held in Toronto October 18
through 21. The USA Video Interactive system includes its Hurricane
MediaCaster(TM) video server; set-top boxes and related peripheral equipment;
and a wide array of content, which includes broadcast television, first-run and
just-off-first run movies, and other entertainment.
USA Video Interactive Executive Director Daniel Sciro, who oversees sales for
the company, will represent USA Video Interactive at the show in partnership
with representatives of SwitchWorks, Inc., a Toronto-based engineering firm that
builds and services in-building, wide area and mobile business solutions using
the power of wireless communications to extend the reach of enterprise
computing. The companies have established a technology partnership to deploy
interactive TV systems for the hospitality industry in Canada.
The USA Video Interactive system can be installed in hotels and other
multi-dwelling units with a video server placed in a central location. Each room
or unit is provided with a set-top box, which delivers broadcast television,
movies and other entertainment such as sporting events on demand on a
pay-per-view basis; one or more stations with programming directly serving the
hotel or facility; and the capability of inserting local or other advertising.
The installation integrates USA Video Interactive's video technology with
SwitchWorks' data and Email delivery products, and works over existing
Intranets. It is particularly attractive because it involves low up-front costs
for the facility, but creates ongoing revenue-sharing opportunities for the
participants in the project, in this case USA Video Interactive, SwitchWorks,
the content owner/provider, and the hotel itself.
About SwitchWorks
SwitchWorks is a solutions-oriented engineering firm with a proven management
team, powerful strategic alliances and pivotal market positioning. The company
was incorporated in 1990 and is headquartered in Toronto, Canada. SwitchWorks
provides enterprise-wide applications built using an exclusive suite of
broadband services branded as "Wireless High Speed Internet" (WHIP). Its suite
of business applications provides Hospitality, Multi-Tenant Unit (MTU) and
Manufacturing groups with improved methods for office and client communications.
For more information, visit www.switchworks.com SwitchWorks; 23 Triller Avenue,
Suite 201; Toronto, Ontario, Canada M6K 3B7; 416-531-8750. Contact: Rick Crowe
About HFTP
Hospitality Financial & Technology Professionals (HFTP) is a professional
association of more than 4,300 financial and IT professionals working in hotels,
resorts, clubs, restaurants, casinos, and other hospitality-related businesses
around the world. The association provides continuing education and networking
opportunities to its members, more than 80 percent of whom have purchasing
authority in their organizations. The 2000 HFTP Annual Convention & Tradeshow is
a once-a-year opportunity for hospitality finance and technology professionals
to get practical information about all aspects of their profession--plus a
chance to network with peers and visit one-on-one with hospitality vendors. The
four-day conference will offer over 30 educational opportunities taught by
industry experts, and covering a wide spectrum of hospitality finance and
technology issues. For more information, visit www.hftp.com Hospitality
Financial & Technology Professionals; 11709 Boulder Lane, Ste 110; Austin, TX
78726 800-646-4387; 512-249-5333
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 patent for store-and-forward
video, #5,130,792, was filed in 1990 and issued by the United States Patent and
Trademark Office on July 14, 1992; it is considered a pioneer patent in the
field of video-on-demand and Internet video. It has been cited by at least 133
other patents. In 1999, USA Video Interactive was awarded similar patents in
England, France, Spain, Italy and Germany; the company has patents pending in
Canada and Japan. The USA Video Interactive patented video technology gives
users full-motion video; the flexibility of standard, VCR-like controls; 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. USA Video Interactive is nearing
completion of a patented Wavelet compression technology that will further
enhance the company's ability to deliver Internet video to home modem users and
reduce storage and download-time requirements for all users, including those
with broadband connections. For more information, visit 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 OTCBB: 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.
CONTACT: USA Video Interactive
Tony Castagno, Media Relations, 860-572-1560
or
Kevin Yorio, Investor Relations, 860-572-1560
info@usvo.com
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