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Microcap & Penny Stocks : USVO - USA Video Interactive

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To: harddog who started this subject11/15/2000 2:29:45 PM
From: Halbert  Read Replies (1) of 648
 
USA Video Interactive Expands Technical Team Focusing on Global Media Streaming Solutions

MYSTIC, Connecticut, November 15, 2000 - USA Video Interactive Corp. (OTC BB: USVO; CDNX: US; www.usvo.com) has hired two senior engineers to join the company's design and development of its global media streaming solutions.

Daniel Freitas has joined USA Video Interactive as Senior Project Manager, responsible for development and deployment of the company's global media streaming solutions. In this position, he will interrelate with the company's product and service partners and supervise the installation, integration, and startup efforts associated with these systems. Mr. Freitas comes to the company from Raytheon Systems Company, where he was a Senior Systems Engineer responsible for project and integration leadership for multiple undersea acoustic systems. Prior to his time at Raytheon, Mr. Freitas worked for the Naval Underwater Systems Center as an Electronics Engineer, Team Leader, and Science Advisor. He holds M.S. and B.S. degrees in Electrical Engineering with concentrations in underwater acoustics and signal processing.

Matthew Stahl has joined USA Video Interactive as a Senior Software Engineer, responsible for database and middleware components of the company's global media streaming deployments. Mr. Stahl comes to the company following eight years at Sonalysts, Inc., where he was a lead developer of web-based e-business solutions. He brings twelve years of broad software engineering and programming expertise to the company, including requirements analysis, design, development, installation, and support. In addition to database management projects, Mr. Stahl will be involved in the design and development of video delivery applications in C/C++, HTML, Java, and other languages. He has experience as a Naval officer and graduated from Penn State University with as B.S. degree in Mathematics and Computer Science.

"Dan and Matt bring essential strengths to our top-flight team of technology specialists," said Edwin Molina, President and CEO of USA Video Interactive. "Their experience, education and technical insights speak for themselves and are most impressive. They are now on board helping to meet the technical requirements of our current customers while actively engaged with CTO Kent Norton in building out solutions for the next generation of Internet streaming, which are an integral and critical part of our strategic business planning."

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. The international law firm of Sullivan & Worcester and leading patent litigator Paul Gupta are representing this patent. 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
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