USA Video Interactive at Kagan Streaming Broadband Summit on Panel Discussing Wireless Media Streaming Future
New York City, February 28, 2001 -- USA Video Interactive (OTCBB: USVO; CDNX: US; www.usvo.com) will participate in a panel discussion on the future of wireless media streaming, bringing audio and video to consumers via handheld PDAs and other wireless devices.
Streaming media opportunities are expanding rapidly, and this will only accelerate as computing migrates off of the desktop to the mobile environment," said Matthew Kinnaman, USA Video Interactive Vice President of Strategic Innovation. "The most successful rich media companies are formulating services for the mobile environment today, while preparing to move from basic capabilities to bandwidth-intensive applications as connectivity allows."
The panel is part of the executive Kagan Streaming Broadband Summit: The Race Toward Sustainable Revenue Models being held in New York City March 1 by Paul Kagan Associates (www.kagan.com), the international high-tech media research firm. The conference is chaired by Kagan Senior Vice President Larry Gerbrandt, and keynote speakers include Rob Glaser, Chairman and CEO of RealNetworks; Scott Kurnit, Chairman & CEO of About, Inc.; and Hilary B. Rosen, President and CEO of Recording Industry Association of America. According to Kagan, the conference "will examine intensively the economics of streaming audio and video and explore the economic models that are working - as well as the ones that simply need more scale - and look at the case studies of the models that went awry during the 2000 crash." Panelists include executives from DoubleClick, iBeam, MediaStation, Broadstream, Akamai, CBS Marketwatch, and other leading Internet media companies.
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 and features its StreamHQ™ suite of media delivery services. These services encompass the entire media experience from source to viewing, including content production, content encoding under the banner EncodeHQ™, asset management, media and application hosting, multi-mode content distribution, transaction data capture and reporting, and e-commerce. StreamHQ™ services leverage the capabilities of the Internet while bypassing its latencies and are designed to be highly available, reliable, flexible, scalable and cost-effective. USA Video Interactive holds the pioneering patent for store-and-forward video, filed in 1990 and issued by the United States Patent and Trademark Office on July 14, 1992. It has been cited by at least 144 other patents. USA Video Interactive holds similar patents in England, France, Spain, Italy and Germany, and 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 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 OTCBB: USVO; Trading symbol on The Canadian Venture Exchange: US. Standard & Poors Listed. CUSIP 902924208. 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 |
