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Microcap & Penny Stocks : USVO - USA Video Interactive

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To: harddog who started this subject6/10/2001 3:49:27 PM
From: Halbert   of 648
 
eBizExec to join USA Video Interactive at the World's Largest Internet Audio and Video Event later this month in California.

eBizExec today announced that it will join its streaming media technology partners, USA Video Interactive Corp (OTCBB: USVO; CDNX: US; www.usvo.com), at Streaming Media West (www.streamingmedia.com), the world's largest Internet audio and video event on the 20th-22nd of this month. Held at the Long Beach Convention Center in Los Angeles California, Streaming Media West 2001 is the #1 meeting place for Fortune 1000 communications, distance training, investor relations and e-commerce applications.

eBizExec joins USVO in the United States as USVO prepares to launch StreamHQTM and the first product based on StreamHQTM technology, zMailTM. StreamHQTM encompasses the entire media experience from source to viewing, including content production; content encoding; asset management; media and application hosting; multi-mode content distribution; and transaction data capture, reporting and analysis. StreamHQTM's design leverages the capabilities of the Internet while bypassing its latencies, with high availability, reliability, flexibility, scalability and cost-effectiveness.

eBizExec has been working closely with USVO representing its flagship "zMailTM" video streaming email and its other streaming rich media technologies to clients in the Asia-Pacific region.

"We have been receiving an enormous amount of interest in USVO's streaming video technology capabilities here in Australia. We are at the onset of delivering these technologies to some of Australia's leading entertainment, education, and financial institutions," said William Scully-Power, CEO of eBizExec.

"We're looking forward to having our Australian partners join us at Streaming Media West," said Edwin Molina, President and CEO of USVO. This is a great venue for such an important product launch."

Following Streaming Media West, eBizExec will join USVO for its Shareholders meeting to be held on June 28th in Providence Rhode Island, U.S.A.

ABOUT eBizExec:

eBizExec is a Technology based International Business Consultancy headquartered in Sydney Australia. Drawing on our expertise in each area, we work closely with our customers to: Formulate business strategies based on the customer's core competencies, market demands and competition, Identify key strategic opportunities and critical leverage points offering the greatest potential for gain, Re-engineer critical management and operating processes to achieve dramatic performance improvements, Accelerate product development and reposition product offerings, and develop innovative ways of working with suppliers and customers to gain significant added value. eBizExec's consulting expertise complements our exceptional technical expertise in the areas of systems integration, rapid systems development and outsourcing. For more information, visit www.ebizexec.com.

At eBizExec, we're redefining the way organisations work and positioning businesses for the 21st century.

eBizExec Corporate Headquarters Office: Level 11, 167 Macquarie Street Sydney NSW, 2000 AUSTRALIA;

(Tel) 612 9221 1712 (Fax) 612 9233 8807 (Email) info@ebizexec.com (Web) www.ebizexec.com

ABOUT USA VIDEO INTERACTIVE CORP:

USA Video Interactive (OTCBB: USVO; CDNX:US) is an international designer and supplier of high-tech streaming video and video-on-demand systems, services and innovative end-to-end solutions. Its StreamHQTM media delivery services are focused on creating revenues for customers and reducing their Internet costs. StreamHQTM encompasses the entire media experience from source to viewing, including content production; content encoding; asset management; media and application hosting; multi-mode content distribution; and transaction data capture, reporting and analysis.

StreamHQTM's design leverages the capabilities of the Internet while bypassing its latencies, with high availability, reliability, flexibility, scalability and cost-effectiveness. USVO 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 145 other patents. USVO holds similar patents in England, France, Spain, Italy and Germany, and has patents pending in Canada and Japan. The USVO 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. USVO is developing patented Wavelet compression technology that will further enhance the company's ability to deliver unique capabilities as part of StreamHQTM. 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. V6C3N6. Trading Symbol on the OTCBB: USVO; Trading 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

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
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