USA Video Interactive Listed on the Frankfurt Exchange
Mystic, Connecticut, October 10, 2001 -- USA Video Interactive (OTCBB:
USVO; CDNX: US; BSE: USF www.usvo.com) has been approved for listing on
the Frankfurt Stock Exchange and began trading on October 3 under the
symbol USF. Berliner Freiverkehr (Aktien) AG, is acting as a market maker
for the Company's stock. The Frankfurt listing is in addition to the
Berlin unofficial regulated market announced in July. The Frankfurt
listing further allows European investors to buy shares in local currency
and helps establish a more significant presence in Europe for USVO. Makro
GMBH prepared the documentation necessary for USVO's listing on the
Frankfurt Stock Exchange, Quotes can be accessed at www.comdirect.de.
"We are pleased to be listed on the Frankfurt Stock Exchange and look
forward to the increased exposure the listing will provide," said Edwin
Molina, President and CEO of USVO. "The Frankfurt listing, combined with
upcoming conferences in Germany later this year, at which USVO
representatives will speak, should increase awareness of USVO in Europe
and posture the company for significant growth. With the StreamHQ™ launch
now complete, this listing comes at an opportune time."
About USA Video Interactive
USVO is a developer and supplier of Internet media delivery services,
systems, and innovative end-to-end solutions. The company has developed
its StreamHQ™ architecture to provide a wide range of business customers
with value-added media delivery services. StreamHQ™ facilitates the
transmission of digitized and compressed video to the user's desktop via
multiple modes that take advantage of available connectivity. While
competitors take a "one-size-fits-all" streaming approach, StreamHQ™
brings unique value propositions to individual vertical markets with
functionality designed specifically for those markets. Beyond high
quality media delivery, USVO gives its customers media asset management
tools and information that provide accountability and return on investment
(ROI) for their streaming expenditures. USVO has created Zmail, which
uses StreamHQ™ to deliver rich media emails for advertising, marketing,
corporate communications, and customer service applications. 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 Germany, Canada, England, France, Spain, and Italy, and has a
similar patent pending in Japan. 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;
Trading Symbol on the Berlin Stock Exchange: USF. 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: Kevin Yorio, 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. To be removed from this list please send an e-mail
to kyorio@usvo.com with subject reading remove. |
