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Gold/Mining/Energy : USA Video Interactive (US:ASE)

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To: Don craig who wrote (1116)	2/18/1998 5:33:00 PM
From: Ed Pakstas	Read Replies (2) of 1841

!!!!!NEWS RELEASE!!!! About friggin' time..... 2.5m unit private placementÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿ ÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿ USA Video Interactive Corpÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿ US Shares issued 40,907,088ÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿ Feb 17 close $0.19 Wed 18 Feb 98ÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿ News Release Mr Anton Drescher reports The company has arranged the private placement of up to 2,500,000 unitsÿ to various investors at $0.15. Each unit consists of one share and one warrant to purchase an additional share atÿ $0.17ÿ forÿ twoÿ years.ÿ Theÿ 2,500,000 sharesÿ toÿ beÿ issuedÿ as part of the units and the 2,500,000 shares to be issued upon conversion of the warrants areÿ subjectÿ toÿ aÿ 12ÿ monthÿ hold period from the date of payment. The proceeds will be used for the purchase of a 50%ÿ interestÿ inÿ Callisto Media Systems, as disclosed in Stockwatch dated November 4 1997 and January 9 1998, and for general working capital. (c) Copyright 1998 Canjex Publishing Ltd. canada-stockwatch.com

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