Mr. Edwin Molina reviews the company SIX MONTHS ENDED JUNE 30, 1998 USA Video Interactive is in the midst of some business developments. The company foresaw the enormous potential of Video-On-Demand technologies several years ago, and has now taken steps to position itself to capitalize on important niche markets in the industry. The company has entered into an agreement with LEARN, a regional educational service centre serving 24 school districts in Connecticut, to install its system at LEARN headquarters. In Canada, USA Video has deployed a pilot project to distribute Video-On-Demand over broadband connections to six regional schools. In addition, one of its partners has completed a Video-On-Demand project for the House of Commons, featuring a digitized archive-retrieval system. USA Video's capabilities are further strengthened by its alliance with Callisto Media Systems. Callisto provides video and broadband networking expertise, media servers, MPEG encoders, operational software and system integration support. USA Video's alliance with Callisto has enabled it to develop a Video-On-Demand system for video distribution from an Internet Protocol based service to customers with broadband services. In addition, USA Video and Rogers Network Services have signed a memorandum of understanding. The primary objective of this understanding is to deploy the company's Video-On-Demand technology, using Rogers' network, to market segments that include government, carrier, financial and other Standard & Poor's 500 commercial organizations.
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