USA Video posts new website showcasing technology
USA Video Interactive Corp US
Shares issued 54,384,088 Mar 24 close $0.62
Thu 25 Mar 99 News Release
Mr. Tony Castagno reports
The company has posted a revised website at www.usvo.com, featuring
demonstrations of its new wavelet compression technology, descriptions of
its patented Video-on-Demand technology, descriptions of targeted markets,
and an overview of upcoming business plans. The company's wavelet
compression technology is shown in slides that contrast it to MPEG
compression. A full motion demonstration of the technology is being
developed for later inclusion on the website.
The company offers its customers the choice of MPEG-1, MPEG-2, MPEG-4 or
its new wavelet compression technology, but the website pictures
demonstrate why the wavelet compression technology is recommended. The
technology allows very high levels of compression (up to 1000 to 1) while
retaining much higher resolution than methods used by competitors. This
allows far more material to be stored on a server or CD-ROM at a
significantly lower cost.
At the request of the Alberta Stock Exchange, the company is restating that
it has begun a pilot program of digitizing the most popular videos in a
library of 14,000 educational videos housed at LEARN, which provides
technology and other services in Connecticut to six regional education
service centres, 120 schools and more than 49,000 students. There are some
550 similar regional education centres throughout the United States. The
videos at LEARN and the other regional education service centres are owned
by several companies and licenced to the centres. The company is in active
negotiations with a number of these companies to digitize their educational
videos. These negotiations are continuing, details will be announced
shortly. The company is moving from research and development to a marketing
phase, and currently there are no revenues.
(c) Copyright 1999 Canjex Publishing Ltd. canada-stockwatch.com
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