USVO News
(COMTEX) B: USA Video Interactive Posts New Website Showcasing Techno
B: USA Video Interactive Posts New Website Showcasing Technology
MYSTIC, CONN. (March 25) BUSINESS WIRE -March 25, 1999--USA Video
Interactive (NASD: USVO) (Alberta: US) has posted a thoroughly revised
website at www.usvo.com, featuring demonstrations of its new Wavelet
Compression Technology, descriptions of its patented
Video-on-Demand(TM) technology, descriptions of targeted markets, and
an overview of upcoming business plans. The USA Video Interactive
Wavelet Compression Technology is shown in slides that contrast it to
MPEG compression. A full-motion demonstration of the USA Video
Interactive technology is being developed for later inclusion on the
website.
USA Video Interactive offers its customers the choice of MPEG-1,
MPEG-2, MPEG-4 or its new Wavelet Compression Technology, but the
website pictures clearly demonstrate why the Wavelet Compression
Technology is recommended. The USA Video Interactive Wavelet
Compression Technology allows very high levels of compression (up to
1000:1) while retaining much higher resolution than methods used by
competitors such as Real Networks (Nasdaq: RNWK), Broadcast.com
(Nasdaq: BCST) and others. 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, USA Video Interactive 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 Centers, 120 schools and more than
49,000 students. There are some 550 similar Regional Education Service
Centers throughout the United States. The videos at LEARN and the other
Regional Education Service Centers are owned by several companies and
licensed to the Centers. USA Video Interactive is in active
negotiations with a number of these companies to digitize their
educational videos using the USA Video Interactive system. These
negotiations are ongoing; details will be announced shortly. The
company is moving from research and development to a marketing phase;
there currently are no revenues.
USA Video Interactive is an international designer and supplier of
high-tech Video-on-Demand(TM) systems and services for Internet,
Intranet, cable TV, wireless or satellite systems. The USA Video
Interactive technology allows users to view streaming video or to
access digitized video libraries, including movies, sports, other
entertainment, educational resources, corporate training seminars and
other archives. The USA Video Interactive technology gives users
full-screen video; the unique flexibility of standard, VCR-like
controls of play, fast forward, reverse and pause; and the convenience
of a standard internet-browser format for access. USA Video Interactive
was established in 1989 and has offices in Mystic, Connecticut and
Vancouver, British Columbia, Canada. ---------- USA Video Interactive
Corp. US Office: 70 Essex Street; Mystic, CT 06355; 800/625-2200;
860/572-1560. Canada Office: 837 West Hastings Street; Suite No. 507;
Vancouver, B.C. V6C 1B2; 800/321-8564; 604/685-1017. Trading symbol on
the US NASD OTC BB: USVO; SEC 12g3-2(b) Exemption: No. 82-1601. Trading
symbol on The Alberta Stock Exchange: US. Standard & Poors Listed.
CUSIP 902924208 Video-On-Demand(TM) and Video Yellow Pages(TM) are
trademarks of USA Video.
-0- LM/na*
CONTACT: USA Video Interactive
Media Relations
Tony Castagno, 860/572-1560 or 800/625-2200
or
Investor Relations
Kevin Yorio, 860/572-1560 or 800/625-2200
KEYWORD: CONNECTICUT
INDUSTRY KEYWORD: COMPUTERS/ELECTRONICS COMED
INTERACTIVE/MULTIMEDIA/INTERNET Today's News On The Net - Business
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