News Out***
MYSTIC, CONNECTICUT, December 16, 1999 - USA Video Interactive Corp. (NASD: USVO; CDNX: US; www.usvo.com ) and The LearningStation.com ( www.learningstation.com ) have concluded an agreement to jointly market and promote their products and services, including The LearningStation.com's film and video libraries. USA Video Interactive will digitize and compress the videos using its Wavelet and patented Video-on-Demand technologies and will work with The LearningStation.com to make this content available via the Internet.
"We are very excited to have brought USA Video Interactive's amazing technology to bear in making our global deployments even more valuable to our customers, who look to us to be on the leading edge of available educational products and services," The LearningStation.com Chief Executive Officer Craig Larsen said. "This means we need to present our content in the most compelling way possible. USA Video Interactive's Internet-based streaming video allows us to do that because it is by far the highest quality."
Larsen said adding the new dimensions of USA Video Interactive file compression and streaming video to The LearningStation.com's world-leading educational offerings is expected to increase its market share and market demand significantly.
Edwin Molina, president of USA Video Interactive, said partnerships such as this underscore the importance of USA Video Interactive's technology to the world marketplace. "This is a perfect example of how USA Video Interactive adds value to established companies who have distribution channels already in place," he said. "The benefits are readily seen by both companies in this partnership and by the clients we serve."
Molina said the announcement solidifies USA Video Interactive's position as the leader in bringing interactive video to the education market. USA Video Interactive is a founding member of the SchoolTone Alliance, which brings together education technology and service providers to collectively create web-based solutions for educational content, communications tools, applications and professional development for the education community. USA Video Interactive also has or is developing significant education deployments, including a consortium of career colleges in Puerto Rico and Florida, "Distance Education" programs in conjunction with Teikyo Post University, and secondary school deployments through USA Video Interactive's new K-12video.com educational video portal.
About The LearningStation.com:
The LearningStation.com is a corporation dedicated to providing schools with a cutting-edge technological solution to their hardware, software, content, and system administration needs. Based in Charlotte, North Carolina, and founded in 1997, the innovative LSC mission and movement was conceived because of a desire to integrate this application delivery system, already proven in the corporate sector, into the education arena. As the leading Portal and Application Service Provider (ASP) in the educational market, The LearningStation.com provides access, on a rental/subscription basis, to instructional applications and content through its
educational portal. The LearningStation.com has partnered with Sun Microsystems, The Learning Company, Microsoft, Computer Network Power, Citrix, MCNC, Cisco Systems and others to build the first "thin-client' computing network of its kind. The LearningStation.com is currently capable of supporting over 150,000 concurrent users and soon will double this capability.
About USA Video Interactive:
USA Video Interactive is an international designer and supplier of high-tech Video-on-Demand™ systems, services and solutions. 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-motion 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 can utilize MPEG-1, MPEG-2 or MPEG-4 compression techniques but prefers its Wavelet compression technology. The USA Video Interactive Wavelet technology allows direct streaming and download and play options; provides video images significantly faster and at a higher degree of resolution than with previously available methods; significantly overcomes bandwidth restrictions; and eliminates the blockiness and slowness of current technologies, all at a lower cost. An essential feature of the USA Video Interactive technology is that it allows extremely high compression ratios while retaining near-broadcast quality. More information on USA Video Interactive can be found at www.usvo.com.
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USA Video Interactive Corp.
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 US NASD OTC BB: USVO; SEC 12g3-2(b) Exemption: #82-1601. Trading symbol on The Canadian Venture Exchange: US. Standard & Poors Listed. CUSIP 902924208; USA Video™, USA Video Interactive™, Video-On-Demand™ and Video Yellow Pages™ are trademarks of USA Video Interactive. The Canadian Venture Exchange (CDNX) has not reviewed and does not accept responsibility for the adequacy or accuracy of this release. Contact - Media Relations: Tony Castagno 860-572-1560; Investor Relations: Kevin Yorio 860-572-1560.
The LearningStation.com
Corporate Headquarters: 5100 North I-85 Service Road, Suite 11, Charlotte, N.C. 28206.
Contact: Linda Schilling
The LearningStation.com
Marketing Manager
704-509-6600, Ext. 280
lschilling@learningstation.com
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