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Microcap & Penny Stocks : USVO - USA Video Interactive -- Ignore unavailable to you. Want to Upgrade?

To: Bob C. who wrote (499)	2/25/2000 3:51:00 PM
From: Dan Bane	Respond to of 648

Stockformation Commentary USA Video Interactive, well positioned 24/02/2000 By Jeff Freedman Y2K has been a rocky road for USA Video Interactive Corporation US.V which closed yesterday at $13.25. Stock value lost about 40% in January, dropping to around $5. But now that things have turned in the video-on-demand company?s favor, all indications are that this very well positioned entity is going to be able to capitalize on one of the hottest segments of Internet technology. USA Video Interactive is an international designer and supplier of high-tech Internet streaming video and Video-on-Demand(tm) systems, services and solutions. 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. Its 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 and at or near broadcast quality. ?We have a streaming video and video-on-demand product that produces top-flight images on home modems, and it?s because we have such an appeal as a home-modem program that we are getting more and more attention,? Tony Castagno, Chief Operating Officer at U.S., told Stockformation.com. ?We have a conference coming up at the North American Broadcasting Association on Friday and this will be the first time that network TV will be broadcast by satellite through Internet at extremely high quality levels. It will be just like watching TV through the Internet.? Castagno said, while USV doesn?t have a particular target point for the stock, ?We are moving ahead with our business plan to compile our registration forms in the U.S. so that we become a fully reporting company-in fact we?ve been doing that for a couple of years already-and then, once that?s done the our intent is to move to Nasdaq.? U.S.V. filed its filed its Form 10 with the United States Securities and Exchange Commission, February 22. ?Becoming a Fully Reporting Company is an important part of our business plan and will help strengthen our company," said Edwin Molina, President of USA Video Interactive. "It is a key step in our ongoing growth." Upon acceptance, this registration will establish a public file containing all pertinent financial information on the company and will include periodic filings such as the quarterly Form 10-Q, the annual Form 10-K, and the Form 8-K whenever appropriate to announce material changes. On a global scale, US is expanding just about everywhere video-on-demand has an existing or potential market. ?We have an aggressive market throughout North America, including Canada. But we also have things in the far east. On top of that, we are also working with some satellite companies and a couple of really innovative companies to come up with ways to get video to undeveloped countries where there is no infrastructure whatsoever by bringing signals in from satellites to areas that don?t even have telephone lines.? Castagno told Stockformation.com that technological innovation and management changes at the USV are driving the company competitively, and should continue to drive the stock skyward. ?The company has been in business for about 10 or 11 years,? the Essex, Connecticut COO told us. ?In the last year or two, we?ve brought in a whole new management team and we?ve really tightened up our R&D but we?ve also switched our marketing focus, and we also have a product that has very wide appeal and this is just the right time to bring it to market.? The company announced that it proposes to grant stock options in the aggregate of 900,000 common shares to certain officers and consultants of the Company February 19. The stock options are exercisable at a price of US$5.00 (CDN$7.35) per share for a term of two years from the date of granting. The granting of the options is subject to regulatory acceptance. If you wish to receive articles and stock picks from Canadian analysts and investment journalists, please sign up for FREE STOCKFORMATION MEMBERSHIP