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

To: Halbert who wrote (508)	3/2/2000 10:26:00 AM
From: Halbert	Read Replies (1) \| Respond to of 648

***More News -> Thursday March 2, 8:59 am Eastern Time Company Press Release USA Video Interactive and Spark Interactive Form Strategic Alliance for Digitized Content for Internet Streaming Video and Video On Demand MYSTIC, Conn.--(BUSINESS WIRE)--March 2, 2000--USA Video Interactive (OTC BB: USVO; CDNX: US; www.usvo.com), a leading provider of Internet streaming video and true video-on-demand for the home, apartments, corporate and educational settings, and Spark Interactive (www.sparkinteract.com), a leading distributor of digitally encoded entertainment content to homes and businesses, have formed a strategic partnership to bring the highest quality entertainment content to an ever-growing Internet and Internet-TV audience. ``Content is the major driving force for Internet growth and widespread use of developing and converging technologies,' said Edwin Molina, President of USA Video Interactive. ``Joining forces with Spark Interactive is an important part of our ability to move forward now -- not two or three years from now -- in bringing the highest quality content to homes, schools and offices throughout the world through the Internet and set-top boxes.' The agreement gives USA Video Interactive access to Spark Interactive's 12,000+ feature length motion pictures, ongoing new and just-off-first-run movie releases, 12,000,000 music titles and 500 video games. The content can be included in USA Video Interactive systems installed in a variety of applications from large multi-dwelling units, to hotels and other hospitality settings, to college dorms and corporate offices. Additionally, the companies plan to collaborate on the production and utilization of new content and will cooperatively and jointly market their products and services. Spark Interactive will utilize USA Video Interactive technology and systems in delivering content to their current and new clients. Additionally, Spark Interactive will work with USA Video Interactive to establish protocols and agreements for digitizing and distributing content in the future. ``USA Video Interactive is at the forefront of video technology for the Internet, so we see a perfect fit between our companies,' said William Dever, President of Spark Interactive. ``This is an excellent broadband and non-broadband solution for expanding delivery of our digitized video and audio libraries.' About Spark Interactive Corporation Spark Interactive Corporation is currently licensing a film library in excess of 12,700 feature length motion pictures, which cover all genres. Spark Interactive has the facilities to encode audio and video formats into digital format entertainment products. Spark Interactive has the expertise to produce quality authoring, layout and interactive design. Spark Interactive also has the know-how to assemble production studios for development of local content. Spark Interactive has a mandate to be constantly developing new products and services to meet the demands of this growing industry. sparkinteract.com About USA Video Interactive 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. For more information on USA Video Interactive, visit www.usvo.com. Contact: Stephen Soroka; steve@sparkinteractinteract.com; Tel: 317-883-1963; Fax: 317-883-1973; Greenwood Indiana, USA. USA Video Interactive 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; 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. This press release may contain forward-looking statements that involve risks and uncertainties. Actual results could differ materially from those anticipated in forward-looking statements. Investors are cautioned that such forward-looking statements involve risks and uncertainties. NOTE TO EDITORS: The number 12,000+ should appear with a plus after the amount `12,000'. This symbol may not transmit properly in all systems. NOTE TO EDITORS: The email address steve@sparkinteractinteract.com; should appear with an at sign between `steve' and `sparkinteractinteract.com.' This symbol may not transmit properly in all systems. -------------------------------------------------------------------------------- Contact: US Video Interactive Tony Castagno, 860/572-1560, (MR) or Kevin Yorio, 860/572-1560, (IR) info@usvo.com