To: trade15  who wrote (1783 ) 3/25/1999 10:34:00 AM From: Ed Pakstas     Read Replies (1)  | Respond to    of 1841  
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