To: LANCE B who wrote (9282 ) 4/30/1999 10:00:00 AM From: Due Diligence Respond to of 13776
USVO has news: Great web site and USVO thread for details. DD (COMTEX) B: Lucerne Media is Third Major Film Library to Sign With US B: Lucerne Media is Third Major Film Library to Sign With USA Video Interactive in Providing Digital Content to Schools MYSTIC, CONN. (April 30) BUSINESS WIRE -April 30, 1999--USA Video Interactive (NASD:USVO) (ASE:US) and Lucerne Media have agreed to partner in a pilot program to digitize three of Lucerne's most popular educational video series, install them on the USA Video Interactive server at LEARN and elsewhere, and make them available via LEARN's Intranet network including remote access by the region's magnet schools. Lucerne Media is the third major educational film library to sign on with USA Video Interactive in recent days. USA Video Interactive will use its wavelet technology to compress and digitally encode the Lucerne videos. The USA Video Interactive Wavelet technology allows direct streaming and download & play options; provides video images significantly faster and at a higher degree of resolution than previously available methods; significantly overcomes bandwidth restrictions; and eliminates the blockiness and slowness of current technologies, all at a lower cost. It allows extremely high compression ratios while retaining broadcast quality, an essential feature of the USA Video Interactive technology. Lucerne Media is a leading supplier of videos and CD-ROMs for all ages and in all subject areas and currently offers over 1,000 programs. Lucerne acquires programs for distribution from independent producers and corporations worldwide, and also co-produces programming to meet the specific needs of the educational, public library, and college market community. The videos being provided by Lucerne Media include the six-part Teens At Risk series; the four-part Meet The Seasons series; and the six-part The Changing Face of Asia series. "With the addition of these videos from Lucerne Media to our server, we now can provide students with some of the best available content in Guidance, Health, Social Services and Language Arts," said Edwin Molina, President of USA Video Interactive. "We are now in the unique position of being able to provide a complete package of servers and educational content with true Video-on-Demand(tm) to schools and universities throughout the world." LEARN provides technology and other services in Connecticut to 24 school districts, 120 schools and more than 49,000 students. There are similar organizations in most other states and some 550 Regional Education Service Centers throughout the United States. USA Video Interactive is an international designer and supplier of high-tech Video-on-Demand(tm) systems and services. 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 it uses 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 #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: #82-1601. Trading symbol on The Alberta Stock Exchange: US. Video-On-Demand(tm) and Video Yellow Pages(tm) are trademarks of USA Video. The Alberta Stock Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release. -0- dp/bos* CONTACT: USA Video Interactive Media Relations Tony Castagno (860) 572-1560 (800) 625-2200 or Investor Relations Kevin Yorio (860) 572-1560 (800) 625-2200 KEYWORD: CONNECTICUT MASSACHUSETTS INDUSTRY KEYWORD: COMED COMPUTERS/ELECTRONICS ENTERTAINMENT INTERACTIVE/MULTIMEDIA/INTERNET EDUCATION Today's News On The Net - Business Wire's full file on the Internet with Hyperlinks to your home page. URL: businesswire.com *** end of story ***