UNITED STATES | |||||
SECURITIES AND EXCHANGE COMMISSION | |||||
WASHINGTON, DC 20549 | |||||
FORM 8-K CURRENT REPORT | |||||
Pursuant to Section 13 OR 15(d) of the Securities Exchange Act of 1934 | |||||
Date of Report (Date of earliest reported) | September 13, 2005 | ||||
USA VIDEO INTERACTIVE CORP. | |||||
(Exact name of registrant as specified in its chapter) | |||||
WYOMING | 0-29651 | 06-15763-91 | |||
(State or other jurisdiction | (Commission | (IRS Employer | |||
83 Halls Road, Old Lyme, Connecticut | 06371 | ||||
(Address of principal executive offices) | (Zip Code) | ||||
Registrant's telephone number, including area code | (860) 434 - 5535 | ||||
(Former name or former address, if changed since last report) | |||||
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions. | |||||
( ) Written communications pursuant to Rule 425 under the Securities Act (17CFR 230.425) | |||||
( ) Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) | |||||
( ) Pre commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR.240.14d-2(b)) | |||||
( ) Pre-commencement communications pursuant to Rule 13c-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) | |||||
INFORMATION TO BE INCLUDED IN THE REPORT
Section 8 – Other Events
Item 8.01
Other Events.
The Registrant announces that at the recent annual meeting of shareholders the shareholders approved the appointment of management’s four nominees, the appointment of auditor, an amendment to the 2001 Stock Option Plan and an amendment to stock options granted to insiders, all as more particularly set forth in the News Release attached as Exhibit 99.1.
A copy of the News Release dated September 13th, 2005 is furnished as Exhibit 99.1.
Section 9 – Financial Statements and Exhibits
Item 9.01 Financial Statements and Exhibits.
Exhibit 99.1
News Release dated September 13th, 2005
SIGNATURES
Pursuant to the requirements of theSecurities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
USA VIDEO INTERACTIVE CORP.
Date :
September 13th, 2005
By :
/s/ Anton J. Drescher
Anton J. Drescher,
Corporate Secretary
Exhibit 99.1
For release September 13, 2005 For Investor Relations Contact: Stephanie Soleas (877)4-BLUE-IR (877) 425-8347 usvo@blueskyir.com |
RECAP OF ANNUAL MEETING OF SHAREHOLDERS
(Vancouver, BC – September 13, 2005) -USA Video Interactive Corp.(OTCBB: USVO; TSX: US; BSE/Frankfurt: USF;http://www.usvo.com),announces that at the recent annual meeting of shareholders the shareholders approved the following matters:
1.
The election of management’s four nominees as set out in the Proxy Statement; as follows:
Edwin Molina
Anton J. Drescher
Maurice Loverso
Rowland Perkins
2.
The appointment of Goldstein Golub Kessler, LLP, as auditors of the Company for the ensuing year.
3.
An amendment to the 2001 Stock Option Plan to increase the number of shares from 8,400,000 shares to 13,900,000 shares.
4.
An amendment to stock options granted to insiders to reduce the exercise price to $0.10 US ($0.125 Cdn.) per share.
About USVO:
USVO is a developer and supplier of Internet media delivery services, systems, and innovative end-to-end solutions. USVO developed its MediaSentinel digital watermarking technology and its StreamHQ architecture to provide a wide range of business customers with value-added media delivery services. USVO holds the pioneering patent for store-and-forward video, filed in 1990 and issued by the United States Patent and Trademark Office on July 14, 1992; it has been cited by at least 165 other patents. USVO holds similar patents in Germany, Canada, England, France, Spain, Italy and Japan. For more information, visitwww.usvo.com.
On behalf of the Board of Directors
of USA Video Interactive Corp.
“Anton J. Drescher”,
Corporate Secretary
USA Video InteractiveCorporate Headquarters Office: 83 Halls Road, Old Lyme, Connecticut, 06371 Telephone (860) 434 - 5535
Facsimile (860) 434 - 5782; Canada Office: 507 – 837 West Hastings Street, Vancouver, BC V6C 3N6. Trading symbol on the OTCBB: USVO; Trading symbol on the TSX Venture Exchange US; Trading symbol on the Berlin and Frankfurt Stock Exchanges: USF. CUSIP 902924208. For more information contact (860) 434 – 5535, Extension 125; contact@usvo.com
The press release may contain forward-looking statements. Actual results may differ materially from those projected in any forward-looking statements. Investors are cautioned that such forward-looking statements involve risk and uncertainties, which may cause actual results to differ from those described.
The TSX Venture Exchange (TSX) has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.
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