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) | January 26th, 2007 | ||||
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 | |||
8 West Main Street, Niantic, Connecticut | 06352 | ||||
(Address of principal executive offices) | (Zip Code) | ||||
Registrant's telephone number, including area code | (860) 739-8030 | ||||
(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 has retained ECON Corporate Services (InvestorIdeas.com) to provide industry specific services surrounding the watermarking and anti-piracy sector that include: Exclusive Industry Articles, Audio Interviews, Internet Marketing, Corporate Strategies, Industry Research, and Customized Programs.
A copy of the News Release dated January 25th, 2007 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 January 25th, 2007
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 : January 26th, 2007
By :
/s/ Anton J. Drescher
Anton J. Drescher,
Corporate Secretary
Exhibit 99.1
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For Investor Relations Contact: (860) 739 - 8030 |
![[form8kjan262007001.jpg]](https://capedge.com/proxy/8-K/0001273511-07-000009/form8kjan262007001.jpg)
USVO RETAINS INTERNET BASED INVESTOR RESOURCE PORTION
FOR INVESTOR AND INDUSTRY COMMUNICATION
(Niantic, CT – January 25, 2007) -USA Video Interactive Corp.(OTCBB: USVO; TSX: US; BSE/Frankfurt: USF;http://www.usvo.com),is pleased to announce it has retained ECON Corporate Services (InvestorIdeas.com) to provide industry specific services surrounding the watermarking and anti-piracy sector that include: Exclusive Industry Articles, Audio Interviews, Internet Marketing, Corporate Strategies, Industry Research, and Customized Programs.
More specifically ECON will develop corporate pages on their site that will include news, management profiles, corporate profile, TSX links, and other pertinent corporate information.
ECON will also distribute company news to their current database of media, industry analysts, fund managers, investors and brokers specifically related to the watermarking and anti-piracy sector.
USVO will compensate ECON by way of a monthly fee on $1,500US. In addition ECON will be granted a stock option to purchase up to 200,000 common shares at a price of $0.155 per share for a period of two years. The granting of the option will be subject to TSX Venture Exchange policies and subject to the required 4 month hold. The option will vest as to twenty-five (25%) percent, quarterly, in accordance with TSX Venture Exchange guidelines.
The term of the contract is one year. After the initial four month term of the contract, both parties have the right to terminate this agreement based on thirty days written notice.
The company also announces that it has granted a stock option to a director of the company to purchase up to a total of 50,000 common shares in the capital stock of the company. The option is exercisable at a price of $0.155 US per share on or before January 25, 2009.
The options have been granted pursuant to the company’s 2005 Stock Option Plan, which was approved by the shareholders of the company at the annual meeting held on September 7th, 2005.
About ECON/InvestorIdeas.com
InvestorIdeas.com is a leading global investor and industry news research resource portal covering over twenty industry sectors and global markets, featuring: investor newsletters, Blogs, RSS news feeds, investor conferences and forums, audio interviews, stock directories and exclusive industry articles. InvestorIdeas.com and some of the sector portals have been featured and quoted in Business Week, CNN Financial TV, CBS Marketwatch radio, Wired and other financial publications online, radio and print.
About USVO:
USA Video Interactive Corp. (“USVO”) designs and markets technology for delivery of digital media. USVO developed its MediaSentinel™ and SmartMark™ digital watermarking technology to provide a robust means for producers and distributors to invisibly protect their content. USA Video Technology Corp., a wholly owned subsidiary of 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 200 other patents. USVO holds similar patents in Germany, Canada, England, France, Spain, Italy, and Japan. For more information, visitwww.usvo.com.
USA Video InteractiveCorporate Headquarters Office: 8 West Main Street, Niantic, Connecticut, 06357 Telephone (860) 739 – 8030 Facsimile (860) 739 - 8070; 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) 739 – 8030 or 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.
MediaEscort, MediaSentinel and SmartMark are trademarks of USA Video Interactive Corp.
The names of actual companies and products mentioned herein may be the trademarks of their respective owners.
The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.