FORM 8-K 3
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EXHIBIT 99.1
USVO'S STREAMHQ(TM) COMPLETES OPERATIONAL
BETA TESTING AND IS PRODUCTION READY
USVO
USA VIDEO INTERACTIVE CORP. NEW USVO.COM AND STREAMHQ.NET WEBSITES
UNVEILED AS PART OF STREAMHQ(TM) LAUNCH.
MYSTIC, CONNECTICUT, OCTOBER 9, 2001 - USA Video Interactive (OTCBB: USVO;
CDNX: US; BSE: USF; www.usvo.com) today announced that its StreamHQ(TM) suite of
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rich media delivery services has satisfactorily completed operational beta
testing and that the StreamHQ(TM) architecture is fully ready to support client
services. The immediate impact of production-ready status is the transition of
existing customer service accounts to StreamHQ(TM), as well as USVO's own web
presence. In addition, USVO will begin supporting new accounts for value-added
streaming services, including Zmail campaigns focused on marketing, corporate
communications, and customer service.
In parallel with the StreamHQ(TM) launch, USVO is unveiling its new usvo.com and
streamhq.net websites. The new usvo.com site is a product- and
services-oriented site, intended to provide prospective customers with
information on products and examples of Zmail and other media delivery services.
This site also showcases the company's technology and intellectual property, as
well as providing corporate information to investors and potential partners.
The streamhq.net site presents a variety of specific information on StreamHQ(TM)
to the general public and will also provide secure customer access to Zmail
campaign statistics and account information.
"We are elated about achieving this significant milestone in the StreamHQ(TM)
deployment," said Edwin Molina, President and CEO of USA Video Interactive. "It
is satisfying to see this monumental technical undertaking come to fruition, and
we look forward to providing our customers with a robust media delivery service,
as well as the additional features that will offer added value for their media
delivery investments."
The StreamHQ(TM) launch represents the completion of the first and most complex
phase in an ongoing development program. Initially, it is anticipated that most
of the functionality additions will be to better serve Zmail clients. Beyond
this phase, USVO has aggressive plans for software and architecture upgrades
that tailor services to educational, corporate training, and entertainment
markets.
ABOUT STREAMHQ(TM)
StreamHQ(TM) introduces unprecedented technological and business advantages to
Internet media users by providing media delivery solutions customized to
specific markets, including advertising, corporate communications, and customer
service. Value-added features such as detailed user transaction tracking and
viewer authentication/entitlement, combined with superior security of client
content and data, set StreamHQ(TM) apart from competing services.
FORM 8-K 4
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StreamHQ(TM) serves a wide variety of business models and delivers a range of
revenue-producing and cost-saving rich media applications such as Zmail, which
can fit the business goals and budgets of almost any organization. StreamHQ(TM)
services can also be seamlessly integrated into any existing corporate web
property, making it easy to add the power of rich media to any site and measure
the results. Finally, StreamHQ(TM) is a scalable and customizable streaming,
web, and data management architecture that can be designed, built, and delivered
as a turnkey enterprise-level media delivery platform.
ABOUT USA VIDEO INTERACTIVE
USVO is a developer and supplier of Internet media delivery services, systems,
and innovative end-to-end solutions. The company has developed its StreamHQ(TM)
architecture to provide a wide range of business customers with value-added
media delivery services. StreamHQ(TM) facilitates the transmission of digitized
and compressed video to the user's desktop via multiple modes that take
advantage of available connectivity. While competitors take a
"one-size-fits-all" streaming approach, StreamHQ(TM) brings unique value
propositions to individual vertical markets with functionality designed
specifically for those markets. Beyond high quality media delivery, USVO gives
its customers media asset management tools and information that provide
accountability and return on investment (ROI) for their streaming expenditures.
USVO has created Zmail, which uses StreamHQ(TM) to deliver rich media emails for
advertising, marketing, corporate communications, and customer service
applications. 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 145 other patents. USVO holds
similar patents in Germany, Canada, England, France, Spain, and Italy, and has a
similar patent pending in Japan. For more information, visit www.usvo.com.
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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 OTCBB: USVO; Trading
symbol on The Canadian Venture Exchange: US; Trading Symbol on the Berlin Stock
Exchange: USF. Standard & Poors Listed. CUSIP 902924208. The Canadian Venture
Exchange (CDNX) has not reviewed and does not accept responsibility for the
adequacy or accuracy of this release. For more information contact: Kevin Yorio,
860-572-1560; info@usvo.com
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This press release may contain forward-looking statements. Actual results may
differ materially from those projected in any forward-looking statement.
Investors are cautioned that such forward-looking statements involve risk and
uncertainties, which may cause actual results to differ from those described.