FORM 8-K 3
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USVO
USA VIDEO INTERACTIVE CORP.
MYSTIC, CONNECTICUT, OCTOBER 30, 2001 -The Fleet Center, New England's premier
sports arena, has signed a contract with USA Video Interactive Corp. (OTCBB:
USVO; CDNX: US; BSE/Frankfurt: USF www.usvo.com) to use USVO's Zmail solution as
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part of its current promotional campaigns. The Fleet Center is home to the
National Hockey League Boston Bruins, the National Basketball Association Boston
Celtics, and to a wide range of concerts and other special events. The initial
deployment of Zmail by The Fleet Center will focus on increasing sales of
premium seating.
Zmail is the first commercial product announced by USVO under its StreamHQ(TM)
architecture. Zmail combines the ease of email with the power of rich media and
uses the advanced real-time data capturing features of StreamHQ to give
marketers unprecedented feedback on the effectiveness of their promotional
efforts. This enables marketers to more strategically target their audiences and
refine the presentation of their messages to ensure a higher return on their
marketing expenditures.
"We're obviously pleased to be working with The Fleet Center on this campaign,"
said Daniel E. Kinnaman, USVO's Senior Vice President of Sales & Marketing.
"Zmail is the best technology available for this type of marketing campaign
because it enables our clients to reach a precisely targeted audience with a
customized rich media message and then it provides ongoing reports of how the
audience is interacting with and responding to the communication. We're
confident that this delivers the added value our customers have been looking for
in Internet-based marketing."
ABOUT USA VIDEO INTERACTIVE (USVO)
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
content delivery services. StreamHQ(TM) facilitates the transmission of
digitized and compressed video to the user's desktop via multiple modes that
take advantage of the 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 content delivery, USVO
gives its customers media asset management tools and information that provide
accountability and return on investment (ROI) for their streaming expenditures.
StreamHQ(TM) encompasses a range of end-to-end services from source to viewing,
including content production, content encoding, asset management and protection,
media and application hosting, multi-mode content distribution, and transaction
data capture and reporting. 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.