FORM 8-K 1
- --------------------------------------------------------------------------------
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) November 27, 2001
------------------------------------
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
of incorporation File Number) Identification No.)
70 ESSEX STREET, MYSTIC, CONNECTICUT 06355
- ----------------------------------------------------- --------------------
(Address of principal executive offices) (Zip Code)
(800) 625-2200
Registrant's telephone number, including area code
Not Applicable
- --------------------------------------------------------------------------------
(Former name or former address, if changed since last report)
FORM 8-K 2
- --------------------------------------------------------------------------------
ITEM 5. OTHER EVENTS AND REGULATION FD DISCLOSURE.
On November 27, 2001 the Registrant announced that USA Video Interactive
Corporation (USVO), a developer and supplier of Internet media delivery
services, systems, and innovative end-to-end solutions and CEO Solutions, Inc.,
the nation's premier business opportunity consulting firm, announced today that
they have formed a strategic sales and marketing partnership.
In the context of this partnership, CEO Solutions, Inc. will represent, market,
and sell USVO's services, systems, and technology to its well-established client
base in educational, government, and not-for-profit business sectors.
Furthermore, the company will actively pursue opportunities to further develop
and adapt the technology for these new markets.
ITEM 7. FINANCIAL STATEMENTS AND EXHIBITS.
Exhibit 99.1 News Release dated November 27, 2001
SIGNATURES
Pursuant to the requirements of the Securities 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: November 27, 2001 By: /s/ Anton J. Drescher
-------------------- ------------------------------
ANTON J. DRESCHER,
CORPORATE SECRETARY
FORM 8-K 3
- --------------------------------------------------------------------------------
FOR IMMEDIATE RELEASE:
USA VIDEO INTERACTIVE CORPORATION (USVO) AND CEO SOLUTIONS, INC. ANNOUNCE
STRATEGIC SALES AND MARKETING PARTNERSHIP
PIONEER IN INTERNET MEDIA DELIVERY SERVICES AND PREMIER BUSINESS DEVELOPMENT
AGENCY FORM PARTNERSHIP TO BRING RICH MEDIA SOLUTIONS TO NEW MARKETS
ARLINGTON, VIRGINIA, NOVEMBER 27, 2001 - USA Video Interactive Corporation
(USVO), a developer and supplier of Internet media delivery services, systems,
and innovative end-to-end solutions and CEO Solutions, Inc., the nation's
premier business opportunity consulting firm, announced today that they have
formed a strategic sales and marketing partnership.
In the context of this partnership, CEO Solutions, Inc. will represent, market,
and sell USVO's services, systems, and technology to its well-established client
base in educational, government, and not-for-profit business sectors.
Furthermore, the company will actively pursue opportunities to further develop
and adapt the technology for these new markets.
USVO has been at the forefront of the digital media business since its founding
in 1989. In October 2001, USVO completed the development and deployment of
StreamHQ(TM), its next generation media delivery architecture. 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. For example, USVO's
Zmail-the first product announced under StreamHQ(TM)--combines the ease of email
with the power of rich media to enable businesses, institutions, and
organizations to communicate multimedia messages to targeted audiences via the
Internet and to receive unmatched feedback on the effectiveness of their
communication campaigns, providing enhanced accountability and a return on
investment.
"To expand and grow in significant communication markets such as education and
the extensive not-for-profit sector we need an industry leading partner that
will launch a significant profile-raising and sales-focused campaign for USVO.
CEO Solutions, Inc. has years of experience in these markets and brings the
depth of leadership and breadth of industry knowledge that we're looking for in
a partner," stated Ed Molina, President of USVO.
The CEO Solutions, Inc. practice is composed of a diverse group of industry
veterans who specialize in strategic business development, marketing, high
impact sales and communications practices with well-defined connections in the
Education, Technology, Government and Non-Profit sectors.
"Our industry knowledge provides us with a leading edge and we are enormously
proud to have earned the right to be working with USVO. USVO has much to offer
to our specialty markets, and we are eager to introduce their superior products
to our space. We are always looking for ways to impact and improve how we live,
learn and work, and USVO fits the bill," stated Jane Copley, President of CEO
Solutions, Inc.
CEO Solutions, Inc. will be launching an aggressive Zmail campaign during the
first quarter of 2002. CEO Solutions, Inc. will elevate the awareness and
reputation of USVO by promoting and demonstrating the value they extend to these
new markets.
FORM 8-K 4
- --------------------------------------------------------------------------------
ABOUT CEO SOLUTIONS, INC.
CEO Solutions, Inc. headquartered in Arlington, Virginia, is the nation's
premier business opportunity consulting firm that specializes in strategic
business development, marketing, high impact sales and communications practices
with well-defined connections in the Education, Technology, Government and
Non-Profit sectors. For more information, please visit CEO Solutions, Inc. web
site at www.ceosolutionsinc.com
-----------------------
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 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.
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 and
Frankfurt Stock Exchanges: 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
- -------------
EMC and Symmetrix are registered trademarks and EMC Proven and E-Infostructure
- --------------------------------------------------------------------------------
are trademarks of EMC Corporation
- ---------------------------------
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.