FORM 8-K 1
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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 15, 2002
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USA VIDEO INTERACTIVE CORP.
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(Exact name of registrant as specified in its chapter)
WYOMING 0-29651 06-15763-91
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(State or other jurisdiction (Commission (IRS Employer
of incorporation File Number) Identification No.)
70 ESSEX STREET, MYSTIC, CONNECTICUT 06355
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(Address of principal executive offices) (Zip Code)
(800) 625-2200
Registrant's telephone number, including area code
Not Applicable
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(Former name or former address, if changed since last report)
FORM 8-K 2
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ITEM 5. OTHER EVENTS AND REGULATION FD DISCLOSURE.
On January 15, 2002 the Registrant and Speedera Networks, Inc., a top tier
global provider of content delivery services, today announced that USVO is
expanding the scope and breadth of its StreamHQ(TM) infrastructure and services
using Speedera's content delivery network (CDN) to support clients and consumers
around the world.
ITEM 7. FINANCIAL STATEMENTS AND EXHIBITS.
Exhibit 99.1 News Release dated January 15, 2002
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: January 15, 2002 By: /s/ Anton J. Drescher
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ANTON J. DRESCHER,
CORPORATE SECRETARY
FORM 8-K 3
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[GRAPHIC USA VIDEO INTERACTIVE EXTENDS REACH OF STREAMHQ
OMITTED] INFRASTRUCTURE AND SERVICES USING SPEEDERA'S CONTENT
DELIVERY NETWORK
COMPANIES ENTER INTO CO-MARKETING PARTNERSHIP FOR FULL RANGE
OF VALUE-ADDED RICH MEDIA DELIVERY SERVICES
MYSTIC, CONNECTICUT AND SANTA CLARA, CA - JANUARY 15, 2002 - USA Video
Interactive (OTCBB: USVO; CDNX: US; BSE/Frankfurt: USF; www.usvo.com) and
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Speedera Networks, Inc., a top tier global provider of content delivery
services, today announced that USVO is expanding the scope and breadth of its
StreamHQ(TM) infrastructure and services using Speedera's content delivery
network (CDN) to support clients and consumers around the world. Leveraging the
Speedera network for delivery of Zmail and other StreamHQ(TM) services will
enhance the efficiency and quality of services by placing rich media content
closer to the end user, no matter where in the world the user is located.
Extending StreamHQ(TM)'s reach with the Speedera network eliminates all
constraints on the size, number, and geographical extent of Zmail and other rich
media campaigns. USVO's selection of Speedera follows a thorough evaluation of
the technical and functional attributes of the network, as well as an end-to-end
test for compatibility with the StreamHQ(TM) back-office infrastructure and
media delivery processes, including highly granular transaction data capture and
reporting, authentication and entitlement, and asset management.
Speedera and USVO also announced a co-marketing partnership whereby each of the
companies will represent each other as a preferred service provider to existing
and new clients. This partnership is designed to leverage the unique
value-added services of the two companies to bring a collective service
offering, unparalleled in the industry, to a broader client base. The
co-marketing aspect of this partnership culminates a mutual evaluation of
technical capabilities, business goals, and customer service models.
Speedera's CDN supports edge delivery of content, one of three methods within
StreamHQ(TM)'s multi-mode content delivery design. Edge delivery augments the
existing centralized delivery of content from the StreamHQ(TM) Central location
at AT&T's midtown Manhattan IDC. USVO has been actively seeking a CDN partner
for over a year to fulfill this requirement, which allows the company to focus
on its core competency of providing value-added services, such as Zmail, that
result in a significant return on its clients' investments. Zmail marries
streaming media with email in order to enhance marketing communications and
dramatically increase response rates. Among the reasons for selecting Speedera
include the scalability and global coverage of the network, the ease of content
management for on-demand and live streaming media delivery, and the joint
business potential of the partnership.
"Speedera's global content delivery footprint is unexcelled in placing
StreamHQ(TM) media as close to end users as possible, regardless of their
location," said Kent Norton, Chief Technology Officer of USA Video Interactive.
"The combined Speedera-USVO infrastructure and capabilities are unmatched by
anyone else in the business. Beyond the technology, we are thrilled with the
business building opportunities brought by the relationship."
FORM 8-K 4
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Gordon Smith, Vice President of Marketing of Speedera, commented, "We are very
excited to be working with USVO. By augmenting our robust global content
delivery network with StreamHQ(TM)'s market-specific functionality, we bring
even greater service differentiation to customers and enhance our position in
this highly competitive market. Market share is key, and the StreamHQ(TM)
services combined with Speedera's services will give both companies additional
leverage because of the value proposition we bring to clients."
ABOUT SPEEDERA NETWORKS
Speedera Networks, Inc. is a leading global provider of Internet edge services
for reducing costs and improving enterprises' web presence through superior
performance, quality, availability, and scalability. The company's edge
delivery network is deployed in the Americas, Europe, and the Asia-Pacific
region, with connectivity to over 1000 carriers' networks. Speedera's Universal
Delivery Network features a unique set of next generation streaming, content
delivery, failover, global load balancing, and management services, all based on
a common global traffic management infrastructure. The company's customers and
partners include Global 2000 companies, service providers, web hosting
providers, and other organizations worldwide. The company's investors include
Banc of America Securities LLC, Continuum Group Ltd, Deutsche Bank AG,
Hewlett-Packard Company, Oracle, and Trinity Ventures, among others. Speedera
Networks is located at 4800 Great America Parkway, Santa Clara, CA, USA
95054-1227. For more information about Speedera, please call (408) 970-1500,
visit http://www.speedera.com, or email info@speedera.com.
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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 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
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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.