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 31, 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 31, 2002 the Registrant announced that it is expanding the scope and
breadth of its efforts to enforce its pioneering video technology patents by
retaining the services of J. Andrew Huffman, a patent and litigation attorney
who will serve the company as in-house patent counsel.
ITEM 7. FINANCIAL STATEMENTS AND EXHIBITS.
Exhibit 99.1 News Release dated January 31, 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 31, 2002 By: /s/ Anton J. Drescher
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ANTON J. DRESCHER,
CORPORATE SECRETARY
FORM 8-K 3
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USA VIDEO INTERACTIVE RETAINS IN-HOUSE PATENT LEGAL
COUNSEL
USVO
USA VIDEO INTERACTIVE CORP
J. ANDREW HUFFMAN JOINS USVO AS A CONSULTANT TO PROVIDE
PATENT LEGAL SERVICES FOR THE COMPANY
MYSTIC, CONNECTICUT - JANUARY 31, 2002 - USA Video Interactive (OTCBB: USVO;
CDNX: US; BSE/Frankfurt: USF; www.usvo.com) today announced that it is expanding
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the scope and breadth of its efforts to enforce its pioneering video technology
patents by retaining the services of J. Andrew Huffman, a patent and litigation
attorney who will serve the company as in-house patent counsel. Specifically,
Mr. Huffman will advise the company with respect to its store-and-forward
video-on-demand U.S. patent (number 5,130,792) and related European patents,
Canadian patents, and other patents and patent applications to be granted or
filed by the company. Furthermore, Mr. Huffman will assist USVO with licensing
and other agreements that protect the company's intellectual property rights and
generate revenues, as well as patent litigation initiatives where appropriate.
Mr. Huffman brings to USVO a distinguished and dynamic career in patent,
trademark, and trade secret advisement and litigation. He most recently worked
for the prominent national technology law firm of Fish & Richardson as a Senior
Patent and Litigation Associate, where he contributed to two nationally-reported
patent litigation wins and handled all phases of complex civil litigation, from
pre-filing infringement investigations through discovery, trial, and post-trial
resolution. His prior experience was with the firms of Morris, Nichols, Arsht &
Tunnell and Cravath, Swaine & Moore, where he performed in similar capacities.
Mr. Huffman obtained his Juris Doctor degree (magna cum laude) from the
Washington and Lee School of Law in Lexington, Virginia; won several American
Jurisprudence awards during his studies there; and more recently has lectured
and authored on patent law developments.
"USA Video is taking another significant step toward enforcing its pioneering
video-on-demand (VOD) patents, as well as its other significant intellectual
property, with the engagement of Andrew Huffman," said Edwin Molina, President
and CEO of USA Video Interactive. "We are confident that Mr. Huffman has the
experience to take this process to the next level, and with USVO as the focus of
his legal energies and expertise, we will be able to create an innovative
revenue-generating model for USVO's intellectual property."
"It is a real pleasure to be involved with USVO's cutting-edge innovation,
driven by its dynamic leadership team and top-notch technical talent," commented
Mr. Huffman. "In particular, I am excited to be handling the patents that grow
out of USVO's ground-breaking VOD inventions from the 1980s to the present, and
on into the future. This is a patent portfolio - and a company - with powerful
potential."
FORM 8-K 4
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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 and mediaClix(TM), which use StreamHQ(TM) to deliver rich
media campaigns 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.