FORM 8-K 1
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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 20549
AMENDMENT NO.1
TO
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) February 6, 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 22, 2002 the Registrant announced that World Vacations, Incorporated
has contracted to use USVO's Zmail and mediaClix(TM) services for a promotional
campaign targeted to the travel and tourism markets.
ITEM 7. FINANCIAL STATEMENTS AND EXHIBITS.
Exhibit 99.1 News Release dated January 22, 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 : February 6, 2002 By : /s/ Anton J. Drescher
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ANTON J. DRESCHER,
CORPORATE SECRETARY
FORM 8-K 3
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USVO
USA VIDEO INTERACTIVE CORP
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WORLD VACATIONS, INC. CONTRACTS WITH USVO TO USE ZMAIL AND MEDIACLIX TO ADVANCE
ITS INTERNET TRAVEL SERVICES.
MYSTIC, CONNECTICUT, JANUARY 22, 2002 - USA Video Interactive Corporation
(OTCBB: USVO; CDNX: US; BSE/Frankfurt: USF; http://www.usvo.com) announced today
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that World Vacations, Incorporated has contracted to use USVO's Zmail and
mediaClix(TM) services for a promotional campaign targeted to the travel and
tourism markets.
With the signing of this contract, World Vacations, Inc. became USVO's first
Latin American client, signaling USVO's entry into a priority geographical
market for the expansion of USVO's StreamHQ(TM) services.
Founded in 1995, World Vacations, Inc. specializes in web-based vacation
marketing. Through its joint venture with Qualycon www.qualycon.net World
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Vacations, Inc. offers access to Qualycon's unique online real-time reservation
system. Qualycon operates the largest web based vacation reservation system in
Latin America, featuring relationships with more than 2900 top resorts, hotels,
and condominiums worldwide.
"Our on-line vacation services are already experiencing tremendous growth," said
World Vacations, Inc. President Rooney Castellon. "With the launch of our Zmail
and mediaClix(TM) promotions we expect to accelerate our growth even further,
and create new and innovative value for our business model."
"Our contract with World Vacations, Inc. moves USVO's media services into
important vacation and tourism markets," said Daniel E. Kinnaman, USVO's Senior
Vice President of Sales & Marketing. "World Vacations, Inc.'s adoption of Zmail
and mediaClix is another indication of the versatile value of these technologies
in multiple markets around the globe."
ABOUT WORLD VACATIONS, INC.
Founded in 1995, World Vacations Inc. specializes in vacation, tourism, and
time-share marketing. Through its joint venture with Qualycon, World Vacations,
Inc. offers a sophisticated web-based model for vacation club membership to a
worldwide audience. With more than 15,000 members already enrolled, and with
global relationships including more than 2900 resorts, hotels, and condominiums
providing members with on-line air line reservations, car rental services,
cruises, and entertainment attractions at preferred pricing, World Vacations,
Inc. is in the forefront of Internet innovations servicing the travel industry
in Latin America and worldwide.
FORM 8-K 4
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ABOUT USA VIDEO INTERACTIVE CORPORATION
USVO (OTCBB: USVO; CDNX: US; BSE/Frankfurt: USF) 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 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.