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FORM 8-K
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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) February 22, 2002
USA VIDEO INTERACTIVE CORP.
(Exact name of registrant as specified in its chapter)
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WYOMING 0-29651 06-15763-91
(State or other jurisdiction (Commission (IRS Employer
of incorporation File Number) Identification No.)
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70 ESSEX STREET, MYSTIC, CONNECTICUT 06355
(Address of principal executive offices) (Zip Code)
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(800) 625-2200
Registrant's telephone number, including area code
Not Applicable
(Former name or former address, if changed since last report)
ITEM 5. OTHER EVENTS AND REGULATION FD DISCLOSURE.
On February 22, 2002 the Registrant announced that it has completed a contract
with Mortgage Lenders Network USA, Inc. www.mlnusa.com to deploy Zmail and
mediaClix to increase its sales and brand awareness in the nationwide mortgage
banking business
ITEM 7. FINANCIAL STATEMENTS AND EXHIBITS.
Exhibit 99.1 News Release dated February 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 22, 2002 By : /s/ Anton J. Drescher
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ANTON J. DRESCHER,
CORPORATE SECRETARY
[GRAPHIC OMITED]
NATIONWIDE MORTGAGE BANKING COMPANY SELECTS ZMAIL AND MEDIACLIX FOR INTERNET
MARKETING INITIATIVES.
MYSTIC, CONNECTICUT, FEBRUARY 22, 2002 - USA Video Interactive Corporation
(OTCBB: USVO; CDNX: US; BSE/Frankfurt: USF; http://www.usvo.com/) announced
today that it has completed a contract with Mortgage Lenders Network USA, Inc.
www.mlnusa.com to deploy Zmail and mediaClix to increase its sales and brand
awareness in the nationwide mortgage banking business.
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Headquartered in Middletown Connecticut, Mortgage Lenders Network USA, Inc. is
one of the largest providers of non-conforming mortgage and home equity
financing in America and ranks as the sixth largest sub-server of non-conforming
mortgages in the country.
"Mortgage Lenders Network's ability to build strategic relationships with
companies like USVO that share our view of leveraging technology to increase
market share, through the use of creative new products and services, is
consistent with Mortgage Lenders Network's E-Commerce Business Model," said
Michael S. Simeone, MLN's Senior Vice President and Chief Technology Officer.
"Our contract with Mortgage Lenders Network USA, Inc. moves USVO into an
important new market," said Daniel E. Kinnaman, USVO's Senior Vice President of
Sales & Marketing. "Using Zmail and mediaClix to target special messages and
offers, customers in multiple vertical markets are realizing the enhanced ROI of
our StreamHQ solutions. The mortgage banking business is a significant addition
to our growing array of well-served markets. We're glad to be working with
Mortgage Lenders Network USA, Inc. and look forward to helping them achieve
excellent results."
ABOUT MORTGAGE LENDERS USA, INC.
Mortgage Lenders Network USA, Inc. was organized November 1996, and began
operations in April 1997 as a nationwide mortgage banking company.
Mortgage Lenders Network is a privately held firm, based in Middletown,
Connecticut, which specializes in providing mortgage and home equity financing
to borrowers with impaired credit histories.
The Company's strategy is to offer competitive products and outstanding service
at a low cost.
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 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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