HKNet and USA Video Interactive Sign Agreement to Partner in Bringing Internet Video to Hong Kong and Asia Pacific
Monday, 25 September 2000
Part of International Expansion of USA Video Interactive

(Hong Kong, September 25, 2000) -- HKNet, an Internet-service joint venture between NTT Communications Corporation (NYSE: NTT) of Japan and CCT Telecom Holdings Ltd. (SEHK: 0138) of Hong Kong, and USA Video Interactive (OTCBB: USVO; CDNX: US; www.usvo.com), a leading international designer and supplier of high-tech Internet streaming video systems and services, have signed an agreement to work together in bringing streaming video and video-on-demand to HKNet's customers in Hong Kong and elsewhere in the Asia Pacific region.

HKNet is one of the largest Internet Service Providers in Hong Kong with some 400,000 Internet subscribers. It recently unveiled its high-speed broadband service, premium Digital Business Data Centre, and now plans to incorporate the USA Video Interactive patented streaming video and video-on-demand technologies into that service. USA Video Interactive will become a technology partner of HKNet and the two companies will collaborate on marketing and other services in areas where HKNet and its parent companies have a presence. The companies will jointly develop and market new applications of their technologies, particularly in the area of wireless delivery of Internet video.

"We are very pleased to have begun a relationship with USA Video Interactive, especially as we continue our rapid expansion throughout the region," said Nemo Tse, Chief Operations Officer of HKNet. "Incorporating the USA Video Interactive technology into Internet video will present a great benefit to our customers and our business partners. I am sure this is the start of a long and mutually beneficial relationship between our companies."

"Partnering with HKNet brings us great opportunities in Hong Kong and beyond, and we are particularly happy to be working with a company with a very clear vision and strategy for expanding in the Asia Pacific region," said Edwin Molina, President of USA Video Interactive. "Our relationship with HKNet has developed over many months and now is bearing fruit for both companies as we formally begin working together on a number of exciting projects."

About HKNet
Established in 1994, HKNet Co. Ltd. is one of the first licensed Internet Service Providers (ISP) in Hong Kong. With the determination to provide the most reliable and effective e-Telecom service in Hong Kong, HKNet focuses on broadband Service, Data Centre, Web Solutions / System Integration, Telecom Services, and Domain-Name-Registration.

In April 2000, HKNet was named "The Best Site of the Year" and "The Best Portal" at the Hong Kong Web Awards 2000 organized by Webmaster (Hong Kong) Association and Commercial Radio. HKNet is a joint venture company between the Hong Kong listed CCT Telecom Group (SEHK:138) and NTT Communications Corporation of Japan.

For more information, please visit HKNet's website at www.hknet.com or email . HKNet Co Ltd Media contact: Ms Pamela Sum; Tel: +2110 3677; Fax: +2110 0078; Email: .

About USA Video Interactive
USA Video Interactive is an international designer and supplier of high-tech Internet streaming video and video-on-demand systems, services and innovative end-to-end solutions. The USA Video Interactive patented video technology gives users full-motion video; the flexibility of standard, VCR-like controls; and the convenience of a standard internet-browser format for access. It provides video images significantly faster and at a higher degree of resolution than with previously available methods; significantly overcomes bandwidth restrictions; and eliminates the blockiness and slowness of current technologies -- all at a lower cost and at or near broadcast quality. USA Video Interactive is nearing completion of a patented Wavelet compression technology that will further enhance the company's ability to deliver Internet video to home modem users and reduce storage and download-time requirements for all users, including those with broadband connections. 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 US OTCBB: USVO; Trading symbol on The Canadian Venture Exchange: US. Standard & Poors Listed. CUSIP 902924208; USA Video, USA Video Interactive, Video-On-Demand and Video Yellow Pages are trademarks of USA Video Interactive. 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: Tony Castagno, Media Relations, 860-572-1560; Kevin Yorio, Investor Relations, 860-572-1560; .

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.

Last Updated ( Tuesday, 05 December 2006 )