USA Video Interactive Signs $1MM Contract to Provide Internet Video Equipment and Services in China
Thursday, 14 September 2000
International Expansion of USA Video Interactive Continues
SEPTEMBER 14, 2000 - MYSTIC, CONNECTICUT -- USA Video Interactive (OTCBB: USVO; CDNX: US; www.usvo.com) has been selected by T.W. SVOD Information and Technology Co., Ltd. of Shenzheng, China to provide at least 50 Hurricane MediacasterT Servers and its video technology and expertise over the next two years in a contract worth approximately one million dollars. The initial order has been delivered and technicians from USA Video Interactive spent the past week in China demonstrating the system and its capabilities. The contract also provides that USA Video Interactive will license its patents to SVOD and the companies will develop revenue sharing agreements that will generate additional revenues associated with the servers and with digitized content, advertising and other materials installed on or streamed through the servers in coming months and years.

SVOD is the sole supplier of video-on-demand systems to more than 60 clients and already has expressions of interests from thirty universities and thirty hotels for the USA Video Interactive systems. The systems will likely also be installed at several popular karaoke clubs in major cities in mainland China.

"After many months of analysis and review, we chose USA Video Interactive as our video partner because of the quality of their systems, their commitment to education, and their focus on family and social responsibility in use of the Internet, values which are very important to us and our clients in China," said Wei Yin, Chief Executive Officer of SVOD. "We expect this will be the start of a long and productive relationship between our companies that will bring significant benefits and advantages to our customers."

"This deployment in China is a very important part of our international expansion," said Edwin Molina, President and CEO of USA Video Interactive. "With China such a large and vital part of the world community, we are very pleased to work with a company like SVOD that is committed to bringing the highest quality video and video-on-demand to universities and hotels throughout the country. We also believe that this relationship will grow and strengthen in coming years, something that will help not only our companies but our countries as well."

About T.W. SVOD Information and Technology Co., Ltd.
SVOD is a leading provider of Internet services in mainland China and has been designated as the exclusive provider of these services to numerous universities and hotels. SVOD has three offices and distribution centers in China: one in Beijing, the capital; one in Shanghai, the financial center; and its headquarters in Shenzheng, the technology center. Overall, the company has approximately a hundred employees and representatives located in the key areas. Its website is www.svod.com.

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 on USA Video Interactive, 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 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; .

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Last Updated ( Tuesday, 05 December 2006 )