IDM AND USA VIDEO INTERACTIVE SIGN JOINT MARKETING AGREEMENT
Thursday, 05 August 1999
BOTH COMPANIES TO MARKET WAVELET-EQUIPPED DIGITAL ENCODING SYSTEMS

MYSTIC, CONNECTICUT - USA Video Interactive and Independent Digital Media have signed a joint marketing agreement to integrate USA Video Interactive’s Wavelet technology into IDM’s digital editing systems and market these systems to commercial broadcasters and other customers who require state-of-the-art capabilities.

"Streaming video content on the web is exploding with force," said Chris Hendrick, Vice President of Sales for IDM. "With USA Video Interactive, we are creating the first professional video editing system for the web."

"We have been consistently impressed with the quality of the IDM system we’re using to digitize videos for our clients," said Edwin Molina, President of USA Video Interactive. "Partnering on this agreement to jointly market our systems provides a very real advantage to broadcasters and other companies planning to create a video presence on the Internet."

IDM is a full service designer and provider of high-quality, real-time, non-linear digital editing equipment. Headquartered in New York City, IDM provides services to major broadcast facilities including ABC/Disney and Fox News; post-production facilities including Jim Henson Productions; and corporate clients including Lucent Technologies.

USA Video Interactive is an international designer and supplier of high-tech Video-on-Demand™ systems, services and solutions. USA Video Interactive has strategic alliances with UUNET, an MCI/WorldCom company and the world’s largest internet provider; SeaChange International, suppliers of NT-based broadcast servers; Motion, Inc, a full-service video and film production company; AGC/United Learning Educational Media, Phoenix Learning Group, and Lucerne Media, three of the world’s largest educational video libraries with more than 10,000 titles in current use; Fraunhofer/CRCG, an international research and development company primarily in computers and graphics; and others. Merging Rivers Media is USA Video Interactive’s West Coast subsidiary, focused on providing the USA Video Interactive technology and full advertising-agency services to the entertainment industry.

The USA Video Interactive technology allows users to view streaming video or to access digitized video libraries, including movies, sports, other entertainment, educational resources, corporate training seminars and other archives. The USA Video Interactive technology gives users full-motion video; the unique flexibility of standard, VCR-like controls of play, fast forward, reverse and pause; and the convenience of a standard internet-browser format for access. USA Video Interactive can utilize MPEG-1, MPEG-2 or MPEG-4 compression techniques but prefers its Wavelet compression technology. The USA Video Interactive Wavelet technology allows direct streaming and download and play options; 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. An essential feature of the USA Video Interactive technology is that it allows extremely high compression ratios while retaining broadcast quality.

Video-On-Demand™ and Video Yellow Pages™ are trademarks of USA Video.

CONTACTS

Tony Castagno
Media Relations
(800) 625-2200
(860) 572-1560

Kevin Yorio
Investor Relations
(800) 625-2200
(860) 572-1560

The Alberta Stock Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.

Last Updated ( Tuesday, 12 December 2006 )