Thursday, 22 April 1999
USA INTERACTIVE TO PURCHASE IDM SYSTEM FOR ENCODING
LAS VEGAS, NEVADA - Ronald L. Patton, Chief Operating Officer of USA Video Interactive is at the National Association of Broadcasters annual convention in Las Vegas for several meetings to demonstrate the USA Video Interactive Video-on-Demand™, encoding and compression technologies. In one of these showings, Patton has been requested by Independent Digital Media (IDM) to provide a private demonstration of the USA Video Interactive technology. He also will finalize arrangements for purchasing a system that integrates the IDM and USA Video Interactive technologies to support USA Video Interactive's digitization of content using its Wavelet, MPEG-1 and MPEG-2 technologies.
"We wish to create a fully functional editing system for Intranet and Internet broadcasting," said Chris Hendrick, VP of Sales for IDM. "By combining USA Video Interactive's technology with our Discreet Edit™ system, we wish to enable broadcasters the ability to share their work globally."
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.
Video-On-Demand™ and Video Yellow PagesTM 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 )
Email Subscription
Keep yourself updated with our FREE newsletters!
Your Email:
Your Email:


