Thursday, 10 January 2002
Mystic, Connecticut, January 10, 2002 - USA Video Interactive (OTCBB:USVO; CDNX: US; BSE/Frankfurt: USF; http://www.usvo.com) has signed a sales and marketing partnership agreement with Ministry of Media GmbH http://www.ministry.de, a leading web advertising agency, media consulting and technology provider, and production and marketing company headquartered in Hamburg Germany. The agreement creates a new sales and marketing channel for USVO's products and services. Ministry of Media GmbH's client list includes Warner Brothers, MTV Europe, Deutsche Bank 24, Bertelsmann AG and Deutsche Bahn AG.
"Our relationship with Ministry of Media GmbH provides USVO a strategic position from which to build our sales activity in Germany, and then in other European markets," said USVO's President and CEO Edwin Molina. "We are confident that this partnership represents a new and important step in fulfilling the global promise and potential of our StreamHQ™ architecture and our Zmail application."
"USVO's sophisticated Internet media solutions provide us with a competitive advantage, and with new potential for establishing our company as a leader in its core businesses," said Ministry of Media GmbH Managing Director Marco Luschnat. "The cost effectiveness and market intelligence of USVO's Zmail application will help us succeed in the quickly expanding marketplace for digital media services."
About Ministry of Media GmbH
Ministry of Media GmbH, a Hamburg Germany-based company provides digital advertising, media consulting, media production, web design, and creative services. Through a synthesis of these strengths and capabilities, Ministry of Media GmbH helps its customers achieve success in the digital marketplace, with an emphasis on the individual needs and requirements of each customer's business model.
About USA Video Interactive (USVO)
USVO (OTCBB: USVO; CDNX: US; BSE/Frankfurt: USF; www.usvo.com) is a developer and supplier of Internet media delivery services, systems, and innovative end-to-end solutions. The company has developed its StreamHQ™architecture to provide a wide range of business customers with value-added content delivery services. StreamHQ™ facilitates the transmission of digitized and compressed video to the user's desktop via multiple modes that take advantage of the available connectivity. While competitors take a "one-size-fits-all" streaming approach, StreamHQ™ brings unique value propositions to individual vertical markets with functionality designed specifically for those markets. Beyond high quality content delivery, USVO gives its customers media asset management tools and information that provide accountability and return on investment (ROI) for their streaming expenditures. StreamHQ™ encompasses a range of end-to-end services from source to viewing, including content production, content encoding, asset management and protection, media and application hosting, multi-mode content distribution, and transaction data capture and reporting. 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.
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;
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 ( Thursday, 16 November 2006 )
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