Monday, 24 September 2001
Mystic, Connecticut, September 24, 2001 - USA Video Interactive Corp. (OTCBB: USVO; CDNX: US; BSE: USF; www.usvo.com) has signed a sales partnership agreement with Russo Media, a leading creative, production, and marketing company headquartered in Manhattan. The agreement, which is for three years, creates a new sales and marketing channel for USVO's products, including its new Zmail™ marketing and communications technology.
Russo Media's client list includes Accenture, Panasonic, Elektra Records, Slim Jim/Pemican's Rebelliache Tour, and General Mills. Russo Media's production division, Russo/Grantham Productions is a well-known and highly regarded provider of original music, having served the advertising industry in New York for the last thirteen years. Russo/Grantham's client list includes Xerox, IBM, Mercedes-Benz, Burger King, Sprint, Coca Cola, Diet Coke, Dr. Pepper, BMW, Panasonic, and Sony, amongst many others. Russo/Grantham Productions has just released "I Will Always Be There," a song dedicated as a memorial to the lives lost on September 11, and as a prayer for those among us, to be used as a source of inspiration and hope to carry on. "I Will Always Be There" can be accessed at www.russomedia.com.
"Our relationship with Russo Media places USVO's technology at the center of the world's advertising, marketing, and creative activity," said USVO's President and CEO Edwin Molina. "Russo Media has a very impressive list of accomplishments and contacts in the advertising, production, agency, and marketing arenas. We are extremely pleased to launch this partnership, and we look forward to the value it will bring to our clients and our shareholders."
Russo Media President John Russo, after a thorough evaluation of USVO's StreamHQ™ proprietary technology, and its Zmail™ video email application, stated "Russo Media recognizes the value of creating relationships with companies that have superior technologies. We are very impressed with StreamHQ™ and feel that it will be a very strong addition to our product offerings. We can best serve our clients by being vigilant and presenting them the best value for their business objectives. We intend to utilize the StreamHQ™ platform as one of the best streaming and data tracking tools available."
About Russo Media
Russo Media, a New York City-based company, provides interactive sales, consulting, affinity identification, production, data capture analysis, and other solutions designed to increase the effectiveness of Internet marketing and advertising, utilizing the innovative technology of rich media communication.
About USA Video Interactive
USVO is an international designer and supplier of high-tech Internet streaming video and video-on-demand 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 streaming media services. StreamHQ™ facilitates the transmission of digitized and compressed video to the user's desktop via multiple streaming modes that take advantage of the available connectivity. While competitive services 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 quality streaming, USVO gives customers media asset management tools and information that provide accountability and ROI (return on investment) 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 has tailored an initial deployment product, Zmail™, which uses StreamHQ™ to deliver rich media emails. Zmail™ leverages the diverse functional capabilities of this architecture to provide a value-added service to advertisers, as well as other business applications, such as corporate communications, consumer notices, and customer support. 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. V6C3N6. Trading Symbol on the OTCBB: USVO; Trading on The Canadian Venture Exchange: US. 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 ( Tuesday, 05 December 2006 )
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