[0] Inetcable.com and USA Video Interactive Establish Technology Partnership for Worldwide Deployment of Internet TV.Business Editors MYSTIC, Conn.--(BUSINESS WIRE)--June 26, 2000 Initial deployment to include 4,500 satellite-downlink systems starting this summer USA Video Interactive (NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on : USVO)(CDNX CDNX See Canadian Venture Exchange (CDNX). : US.)(www.usvo.com) and Inetcable.com (www.inetcable.com) have established a technology partnership for design and delivery of streaming broadcast video and live TV via the Internet. The contract states that USA Video Interactive will design a system that incorporates multicast video encoding, archiving and delivery as well as unicast video-on-demand(TM) utilizing USA Video Interactive technology and equipment via Inetcable.com's satellite network platform to Internet Service Providers Internet service provider (ISP) Company that provides Internet connections and services to individuals and organizations. For a monthly fee, ISPs provide computer users with a connection to their site (see data transmission), as well as a log-in name and password. and other users around the world. The initial deployment calls for USA Video Interactive to provide at least 100 satellite-uplink Internet channels and at least 4,500 satellite-downlink systems over the next three years, with deployment to begin this summer. "We're integrating the USA Video Interactive technologies into our systems to bring an almost limitless array of broadcast channels and other content to our customers," said Ted Boyle, President of Inetcable.com. "Joining this technology together with our global satellite provider opens the door to a whole world of choices covering virtually every interest and available in virtually any language." "Our partnering with Inetcable.com has helped us maximize the possibilities generated by the convergence of TV and the Internet," said Edwin Molina, President and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. of USA Video Interactive, announcing the partnership at the company's Annual Meeting in Providence, RI. "Integrating content and delivery in a unique and innovative system like this will set the stage and create the model for Internet TV (1) Watching TV programs on or from the Internet. There are countless video clips available on Web sites for streaming as well as subscription services that offer TV programs and movies for downloading. well into the future." The systems are based on a system demonstrated earlier this year at the North American North American named after North America. North American blastomycosis see North American blastomycosis. North American cattle tick see boophilusannulatus. Broadcaster's Association annual meeting in Florida. The concept behind the system is to avoid latency and other problems inherent in the Internet network itself by bypassing the "backbone" and delivering signals directly to ISPs. Live TV broadcast signals are routed to USA Video Interactive's WebcasterLive(TM) encoding engines where they are compressed using the latest state-of-the-art technologies, coupled with Inetcable.com's broadband viewer and caching software, then routed through USA Video Interactive Hurricane Mediacaster(TM) video servers to be broadcast via Inetcable's satellite distribution system. About Inetcable.com Inetcable.com is a convergence backbone and portal that uses the Internet to deliver high quality, full motion audio and video, to the worldwide population of Internet users. Inetcable.com delivers cable broadcast, cable specialty and pay per view services for broadband users in an effort to create the world's first Internet cable See cable Internet. television service. The Company's unique technology solution, industry relationships, and strategic partnerships will give it first mover advantage and put Inetcable.com in position to capture a significant portion of both North American and international market for streaming media See streaming audio, streaming video and digital media hub. . Though not publicly traded at this time, Inetcable plans an IPO (Initial Public Offering) The first time a company offers shares of stock to the public. While not a computer term per se, many founders, employees and insiders of computer companies have found this acronym more exciting than any tech term they ever heard. later this year. For more information about Inetcable.com, visit www.inetcable.com. About USA Video Interactive USA Video Interactive is an international designer and supplier of high-tech Internet streaming video A one-way video transmission over a data network. It is widely used on the Web as well as company networks to play video clips and video broadcasts. Computers in home networks stream video to digital media hubs connected to a home theater. and Video-on-Demand(TM) systems, services and innovative end-to-end solutions. The USA Video Interactive technology gives users full-motion video Video transmission that changes the image 30 frames per second (30 fps). Motion pictures are run at 24 fps, which is the minimum frequency required to eliminate the perception of moving frames and make the images appear visually fluid to the eye. ; 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. 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. For more information on USA Video Interactive, visit www.usvo.com. Inetcable Inc Inetcable Inc. Corporate Headquarters Office: 2211 Thurston Drive, Ottawa, Ontario, K1G 6C9, Canada. United States Office: Metropolitan Park West, 1100 Olive Way, Suite 1600, Seattle, Washington, 98121. 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 Trading symbol See: Ticker symbol on the US NBQ: USVO; Trading symbol on The Canadian Venture Exchange The Canadian Venture Exchange (CDNX) is now a defunct stock exchange having been acquired by the TSX Group in 2001 and renamed the TSX Venture Exchange. History of the Canadian Venture Exchange (CDNX) : US. Standard & Poors Listed. CUSIP CUSIP See: Committee on Uniform Securities Identification Procedures CUSIP See Committee on Uniform Securities Identification Procedures. 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. 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. |
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