[0] USA Video Interactive Names Robert D. Smith, Jr. As New Chief Operating Officer.Business/Technology Editors MYSTIC, Conn.--(BUSINESS WIRE)--Aug. 22, 2000 USA Video Interactive Corporation (NQB NQB National Quotation Bureau, Inc (now Pink Sheets) : USVO; CDNX CDNX See Canadian Venture Exchange (CDNX). : US; www.usvo.com) today announced the appointment of Robert D. Smith, Jr., as Chief Operating Officer Chief Operating Officer (COO) The officer of a firm responsible for day-to-day management, usually the president or an executive vice-president. . Smith was formerly a vice president at Sonalysts Inc., of Waterford, Connecticut, where, for 22 years, he helped build the company into a $50 million, nearly 500-person international corporation with a diverse line of high-technology services and products. His areas of expertise include corporate strategies and goal implementation, personnel and contract management, technical project planning and execution, budgeting, software design and development, and customer relations. He also shared in the Academy Award for sound effects in the Paramount film "Hunt for Red October." "Bob's combination of technical expertise, solid executive and managerial accomplishment, clear commitment to the company's mission, and proven ability to organize teamwork in the attainment of profitable goals will enable him to excel as chief operating officer," 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. "We are very excited to welcome him aboard as we begin the next phase in our rapid growth, bringing the highest quality streaming video and Internet TV to an ever-larger worldwide audience." Smith graduated with distinction from the U.S. Naval Academy, where he was a Trident Scholar and earned a B.S. degree in oceanography oceanography, study of the seas and oceans. The major divisions of oceanography include the geological study of the ocean floor (see plate tectonics) and features; physical oceanography, which is concerned with the physical attributes of the ocean water, such as and engineering. He served in a variety of officer positions in the nuclear submarine Navy prior to leaving active duty. Concurrent with his employment at Sonalysts, he continued to serve in the Naval Reserve, having recently retired with the rank of Captain. Assignments included commanding officer, chief staff officer, executive officer, and other senior management positions. He has pursued graduate-level studies in operations research operations research Application of scientific methods to management and administration of military, government, commercial, and industrial systems. It began during World War II in Britain when teams of scientists worked with the Royal Air Force to improve radar detection of and computer science at the University of New Haven The University of New Haven is a private, comprehensive, coeducational university located in suburban West Haven, Connecticut that was originally founded in 1920 as the New Haven Junior College (a division of Boston's Northeastern University). . Smith begins his new position on September 5. He succeeds William Meyer, who has resigned. About USA Video Interactive USA Video Interactive is an international designer and supplier of high-tech Internet streaming video and video-on-demand systems, services and innovative end-to-end solutions. 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. 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. 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 and USA Video Interactive 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. For more information contact: Tony Castagno, Media Relations, 860-572-1560; Kevin Yorio, Investor Relations Investor relations The process by which the corporation communicates with its investors. , 860-572-1560; info@usvo.com 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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