Business Editors
MYSTIC, Conn.--(BUSINESS WIRE)--Dec. 6, 2000
USA Video Interactive (OTCBB:USVO) (CDNX:US.) (www.usvo.com) has opened an office in the heart of Sydney, Australia in partnership with Wireless Video Technologies.com, a high-tech Australian company.
Located directly over The Australia Club, the new USA Video Interactive office will be overseen by William Scully-Power, founder of Wireless Video Technologies (www.wirelessvideotechnologies.com) and Executive Chairman of eBizExec (www.ebizexec.com ).
The office is being opened to meet the increasing demand in Australia and New Zealand for streaming video and video-on-demand services, and to serve as the headquarters for Scully-Power's marketing efforts in this field. "I am extremely excited about this partnership with USA Video Interactive," said Mr. Scully-Power. "This partnership allows Wireless Video Technologies to lead and deliver the best services and innovative end-to-end solutions in the streaming media arena throughout Australia and the Asia-Pacific region."
Noting that this alliance and office complement an earlier agreement with Civic Enterprises, Ltd. of New Zealand (See news release, September 8, 2000), USA Video Interactive President and CEO Edwin Molina said, "This agreement with Will Scully-Power and his companies to represent us further expands our presence in Australia and greatly improves our ability to serve our global clients particularly as we begin to introduce our services to maximize the next generation of the Internet for people and businesses worldwide. I have known William and Paul Scully-Power for many years and am very pleased to have them on our team at this critical point in our growth." The agreement with Civic enterprises is progressing well as the companies work together and with others to overcome infrastructure and bandwidth restrictions to bring Internet TV and other streaming video and video-on-demand services to the Pacific Rim.
About eBizExec
eBizExec is an emerging Australian hi-tech business consultancy built on the principle that innovation drives industry growth and emerging businesses catapult innovation by better connecting business and information technology. eBizExec's vision is to become a global leader with a reputation for best practice in business improvement consulting. eBizExec is lead by its Executive Chairman, William Scully-Power, who was just announced as a semi-finalist in the Young Australian of the Year 2000. He also serves on the Development Capital Investment Committee of the Australia Fund Limited and is a member of the technology sub-committee of Travel World Alliance Limited. William's father, Dr. Paul Scully-Power, serves as a director on the board of eBizExec and is Executive Chairman of Prime Solutions Pacific. A former astronaut, Dr. Scully-Power has been awarded the U.S. Navy Distinguished Service Medal, NASA Spaceflight Medal, Casey Baldwin Medallion of the Canadian Aeronautics and Space Institute, United States Presidential Letter of Commendation, US Congressional Certificate of Merit, United Nations Association Distinguished Service Award, Laureate of the Albatross (regarded as the Nobel Prize in the field of Oceanography), Order of the Decibel (the highest award in the field of Underwater Acoustics), and the University of Sydney Distinguished Graduate Award. He was recently honoured with Australia's highest aviation award, the Oswald Watt Gold Medal. Additionally, Dr. Scully-Power serves as Chairman of the Australian Civil Aviation Safety Authority, Chairman of the Australia Fund Ltd, Chairman of the Buran Space Corporation, Chairman of the natural products company Beta Carotene Investments Ltd, Chairman of the international business publishers Stroudgate Australasia, and a director of several public and private corporations. He is involved in many business and community groups including Councillor, Australian Institute of Company Directors; Councillor, Australian British Chamber of Commerce; Vice President, Antisubmarine Officers' Association; International Patron, Australian Aviation Museum; International Patron, Lawrence Hargrave Foundation; Patron, Royal Australian Navy Laboratory Association; Patron, Macquarie Bank Aero Club; Patron, League of Ancient Mariners; International Trade Committee, American Chamber of Commerce; and a Governor, Youth Off The Streets. Dr Scully-Power is the former Chancellor of Bond University, and was the first Chairman of the Queensland Science and Technology Council reporting directly to the Premier of that State. Prior to that he spent over twenty years in the United States of America, working for the U.S. Navy, NASA, the Pentagon, Lockheed Martin and the White House, where he headed the development of advanced communication systems as part of the White House National Technology Strategy Program. He held the Distinguished Chair of Environmental Acoustics, was Chairman of Membership of the Connecticut Academy of Science and Engineering, and was also President of the Fort Trumbull Federal Credit Union. Before going to America, he was the inaugural Head of the Oceanographic Group of the Royal Australian Navy. Dr Scully-Power was born and educated in Sydney, Australia. He earned a Doctor of Science degree and a Graduate Diploma in Education from the University of Sydney, and is a Fellow of the Royal Aeronautical Society, a Fellow of the Australian Institute of Company Directors, and is a Freeman of the City of London. He has published over ninety international scientific reports and journal articles. For more information, please visit www.ebizexec.com
eBizExec Corporate Headquarters: SYDNEY AUSTRALIA: Level 11, 167 Macquarie Street Sydney NSW 2000; Tel: +61 2 9221 1712; Fax: +61 2 9233 8807; Email: office@ebizexec.com; www.ebizexec.com
About Wireless Video Technologies
Wireless Video Technologies (www.wirelessvideotechnologies.com),a division of eBizExec, was founded by William Scully-Power to deliver streaming media solutions throughout Australia and the Asia-Pacific region utilizing the best in video compression technologies. Through its partnership with USA Video Interactive (www.usvo.com), in the United States, an international designer and supplier of high-tech Internet streaming video and video-on-demand systems, services and innovative end-to-end solutions, Wireless Video Technologies will be marketing and deploying USA Video's streaming media solutions, including the licensing of its pioneer patent for store-and-forward video, #5,130,792, which was filed in 1990 and issued by the United States Patent and Trademark Office on July 14, 1992. Wireless Video Technologies Corporate Headquarters: SYDNEY AUSTRALIA: Level 11, 167 Macquarie Street Sydney NSW 2000; Tel: +61 2 9221 1712; Fax: +61 2 9233 8807; Email: office@wirelessvideotechnologes.com ; www.wirelessvideotechnologies.com
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 patent for store-and-forward video, #5,130,792, was filed in 1990 and issued by the United States Patent and Trademark Office on July 14, 1992; it is considered a pioneer patent in the field of video-on-demand and Internet video. It has been cited by at least 141 other patents. In 1999, USA Video Interactive was awarded similar patents in England, France, Spain, Italy and Germany; the company has patents pending in Canada and Japan. The USA Video Interactive patented video technology gives users full-motion video; the flexibility of standard, VCR-like controls; 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. USA Video Interactive is nearing completion of a patented Wavelet compression technology that will further enhance the company's ability to deliver Internet video to home modem users and reduce storage and download-time requirements for all users, including those with broadband connections. 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. Standard & Poors Listed. CUSIP 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.
