First Serve and USVO Sign Marketing Agreement
USA Video Interactive Corp is pleased to announce that it has signed a formal sales and marketing agreement with First Serve International, LLC ("First Serve"). This is in accordance with the memorandum of understanding that was signed by USVO and First Serve in May.
Old Lyme, CT (PRWEB via PR Web
Direct) September 7, 2005 -- USA Video Interactive Corp. (OTCBB: USVO; TSX:
US; BSE/Frankfurt: USF), is pleased to announce that it has signed a formal
sales and marketing agreement with First Serve International, LLC ("First
Serve"). This is in accordance with the memorandum of understanding that was
signed by USVO and First Serve in May.
"We feel that USVO’s MediaSentinel
product provides for a very strong deterrence and tracking tool against the
menace of piracy and the billions of dollars lost to it," said Vijay Amritraj,
Chairman, First Serve International. First Serve has begun introducing
MediaSentinel to post-production and production companies and studios around the
world, especially in the Asia-Pacific and the Middle East where it has exclusive
rights to market the digital watermarking tool.
"For our company to have
developed a strong foundation to enter the market through First Serve is a
significant milestone for USVO. This allows us access to several regions of the
world which are plagued with piracy issues," said Edwin Molina, President, USVO.
"With this formal agreement completed, we can move forward together to market
MediaSentinel."
First Serve has a highly experienced executive team
consisting of Vijay Amritraj, Edward Borgerding and Munish Gupta. Vijay Amritraj
is a tennis legend, successful actor, entertainment entrepreneur, television
commentator and United Nations Messenger of Peace. Mr. Amritraj maintains
diversified global interests in media, sports and entertainment businesses. His
commercial ventures have included consulting relationships and collaborations
with multi-national giants such as ESPN, News Corp., The Walt Disney Company,
Grey Advertising, AT&T, MCI, American Express, Citibank, HSBC, British
Airways Northwest Airlines, Spaulding, Puma and Prince. Ed Borgerding spent 20
years with The Walt Disney Company, most recently as Executive Vice President
for Walt Disney International – Asia Pacific with overall responsibility for
Disney’s extensive business interests in that region, including all studio
divisions, consumer products, ABC Television and theme parks. Munish Gupta is an
accomplished former journalist, and over a 19-year period, has founded and
operated several successful news and media companies in India and the U.S.
MediaSentinel is an anti-piracy device that embeds
"SmartMarks"—invisible forensic information in every frame of video
content—providing the proof courts need to convict the individuals who steal the
original material, thereby protecting intellectual property rights. Its use by
producers and distributors of film and television content allows unprecedented,
secure access to a wide range of distribution markets and methods which
otherwise represent a significant piracy risk. As part of the agreement, First
Serve has the rights to market and sell MediaSentinel on an exclusive basis in
Asia, including Japan, Australia, New Zealand and the Middle East.
About
First Serve International, LLC ("First Serve")First Serve International, LLC is
a California based company with offices in Los Angeles, London, U.K. and India,
which produces and distributes motion pictures and television programming. First
Serve also offers consulting and marketing services to media companies, markets
media related products and as well engages in related businesses such as
consumer products licensing. Besides its well-known Chairman, Vijay Amritraj,
First Serve’s management includes its CEO, Edward Borgerding, a former senior
executive of The Walt Disney Company, and Senior Vice President, Munish (Max)
Gupta, a well-known Asian-American journalist turned entertainment entrepreneur.
About USVO:
USVO is a developer and supplier of internet media
delivery services, systems, and innovative end-to-end solutions. USVO developed
its MediaSentinel digital watermarking technology and its StreamHQ architecture
to provide a wide range of business customers with value-added media delivery
services. 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 165 other patents. USVO holds similar
patents in Germany, Canada, England, France, Spain, Italy and Japan. For more
information, visit www.usvo.com.
USA Video Interactive Corporate
Headquarters Office: 83 Halls Road, Old Lyme, Connecticut, 06371 Telephone (860)
434 – 5535 x125 Facsimile (860) 434 - 5782; Canada Office: 507 – 837 West
Hastings Street, Vancouver, BC V6C 3N6. Trading symbol on the OTCBB: USVO;
Trading symbol on the TSX Venture Exchange US; Trading symbol on the Berlin and
Frankfurt Stock Exchanges: USF. CUSIP 902924208. For more information contact
Blue-Sky Solutions, LLC, Stephanie Soleas, (877)4-BLUE-IR, e-mail protected from
spam bots
First Serve International, LLC Corporate Headquarters Office:
16555 Sherman Way, Suite A, Van Nuys, California 91406, USA. Telephone (818)
988-5299; Facsimile (818) 988-5812; Email: e-mail protected from spam bots
London Office: Bournebridge House, Ascot Road, Holyport, Berkshire SL62JB, U.K.
Telephone: +44-(01628) 621-410, +44-7768 696913
The press release may
contain forward-looking statements. Actual results may differ materially from
those projected in any forward-looking statements. Investors are cautioned that
such forward-looking statements involve risk and uncertainties, which may cause
actual results to differ from those described.
The TSX Venture Exchange
has not reviewed and does not accept responsibility for the adequacy or accuracy
of this release.
This press release distributed by PRWEB (www.prwebdirect.com), a
service of eMediaWire.
For Investor Relations Contact:
Stephanie
Soleas
(877)4-BLUE-IR
877-425-8347
www.usvo.com
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Source : http://www.prweb.com/releases/2005/9/prweb282184.htm