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Four Bollywood Production and Distribution Companies to Use Usvo'sMediaSentinel Anti-Piracy Product
NIANTIC, CT., Apr 17, 2008 - Four production and distribution companies in
Bollywood, the world's largest film and entertainment industry, based in
Mumbai, India, will begin using USA Video Interactive Corp.'s (OTCBB: USVO)
(CDNX: US.V) (Berlin: USF.BE) (Frankfurt:USF.F) unique digital
watermarking product, MediaSentinelT, to thwart piracy domestically and
internationally. The four companies will begin using MediaSentinelT through
PIO TV Pvt. Ltd. (www.pioTV.com ), India's only
digital integrated media platform company.
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Munish Gupta, Chairman & CEO of PIO TV, announced today that in continuation
of PIO TV's use of MediaSentinelT, his company was now working with leading
production and distribution studios in Mumbai: Prachar Communications Ltd.,
Time Multimedia Pvt. Ltd., Baba Films Ltd., and Gold Entertainment Pvt. Ltd.
Together these four companies, two of which are public companies, control
thousands of feature films that they produce, acquire the rights of, and
distribute, including hundreds of hours of television content.
Speaking on behalf of the four companies, Managing Director of Prachar
Communications Ltd., Mr. Ratan Jain, said a solution like MediaSentinelT
"was long awaited." India and the overseas market for Bollywood are "fraught
with piracy that causes billions of dollars in lost revenues." Jain added
"for years we have wondered how to combat this (piracy) menace and bring in
more revenues to produce and distribute more and better films. The biggest
issue facing us is how to deter pirates and produce evidence for law
enforcement to help us shut down pirates. MediaSentinelT has provided us the
means to that end." Jain said he and his associates were convinced the
MediaSentinelT, digital watermarking product from USVO for offline use, and
MediaEscortT, now deployed by Twentieth Century Fox Home Entertainment in
Hollywood, for online use, represent "a turning point for the protection of
our copyright content. It makes tremendous sense to use this technology to
digitally watermark a full length feature film and the cost is very
economical versus the tens of thousand of dollars lost to piracy."
"For four years we've been hard at work establishing ourselves as a player
in anti-piracy technology to the film industry," stated Edwin Molina, CEO of
USVO. "We're building momentum as this month we announced a deal with
Twentieth Century Fox Home Entertainment. And now through our relationship
with PIO TV, we're beginning to establish ourselves in Bollywood too,
starting with these four production houses."
The four Bollywood production and distribution houses will begin using the
PIO TV deployed MediaSentinelT workstation currently installed at Prachar
Communications' office in Ville Parle, Mumbai, India. For further
information on USVO's relationship with PIO TV, please see USVO's press
release dated February 21, 2008.
About USVO:
USA Video Interactive Corp. ("USVO") designs and markets technology for
delivery of digital media. USVO developed its MediaEscort(TM),
MediaSentinel(TM) and SmartMark(TM) digital watermarking products and
technology to provide a robust means for producers and distributors to
invisibly protect their content. USA Video Technology Corp., a wholly owned
subsidiary of 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 http://www.usvo.com .
USA Video Interactive Corporate Headquarters Office: 8 West Main Street,
Niantic, Connecticut, 06357 Telephone (860) 739 - 8030; Facsimile (860) 739
- 8070; 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 (860) 739 - 8030 or
contact@usvo.com
USVO is a featured Company on DigitalMediaStocks.com
and TechSectorStocks.com
For full details, click here:http://www.DigitalMediaStocks.com/CO/USVO/Default.asp
Contact:
USVO Investor Relations Contact:
(860) 739 - 8030
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IThe 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.
IMediaEscort, MediaSentinel and SmartMark are trademarks of USA Video
Interactive Corp. The names of actual companies and products mentioned
herein may be the trademarks of their respective owners.
IThe TSX Venture Exchange has not reviewed and does not accept responsibility
for the adequacy or accuracy of this release.
InvestorIdeas.com Disclaimer: Issuers of press releases are solely responsible for the accuracy of the content.
Source: USA Video Interactive Corp.
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