SOURCE: USA Video Interactive Corp.

June 10, 2008 09:00 ET

USA Video Interactive Corp. (OTCBB: USVO; TSX: US) at Gilder/Forbes Telecosm Conference

USVO Presents Anti-Piracy Technology, Sponsoring Panel -- TELECOSM 2008 "The Exaflood: Managing the Coming Digital Deluge"

NIANTIC, CT--(Marketwire - June 10, 2008) - USA Video Interactive Corp. (OTCBB: USVO) (TSX-V: US) (BERLIN: USF) (FRANKFURT: USF) co-sponsored the 12th Annual Gilder/Forbes Telecosm Conference, Telecosm 2008: The Exaflood. Event hosts George Gilder, Steve Forbes, and Forbes publisher, Rich Karlgaard, were joined by the world's leading scientists, engineers, technology executives, entrepreneurs and public policy decision makers to promote investment in innovation.

For three days, Telecosm 2008 hosts, speakers and attendees debated, discussed, decoded and deciphered the digital and communications technologies and policies vital to the build-out of the global Internet infrastructure, the next phase of which is estimated to entail total new investments of some $137 billion worldwide by 2010. The conference was attended by 250-300 senior VP and C-level executives, engineers, strategists, technologists, sales representatives, serial entrepreneurs and government representatives, as well as business leaders from technology and communications companies, institutional investment advisors, and high-net-worth private investors, accompanied by media and trade press and leading public policy officials.

The conference was a great opportunity for USVO to present its anti-piracy technology and business proposition. For USVO's story to break through, USVO committed to sponsoring the title panel "The Exaflood: Managing the Coming Digital Deluge." Moderated by Bret Swanson, Policy Fellow at the Progress & Freedom Foundation who has coauthored articles with Gilder on the Exaflood, the panel also featured Bob Metcalf, co-inventor of Ethernet; Joe Weinman, VP of strategy at AT&T; Lane Patterson, CTO of Equinix -- the company that supports Hulu, a Fox and NBC joint venture in online content; and Johna Till Johnson, founder of IT analyst firm Nemertes Research. VoIP pioneer, Tom Evslin, was the panel 'commentator.'

USVO's story, in contrast to the physical infrastructure that preoccupies most of the discussion of the next phase of Internet expansion, is about technology addressing the fundamental need in business for trust. USVO highlighted the fact that the most visible and profitable content distribution companies in the world are missing out on the benefits of digital technology, and that our SmartMark™ technology is an enabler that can be a key part in changing this.

The panel discussed the coming Exaflood -- a George Gilder coined term that anticipates Internet traffic will multiply fifty times by 2015. The panel was set up by Andrew Odlyzko, Digital Technology Center, University of Minnesota, who presented measurements of current demand that questioned the Exaflood's premise. This led to a lively discussion that fed well into USVO's message that the motion picture industry has immediate need for more bandwidth, and a security strategy that will let it turn that bandwidth into high value transactions. The USVO team then had a forty-five minute breakout opportunity to discuss USVO's value proposition.

The highlights of the overall conference were many, but the level of economic analysis, technical insights, and revelations in a wide variety of technical and investment areas was world class, and it was a major landmark in USVO's evolution to be marketing at this level.

For further information about the market USVO is focused on with its anti-piracy products, please go to: http://blog.usvo.com/.

About Gilder/Forbes Telecosm:

For twelve years, the Gilder/Forbes Telecosm Conference -- the world-famous technology conference hosted annually by George Gilder and Steve Forbes -- has been recognized as one of the most prestigious venues in the world for breaking information on breakthrough technologies and forward-thinking companies and investment strategies. It is an exclusive gathering of engineers, entrepreneurs, investors, public policy decision makers, and the top thought leaders and business executives from the world's leading technology and communications companies. Website: http://www.telecosmconference.com/

About USVO:

USA Video Interactive Corp. ("USVO") designs and markets technology for delivery of digital media. USVO developed its MediaEscort™, MediaSentinel™ and SmartMark™ 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 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.

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.

MediaEscort, 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.

The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.

Contact Information

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    (860) 739 - 8030