8-K 1 doc1.txt FORM 8-K -------- UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC 20549 FORM 8-K CURRENT REPORT PURSUANT TO SECTION 13 OR 15(D) OF THE SECURITIES EXCHANGE ACT OF 1934 DATE OF REPORT (DATE OF EARLIEST REPORTED) MAY 7, 2003 USA VIDEO INTERACTIVE CORP. (EXACT NAME OF REGISTRANT AS SPECIFIED IN ITS CHAPTER) ------------------------------------------------------ WYOMING 0-29651 06-15763-91 (STATE OR OTHER JURISDICTION (COMMISSION (IRS EMPLOYER OF INCORPORATION FILE NUMBER) IDENTIFICATION NO.) ---------------- ------------ ------------------- 83 HALLS ROAD, OLD LYME, CONNECTICUT 06371 (ADDRESS OF PRINCIPAL EXECUTIVE OFFICES) (ZIP CODE) ---------------------------------------- ---------- (860) 434 - 5535 REGISTRANT'S TELEPHONE NUMBER, INCLUDING AREA CODE NOT APPLICABLE (FORMER NAME OR FORMER ADDRESS, IF CHANGED SINCE LAST REPORT) ITEM 5. OTHER EVENTS AND REGULATION FD DISCLOSURE. On May 7, 2003, the Registrant announced that Maurice Loverso was appointed as a director of the Registrant and that Robert D. Smith had resigned as director in order to pursue other employment opportunities.. ITEM 7. FINANCIAL STATEMENTS AND EXHIBITS. Exhibit 99.1 News Release dated May 7, 2003. SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. USA VIDEO INTERACTIVE CORP. Date : May 7, 2003 By : /s/ Anton J. Drescher ---------------- ------------------------ ANTON J. DRESCHER, CORPORATE SECRETARY MAY 7, 2003 - OLD LYME, CONNECTICUT - USA Video Interactive Corp. (OTCBB: USVO; TSX: US; BSE/Frankfurt: USF; http://www.usvo.com) The Company is pleased to announce the appointment of Maurice Loverso to the Board of Directors of the Company. Mr. Loverso brings years of experience as a financial consultant to small- and mid-cap companies. "We are very pleased to welcome Mr. Loverso to the Board. His financial background will greatly assist us in our ongoing efforts to support the marketing efforts of the Company's Video-on-Demand, StreamHQ and DRM Technologies," said Edwin Molina, President. The Company would also advise that Robert D. Smith has tendered his resignation as a Director and Chief Operating Officer effective immediately, as he intends to pursue other employment opportunities that utilitize his military training and background. Edwin Molina said, "On behalf of the Board, I would like to thank Bob for all his efforts in overseeing the development and deployment of the StreamHQ project." ABOUT USA VIDEO INTERACTIVE CORP. USVO is a developer and supplier of Internet media delivery services, systems, and innovative end-to-end solutions. The Company developed 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, and Italy. For more information, visit www.usvo.com. USA VIDEO INTERACTIVE Corporate Headquarters Office: 83 Halls Road, Old Lyme, Connecticut, 06371 Telephone (860) 434 - 5535, 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 Edwin Molina (860) 434 - 5535; info@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. The TSX Venture Exchange (TSX) has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.