S.W, SEVUE appears to be a very interesting play... I did a little research...
and took a position... 10.3 Millions outstanding and 2.7 Millions shares in the Float... The CEO owns some 6.4 Millions and has been buying more... The Company was profitable in 1998, 1999 and expects to be VERY PROFITABLE in 2000... It's reporting and ready to file the necessary documents so that the "E" should come off soon...
biz.yahoo.com
SeaView Updates Filings, Sales Estimates...
ST. PETERSBURG, Fla., Dec. 14 /PRNewswire/ -- SeaView Video Technology Inc. (OTC Bulletin Board: SEVU SEVUE) citing above-average demand, today released estimated FY 1999 gross sales through the week ending December 10. CEO, Rich McBride, also affirmed progress on quarterly EDGAR filings, which should be ''current and up to date within the next few business days.''
Capsule figures:
FY 98 Gross Sales (audited) $635,485.58 Cost of Sales $ 149,354.93
FY 99 Gross Sales (estimated) $1,450,782.00 Cost of Sales $ 232,125.12
McBride notes, ''The introduction of our SecureView(TM) patent-protected 'Light Bulb Camera' should generate a huge increase in gross revenue for the year 2000. Just the initial sales contracts we're negotiating now, amount to a figure that passes the combined total of 2 years' gross sales in the Underwater Division.'' (See a SecureView sneak preview at www.seaviewresearch.com)
Jennifer Lawson, SeaView communications consultant, reports high call volume sparked by recent national TV exposure from the SeaView-Continental Airlines-sponsored fishing tournament, as well as a Key Product Highlight feature shot at last month's Ft. Lauderdale International Boat Show, both in multiple airings on ESPN.
The Underwater Division is heading for robust growth as well, says McBride. ''Right now, the majority of our underwater camera sales are direct response, mostly from magazine ads. Next year, SeaView will appear in marine retail outlets. We know from our boat show experience, that when customers can see and touch, we close over 80 percent!''
SeaView has also been contacted by the U.S. Department of Commerce, and invited to participate in sponsored trade shows overseas, particularly for commercial division products such as Well-Cam(TM) for the oil & gas industry.
website: www.seaviewresearch.com
email: sales@seaviewresearch.com
Investor Information: 727-866-3660 ext 207
This press release contains certain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, which are intended to be covered by the safe harbors created thereby. Investors are cautioned that all forward-looking statements involve risks and uncertainties, including, without limitation, the ability of SeaView Underwater Research Inc. to accomplish its stated plan of business. Although SeaView Underwater Research Inc. believes that the assumptions underlying the forward-looking statements contained herein are reasonable, any of the assumptions could be inaccurate, and, therefore, there can be no assurance that the forward-looking statements included in this press release will prove to be accurate. In light of the significant uncertainties inherent in the forward-looking statements included herein, the inclusion of such information should not be regarded as a representation by SeaView Underwater Research Inc., or any other person, that the objectives and plans of SeaView Underwater Research Inc. will be achieved.
SOURCE: SeaView Video Technology Inc.
Here is a description of the Product which I believe will have a TREMENDOUS SUCCESS in 2000 and should be sold through major retail store, including Home Depot...
seaviewresearch.com
And for what it's worth, I found out today it was also picked by:
profitpicks.com
Disclaimer: This is only my opinion, not a recommendation and no responsibility is accepted for errors or omissions... Potential investors should carry out extensive Due Diligence and only invest what they can afford to lose...
JMHO, F. Goelo + + +
PS: Ernest brought the stock to my attention but doesn't care much for the background color of the Website or the picture on the X'MAS card... |
