SEVU Press Release: SeaView Shareholders Meet, Show Support...
ST. PETERSBURG, Fla., Jan. 25 /PRNewswire/ -- SeaView Video Technology
Inc. (OTC Bulletin Board: SEVU) sent more than 180 attendees home from the
company's annual meeting this past weekend, after an affirming vote
unanimously reinstated the current Board of Directors and President/CEO Rich
McBride. Shareholders also endorsed the official re-naming of the company to
"SeaView Video Technology Inc."
Highlights included an open house of the SEVU corporate headquarters, with
a display of fully operational products from underwater cameras to the newest
"light bulb camera," SecureView.
Many attendees were amazed at the high-quality video and zero-light
performance of the underwater cameras, but the new screw-in security camera
was by far the brightest star of the show. As McBride introduced the product
as a "hands-on look at the future," the camera-bulbs were connected to the
hotel's light sockets, with crisp clear pictures instantly appearing on TV
sets distributed around the premises, in both black-and-white and color.
The audience was captivated by a "first cut" playback of the SecureView
direct-response TV commercial and gave the piece a huge round of applause.
The commercial was generated in-house by the company's media and creative
department. "We have our own graphics and television production facility,"
McBride commented. "We do our own web design, even printing is done here.
That gives us complete control, and we can make changes in minutes, rather
than weeks."
SecureView TV marketing will move forward, said Marketing Consultant
Jennifer Lawson. "Direct response marketing educates the consumer and
establishes a retail price point. We'll be ready then to prepare for mass
merchandising requirements. Retailers are wanting the downsized GE-bulb
product which is now near completion and testing."
The company announced that the next round of testing will involve two
Sheraton Hotel locations in the greater Ft. Lauderdale area, and that a major
bank will sign up for a test program in the near future.
The company's government liaison, Col. Larry Hoffman (Ret.), outlined a
very positive strategy for quickly securing government contracts. SeaView
currently sells product to the Coast Guard, U.S. Customs, and the EPA, in
addition to hundreds of state and local law enforcement agencies.
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.
-0- 01/25/2000
/CONTACT: J R Cox of SeaView Video Technology Inc., 727-866-3660,
ext. 207, or webmaster@seaviewresearch.com/
/Web site: seaviewresearch.com /
(SEVU)
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