BULLISH SEVU NEWS: SeaView Coverage in Wall Street Reporter, Newsweek
ST. PETERSBURG, Fla., Feb. 17 /PRNewswire/ -- SeaView Video Technology
Inc. (OTC Bulletin Board: SEVU) today confirmed that Wall Street Reporter will
feature the company, and an interview with CEO Rich McBride, in a page-one
story March 1. Additionally, the publication's website
(www.wallstreetreporter.com) will stream the SecureView "rough cut" video for
web viewers as early as Monday, February 21.
"The Japanese edition of Newsweek will publish an article on SecureView,"
according to Jennifer Lawson, Marketing Consultant. "We were recently
featured in a Detroit paper, and in the Jerusalem Post. We're getting calls
every day from publications, radio stations, and TV. This is just the
beginning of the exposure, and the innovative nature of the SecureView product
is bringing the media to us."
The company recently received results from a market-research study,
purposed to the evaluation of SecureView's sales potential. Freedonia Market
Research Group reported sales of wired security-monitoring systems up
75 percent in the last five years, with dollar volumes rising from
$910 million in 1997, into the billions during the new millennium's first
decade. Video surveillance systems were number one on the list of products
purchased.
Median system prices in 1999 were in the $45,000 range, according to
Security magazine. The publication forecast the largest growth surge in the
next two years. Sectors cited for greatest growth include retail stores,
banks/ATMs, schools, property management, medical, day care, public
safety/traffic control, and law enforcement.
"The traffic control segment is huge," said Jennifer Lawson. "In fact,
the city of Clearwater [Florida] has asked for a meeting. With an increase in
output power and some dedicated phone lines, traffic monitoring would be
simple."
CEO McBride underscored the importance of SecureView to these markets.
"With the comparative simplicity of installation as opposed to conventional
wired systems, SecureView could dramatically change industry numbers. In the
balance of this year, we should see several hundred thousand units, with over
a million in 2001. We expect consumers to try it, then upgrade to multiple
cameras and decoders once they've evaluated the performance."
National Sales Manager Larry Hoffman added: "We're in touch now with all
the major retail chains, and they all want the new GE PAR-38 design for
evaluation. The sales numbers from our TV rollout will paint the picture."
A large number of homes now utilize alarm systems wired into outside
monitoring facilities, McBride said. "The new digital system is being
presented to two large home-security companies. It's simple to add video to
these types of systems. We've been approached by a major child-care center
operator. In that scenario, parents could dial-up a camera to check on their
child. Nursing homes will be next. And you'll even be able to monitor your
babysitter."
McBride reiterated the key points: "No wiring, simple installation,
quality picture, Internet capability, distance. Add in the $299 price point,
and it just doesn't get any better."
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- 02/17/2000
/CONTACT: J R Cox of SeaView Video Technology Inc., 888-727-3288,
ext. 207, or e-mail, webmaster@seaviewresearch.com /
/Web site: seaviewresearch.com /
(SEVU)
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