Thursday February 3, 9:05 am Eastern Time
Company Press Release
SeaView Video Technology Inc: General Electric to be
Parts Supplier
ST. PETERSBURG, Fla.--(BUSINESS WIRE)--Feb. 3, 2000--SeaView Video Technology Inc (OTC BB: SEVU - news)
today confirmed General Electric Corporation (NYSE: GE - news) will supply PAR-38 housings and lenses for the ``light bulb
camera,' SecureView(tm), now near Stage Two completion.
In a closed-door weekend session, the SecureView R&D team overcame the last design hurdle, a downsized power supply.
Select buyers for retail chains should receive evaluation samples before month's end. A rapid move into manufacturing is
expected.
``Buyers for retail need to see what they're selling,' says CEO Rich McBride. ``The PAR package is important for banks and
schools, who need a system that blends in.' The current SecureView, based on a larger Philips floodlight housing, will phase
out of production once the PAR package is available.
Retailing discussions are underway as well with a top mail-order company and a retail pharmacy chain. ``It fascinates me, this
twofold interest,' says McBride. ``They want to sell the cameras, plus use them as part of their own in-store security.'
The infomercial seen at the recent Stockholders' Meeting will be finalized and scheduled for broadcast in April. Preceding the
TV blitz is a series of teaser ads in the Wall Street Journal and USA Today, as early as mid-February. Says Marketing
Consultant Jennifer Lawson: ``We're well-known in the marine industry, unknown in the security industry. So it's
consciousness-raising, and of course we'll display our trading symbol, since we're relatively unknown in the investment
community.'
McBride adds: ``In my many visits and presentations to Wall Streeters, brokers are always saying they want to buy a
SecureView camera...they're pulling out the checkbook. Investors as a group are a major market segment for the product.'
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. |
