SEVU, VERY BULLISH NEWS: SeaView, Shula Reach Agreement...
ST. PETERSBURG, Fla., Apr 3, 2000 /PRNewswire via COMTEX/ -- SeaView Video
Technology Inc. (OTC Bulletin Board: SEVU) announced today that retired Miami
Dolphins coach Don Shula will join the company as exclusive spokesperson for
SeaView and SecureView products. In a meeting last Friday between Shula and SEVU
CEO Rich McBride, Shula accepted the spokesman's role, and was invited to join
the SEVU Board of Directors. Shula and Mary Ann will fly to SeaView HQ this week
to finalize the agreement.
"Coach Shula is more to the Company than a source of endorsements," McBride
declared. "He is a strong source of direction, and a proven winner. I think he's
really looking forward to being part of Team SeaView." McBride said Shula was
"very impressed" with the SecureView product, which performed "flawlessly" at
Shula's Miami home. "The Coach was more than hospitable," said McBride. "He took
us to lunch at the club, followed by a golf-cart tour of the island."
SEVU's Marine Division booked sales in excess of $86,000 on Thursday, Friday,
and Saturday of last week, according to Dan Mehosky, Senior Vice
President-General Manager. "This shows the potential of the Underwater
Division," Mehosky said. A degreed Mechanical Engineer, Dan has worked in upper
management for several market-leading and highly-profitable manufacturing
companies.
National Sales Manager Larry Hoffman reports Military contracts with Logis-Tech
and the DOD are being drafted this week, and that plans now call for SecureView
cameras to be installed in US facilities in Europe as well as stateside. "We are
fielding daily requests for information, and growing DOD interest," he said.
"I'm looking for sales numbers of $20-million-plus."
On the R&D front, J. R. Cox announced a breakthrough in power supply design, "a
new prototype transformer for SecureView which will allow us to get away from
some weight and heat issues" considered hang-ups for retail sales. "It's a big
plus for the system."
"The retail demand is already there," stated McBride. "We want to offer the best
product at the best price. The first 100,000 manufacturing run is already spoken
for."
website: www.seaview.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 Video Technology Inc. to accomplish its
stated plan of business. Although SeaView Video Technology 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 Video
Technology Inc. or any other person that the objectives and plans of SeaView
Video Technology Inc. will be achieved.
SOURCE SeaView Video Technology Inc.
(C) 2000 PR Newswire. All rights reserved.
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CONTACT: J R Cox of SeaView Video Technology Inc., 727-866-3660, ext.
207, or e-mail, webmaster@seaviewresearch.com |
