¶ SeaView Breaks One-Day Sales Record Again: $530,000!!!
ST. PETERSBURG, Fla., Nov. 1 /PRNewswire/ -- SeaView Video Technology Inc.
(OTC Bulletin Board: SEVU) (www.sevu.com) again set a new one-day sales record
yesterday, according to General Sales Manager Christy Mutlu. "We picked up
True Value Hardware stores, plus the response to recent police and school
mailings gave us a big burst in orders this week. Monday hit $230,000 and
Tuesday set a new one-day record at $530,000. If we can keep up this
momentum, our sales goals for this year are looking closer every day. The
Marine Division should have a good fourth-quarter holiday sales period. New
advertising with Mike Ditka is in the works."
The company also has two major national sporting event sponsorships coming
up. November 16-19 is the Team SeaView APBA Offshore World Powerboat
Championships, followed by the Team SeaView Los Cabos Billfish Tournament in
Cabo San Lucas, Mexico, November 29 through December 2. Both events will be
nationally televised. The company also sponsors and competes in a number of
tournaments in Florida. The company's team recently took the second-place
trophy in the Tuna-Dolphin-Wahoo Tournament in Treasure Island, Florida.
Marine Division products made headlines in Nova Scotia recently when
SeaView dealer and professional diver Don Conrod located two submerged
aircraft near Berwick. "The first [was] a light plane that disappeared some
20-plus years ago," said Conrod. "The second was a World War II Hudson
bomber...there's been an extensive search for this bomber over the years.
This involves the Air Force Museum on the base not far from me; they have a
contract agreement with the CTV Television Network for a 30-minute
documentary." Conrod utilized a SeaView BW-150 coupled with a Trak-View GPS
overlay to locate the wrecks in over 50 feet of, in his words, "black
mineralized water." When they become available, images from the recovery will
be posted on the SeaView website.
CEO Rich McBride indicated the Company is awaiting confirmation of a major
contract through teaming partner Logis-Tech Inc. "We'll also begin
installation next week at a local National Guard armory, to test our new 8-
camera SecureView system," he said. "The successful conclusion of this test
will open the door for Logis-Tech to move forward on several hundred similar
installations next year. I think the biggest event of the year may be the
Taiwan contract. After three SecureView presentations to their military
command, we are patiently awaiting a final dollar commitment, any day now."
ABOUT SEAVIEW VIDEO TECHNOLOGY INC.
SeaView Video Technology, Inc. manufactures, distributes, and sells marine
and security-related video camera equipment for recreational and commercial
customers worldwide. They are the largest manufacturer of Infrared Underwater
Camera Systems. SeaView Marine Division products are now available through a
Dealer Network of over 800 retail store dealers.
SecureView, the Company's innovative "camera in a light bulb,"
incorporates proprietary IRFS (TM) technology to transmit live video through
the electrical wiring of any home, office, or building. SecureView installs
and sets up quickly and simply, eliminating expensive installation costs,
drilling and cables.
SeaView trades under the OTC Bulletin Board symbol SEVU, and has applied
for a listing on the American Stock Exchange (the symbol STV has been
reserved). Estimated 3rd Quarter 2000 sales increased 1400% over the same
period in 1999.
website: www.sevu.com
email: info@sevu.com
message board: www.investorshub.com (keyword: SEVU)
Investor Information: McBride & Associates, 727-820-0711
(www.rlmcbride.com)
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.
-0- 11/01/2000
/CONTACT: J R Cox of SeaView Video Technology, 727-866-3660, or
info@sevu.com/
/Web site: sevu.com
(SEVU) |
