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. For Second Quarter 2000, gross sales in the Marine Division were an estimated $1.49-million, up 410% over the same period in 1999.
With its SecureView (tm) products, the company developed a new methodology, the Induction Radio Frequency System (IRFS) for transmitting high-definition video around existing wiring (240-, 120-, and 12-volt). SeaView holds or has under license over 17 patents protecting the proprietary rights to this technology.
SeaView trades under the OTC BB symbol SEVU, and has applied for a listing on the American Stock Exchange (the symbol STV has been reserved).
Sales Projections for years 2000 and 2001:
2000 2001
Projected Gross Sales $46,500,000.00 168,000,000.00
Projected Total Expense $24,850,000.00 55,400,000.00
Projected Net Pre-Tax $21,650,000.00 112,600,000.00
WOW---LOOK AT THOSE PROFITS. are you sure this company isn't going to make it. i mean--that was reported in July.
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