SeaView Hooks Trophy Angler, Costco ST. PETERSBURG, Fla.--
(BUSINESS WIRE)--May 23, 2001--SeaView Video Technology, Inc. (OTCBB:SEVU) (www.sevu.com) today announced two new retail partnerships for SeaView products. Jimmy Houston, a top angler in B.A.S.S. and other associations, (www.jimmyhouston.com) operates marine dealerships in the boating-intensive areas of northeast Oklahoma and northwest Arkansas, a travel division specializing in sport-fishing destinations, and a television production company. Houston, "The Cookson Kid," also billed as "America's Favorite Fisherman," hosts a weekly television show on cable network Espn2.
Ken Crolee, Director of Marketing for Jim Houston, Inc., said, "Jimmy Houston looks to establish a strong working relationship with Team SeaView, and grow as SeaView grows with their quality line of innovative products. Within this partnership SeaView products are to be sold in all of Jimmy Houston's stores by Father's Day. The first of 6 orders shipped today and the balance to follow in the next several days. In addition to selling SeaView products Jimmy's production crew will start filming their show with SeaView underwater video cameras, as early as next weekend.
Consumers can see the SeaView products in use on Jimmy Houston Outdoors and Jimmy's Outdoor World on Espn2." George S. Bernardich III, CEO, said, "I am extremely excited about the addition of Jimmy Houston, Inc. to Team SeaView. His television shows air 52 weeks per year and his Hall of Fame freshwater fishing status will greatly enhance SeaView's growth in the freshwater fishing market."
SeaView has entered the wholesale club arena with Costco Wholesale Corporation (Nasdaq:COST), the largest wholesale club operator in the United States. SeaView COO Michael A. Ambler announced that SeaView has been awarded a Costco vendor number. "This is the first and most critical step in the business relationship, and it has been in process for several months," Ambler stated. "A vendor number is required to do business with all of the major retailers in our market segmentation plan, as it is the basis to set up our EDI system for orders, shipping and invoicing. We currently have several vendor packages in process and I will announce those as we receive confirmation of those vendor numbers.
Costco is a key partner in the wholesale club market segment that will bring SeaView and SecureView products to its 30 million members via the internet and its 300 membership-warehouse stores."
Parking-lot security problems have been the subject of recent reports on CBS-TV's "60 Minutes." Over 2.3 million Americans were victims of theft in a parking lot or garage in 1999, according to US Statistical Tables. The SecureView R&D team fielded several requests for cost effective solutions to parking-lot surveillance.
Preliminary site surveys and equipment recommendations have been completed for a key mass-market retailer. Using SecureView patented IRFS technology, parking-lot cameras deliver video to TV monitors inside the store, where they can be seen both by customers and store security personnel.
"Smart" switchers and direct-to-disk recording equipment are options which integrate with a store's existing CCTV equipment. Costing dramatically less than other CCTV systems, SecureView installations are quickly achieved without additional wiring. Maintenance is also simpler, since local electrical contractors can replace the units instantly, simply by screwing in another "bulb."
ABOUT SEAVIEW VIDEO TECHNOLOGY INC.
SeaView Video Technology, Inc. manufactures, distributes, and sells marine, medical, and security-related video camera equipment. They are the largest manufacturer of Infrared Underwater Camera Systems. 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. SecureView DC(tm) uses the same principles to transmit live video through the electrical systems of vehicles, trucks, buses, ships, and railway rolling stock.
A version of IRFS capable of LAN/WAN data transmission over power lines has also been introduced. The Company's marine and security products are GSA listed. Its technology is covered under 14 patents granted and two patents pending.
SeaView trades under the OTCBB symbol SEVU.
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. --30--mk/mi* CONTACT: SeaView Video Technology, Inc., St. Petersburg J R Cox, 727/866-3660 email: info@sevu.com website: www.sevu.com Today's News On The Net - Business Wire's full file on the Internet with Hyperlinks to your home page. URL: businesswire.com (c) 2001 Business Wire |
