Lies!: SeaView CEO Bernardich Recaps First 100 Days
(FG 666 You fricken pussy, exlcuding moi on your "will the SEVU crap ever rise again? thread."
Business Editors/High Technology Writers
ST. PETERSBURG, Fla.--(BUSINESS WIRE)--May 31, 2001--George S.
Bernardich III, CEO of SeaView Video Technology, Inc. (OTCBB:SEVU)
(www.sevu.com) today released the following statement: "It has now
been 100 days since Mike Ambler and Doug Bauer joined me on the
SeaView team, in late February. One hundred days ago, I said our
direction would be simple, focusing first on sales. The list of retail
partners for our SeaView and SecureView products has grown, and will
continue to grow, as our team of sales representatives work to
finalize all of the details necessary to conduct business with these
major partners. There are hundreds of details regarding merchandise
assortment, space planning, open-to-buy, custom packaging, delivery
logistics, EDI communications, advertising and more. These retail
partners will provide the sales growth basis for SeaView both now and
in the future.
"One of our retail partners, SkyMall, Inc., is ready for the
launch of our products in the summer edition of their catalog --
selling to approximately 1.3 million passengers per day. We have been
told we can expect to begin fulfilling orders as early as
June 15, 2001. In addition, we will be featured on their internet site
(www.skymall.com) on a rotating basis in the 3rd quarter.
"Interest continues to grow for our SecureView Parking Lot
Surveillance Package. In addition to the major retailer for whom we
have completed site surveys and a proposal, all of the 'Top 5'
retailers have requested the presentation and samples for review. The
entire system is economical and user-friendly, while including
state-of-the-art SecureView patented IRFS technology, software, and
24 hour digital computer recording. And, our newest advancement is the
ability to expand the system up to 32 cameras.
"Continuing on the sales front, next week begins our direct-mail
launch of SecureView to the 446,000 Bar and Restaurant establishments
in the State of Florida. On average direct mail produces a response
rate between .5% and 1%. The success of this initial mailing will
determine our expansion into this market across the United States.
"Based on these sales initiatives, we obviously accomplished
another goal set forth 100 days ago -- the finalization of SecureView
production and the initial shipping of backorders. Production and
shipping of the initial 20,000 SecureView systems is currently on
schedule.
"I would also like to introduce the newest product addition to the
SeaView Marine Division line. SeaMaster 600 utilizes new camera
technology developed for SeaView, giving us the first underwater
camera with single-chip integration of both color and
infrared-enhanced black-and-white imaging. SeaMaster 600 switches
seamlessly between the two formats, automatically, in response to
lighting conditions. Another benefit is user-controlled digital zoom
using the latest in DSP technology. SeaMaster 600 will be offered in
our 'offshore series' form factor and will eventually replace our
TwinCam at the top of the Marine line.
"In closing, I would like to acknowledge the efforts of the entire
SeaView Team over the past 100 days, and express my appreciation for
all the hard work they have done to make it happen."
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. |
