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To: Peter V who wrote (43746)	8/6/1999 2:07:00 PM
From: DiViT	Read Replies (1) \| Respond to of 50808

DVS Announces Record Sales of $4.9 Million for Month of July MOUNTAIN VIEW, Calif., Aug. 5 /PRNewswire/ -- Digital Video Systems, Inc. (Nasdaq: DVIDC - news) today announced that July 1999 revenues at $4.9 million were a record for a single month in the Company's history. Slightly over 70% of the revenue was resulted from sales to OEM's in China, and approximately 90% of the revenue was derived from the DVD product line. Preliminary results also indicate that gross margins have improved over prior periods. Ms. Kuo, DVS' Co-Chairman and CEO, said, ''We believe that our Company is on the right track and that these record results are just the beginning.'' On a separate note, Ms. Kuo wants to emphasize that Nasdaq requires our stock to be at $1 by August 16 and stay at or above $1 for the subsequent 10 days. The potential of a reverse split is a last resort to meet this requirement. The Company has been monitoring the market conditions, and will not actuate reverse split unless the market conditions warrant such an action to meet the Nasdaq requirement. ABOUT DVS Digital Video Systems, Inc. is a technology company specializing in the development and application of Digital Versatile Disc (DVD) and digital-video related technologies. The Company currently develops and markets DVD-ROM drives, DVD intelligent loaders, including subassemblies and components, and CD based Video Engine products for the consumer products, commercial video and computer peripherals markets. Established in 1992, DVS is publicly traded company headquartered in Mountain View, Calif., with a branch office in Taiwan and subsidiaries in Hong Kong, Bermuda, South Korea, and China. DVS is a trademark of Digital Video Systems, Inc. This release contains forward-looking statements within the meaning of the ''safe harbor'' provisions of the private Securities Litigation Reform Act of 1995 that involve various risks and uncertainties, including, without limitation, statements with respect to DVS' strategy, proposed sales of DVS' products, markets, and the development of DVS' products. DVS' actual results may differ materially from those described in those forward-looking statements due to a number of factors, including, but not limited to, risks of competition and the enforceability of DVS' patents and other intellectual property rights, risks relating to the development and market acceptance of DVS' products, and risks related to planned rapid growth of the DVS' business and the conduct of business by DVS in foreign countries, risks relating to the shortage of capital after substantial losses in prior years, which factors and others described in documents that DVS files from time to time with the Securities and Exchange Commission, including the Company's Form 10-KSB filed June 30, 1999 and Form 10QSB filed August 2, 1999. For more information on DVS' products, email to info@dvsystems.com, call 650-564-9699 or visit: www.dvsystems.com. ----------- Digital Video Systems 280 Hope Street Mountain View, CA 94041 Tel: 650-564-9699 Fax: 650-564-9702