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To: John Anderfuren who wrote (136)	11/12/1999 9:25:00 AM
From: Skywatcher	Respond to of 149

DVS Announced Record Sales of $15.7 Million for Second Quarter Exceeding Previous Forecast and First Time in Black MOUNTAIN VIEW, Calif., Nov. 12 /PRNewswire/ -- Digital Video Systems, Inc. (Nasdaq: DVIDC - news) today announced that revenues for the second quarter, which ended September 30, 1999, were $15.7 million, a record in the Company's history and 5% over previously announced forecast. Compared with $6.4 million for the first quarter and $3.5 million for the second quarter a year ago, this represents an increase of 145% from the previous quarter and an increase of nearly 350% from the same period a year ago. In the second quarter the Company also achieved operating income for the first time since going public in 1996, although a small amount. The income compared favorably with operating losses of $1.4 million in the previous quarter and losses of $4.2 million in the second quarter a year ago. DVS' Co-Chairman and CEO Mali Kuo stated, ''We are pleased that our team effort and hard work has accomplished substantial growth of production and sales, with improved margins and continuing tight control of overhead, so that we could prevent from the high losses of the past and start to be in black.'' She added, ''With orders for delivery in the quarter exceeding $19 million, we expect the revenues will grow and the Company will continue to operate profitably in the third quarter ending December 31, 1999.'' NOW ABOUT THOSE WARRANTS! chris