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Technology Stocks : e.Digital Corporation(EDIG) - Embedded Digital Technology -- Ignore unavailable to you. Want to Upgrade?

To: JimC1997 who wrote (11000)	2/15/2000 7:04:00 PM
From: Seeker	Respond to of 18366

Joe, nice pick, got any other "good" short picks for us? I hear Anthony@Pacific is looking for an assistant... Mike OT: SEVU: Large Military Contract in the Offing: SecureView Update Announced... ST. PETERSBURG, Fla., Feb. 15 /PRNewswire/ -- SeaView Video Technology Inc. (OTC Bulletin Board: SEVU - news) today confirmed that 'the light bulb camera,' SecureView(TM), is in prototype-manufacturing stage--in simple terms, small quantities are now being assembled for field testing and 'show and tell.' According to Rich McBride, CEO, 'We're at our third level of circuit reduction, and have developed a method to sandwich all the components together. That makes for a simpler assembly.' The company has a huge waiting list of customers, and is moving forward rapidly. 'We make modifications daily,' says McBride, 'and we're developing the accessory products right along behind.' McBride addressed the two key questions: When will major retail chains start buying, and when will SecureView appear in stores? 'Keep in mind, our first marketing step is TV direct and print targeting the consumer -- this is my background,' he said. 'After selling 2 million dollars' worth of underwater cameras -- over the phone -- the product is now going to retail. And we expect to sell over 20-thousand underwater systems this year. SecureView will follow a much shorter route.' 'Once the consumer starts seeing and buying SecureView on TV,' he continued, 'others will be asking for it at their local retailers. Managers will reflect this back to their wholesale buyers, and trust me -- the phones will ring at SeaView!' The company expects to announce a major government contract shortly. Working on the military security application, the R&D team has built a digital system with image-sensing motion detection which can activate cameras, trigger a recording system, or issue a warning signal. 'It will be digital, each camera with its own IP address for monitoring via the Internet or WAN,' McBride said. 'The government system will allow simple installation, and connect easily into existing systems which lack video.' Savings in installation costs alone are estimated in the millions, with installing times measured in hours rather than weeks. 'This work has been ongoing in conjunction with our consumer R&D,' said McBride. 'We'll be making commercial variants available to specific sectors, such as banking, this summer.' website: www.seaviewresearch.com email: sales@seaviewresearch.com Investor Information: 727-866-3660 ext 207 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 Underwater Research Inc. to accomplish its stated plan of business. Although SeaView Underwater Research 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 Underwater Research Inc. or any other person that the objectives and plans of SeaView Underwater Research Inc. will be achieved. SOURCE: SeaView Video Technology Inc. --------------------------------------------------------------------------------