To: LaShark who wrote (165 ) 5/9/2000 12:26:00 PM From: Francois Goelo Read Replies (1) | Respond to of 1992
► BULLISH: SeaView Sponsors Weather Channel Segments ST. PETERSBURG, Fla., May 09 /PRNewswire/ -- Following last week's announcement, SeaView Video Technology Inc. (OTC Bulletin Board: SEVU) (website: www.sevu.com) today reported a second government project is in the works. The first, installing SecureView systems in Europe for the 7th ARMCOR Division, will be followed by a $1.5 million-plus installation covering 100 National Guard facilities in the northeastern US. Both orders were commissioned through the company's teaming partner, Logis-Tech, Inc., by the Department of Defense. SecureView systems place simple camera "floodlight" bulbs in standard electrical light sockets. The video is then sent through electrical wiring to a computer, which controls various watch zones and alarms and allows viewing and control capability from anywhere in the world. The system has over 17 granted patents. "We will be offering a similar system for large office buildings, hospitals, hotels, and so forth," stated Senior VP Dan Mehosky. "Smaller systems for the consumer, in the $399 range, will go on sale in June with a nationally aired infomercial. The system eliminates the need for hard-wiring, which is the big and complicated expense." The company has also applied for a listing on the American Stock Exchange. Said CEO Rich McBride: "We have received a letter from AMEX, which was positive. They indicated the acceptance review is proceeding." SeaView's Marine Division exceeded FY99 sales in just four months, with sales of underwater cameras topping the $1-million mark. Dennis McDougall, Media Director, announced the company will be seen nationally on the Weather Channel, "a big splash for SeaView. It's a massive campaign in a medium that skews to our target audience." website: www.sevu.com email: info@sevu.com Investor Information: 727-866-3660 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 uncertaintainties 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. SOURCE SeaView Video Technology Inc. -0- 5/9/2000 /CONTACT: J R Cox, SeaView Video Technology, 727-866-3660, or email, info@sevu.com/ /Web site: seaviewresearch.com (SEVU)