To: Francois Goelo who wrote (166 ) 4/24/2000 10:58:00 AM From: Sir Auric Goldfinger Read Replies (1) | Respond to of 1992
SeaView Marine Books Record Sales ST. PETERSBURG, Fla., April 24 /PRNewswire/ -- SeaView Video Technology Inc. (OTC Bulletin Board: SEVU) (website: www.sevu.com) today reported a record increase in Marine Division sales during first quarter of 2000. Senior VP - Operations, Dan Mehosky, said, "First quarter looks like a half-million- dollar quarter, up 60% from 1Q99...and this was the slow winter season. In the last 10 days, we saw over $340,000 in sales, averaging $42,000 per business day." Mehosky cited an increase in dealer base, up 300% from 1999 to 422 stores selling SeaView underwater products. "Now that people can touch and feel what they've been seeing for the past two years in our magazine ads, they're moving fast," said VP - Product Development, J. R. Cox. "Our new molds will be running this week, allowing us to produce hundreds per week." Continuous updates on SecureView will be available on the company's website, sevu.com, according to CEO Rich McBride. "SecureView is the crown jewel of the company, and we are nearing production. So it's time to communicate, educate the consumer about the technology and its applications and about our plans. We are cutting steel for the molds and purchasing parts in huge quantities with the expectation of producing 250,000 units a month." Jennifer Lawson indicates updates will be issued later in the week regarding Don Shula, and the expected transition to the American Stock Exchange. "If we are approved, we plan a major news conference, and hope to be invited to a market-opening event. The whole project will be put together with Spear, Leeds & Kellogg, the largest Specialist Group on the AMEX and NYSE." "They've been very helpful," added McBride, "and it's a privilege to be represented by the same group that handles IBM and America Online. It could all happen in the next three weeks." website: www.sevu.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 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. SOURCE SeaView Video Technology, Inc. -0- 04/24/2000 /CONTACT: J. R. Cox of SeaView Video Technology, 727-866-3660, or e-mail, webmaster@seaviewresearch.com/ /Web site: sevu.com / (SEVU)