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just got to love it, see link...
http://quotes.barchart.com/texpert.asp?sym=SEVU
SeaView to Redeem $1,440,000 in Previously Issued Convertible Debentures
Monday August 25, 7:55 am ET
TIERRA VERDE, Fla.--(BUSINESS WIRE)--Aug. 25, 2003--SeaView Video Technology, Inc. (OTCBB:SEVU - News), the leader in powerline communication products, has entered into a redemption agreement with the convertible debenture holders to redeem the $1,000,000 12% convertible debenture purchase agreement executed September 20, 2002 and the $440,000 12% convertible debenture agreement executed May 9, 2003. The redemption is scheduled to close on or before September 2, 2003 at which time SeaView will pay all remaining principal balances which had not been previously converted into common stock, any accrued interest, and any applicable prepayment penalties in cash. In addition, SeaView did not execute the last two remaining $60,000 tranches of the May 9, 2003 12% convertible debenture agreement.
Commenting on these results, George S. Bernardich III, SeaView's Chairman & CEO stated, "The redemption is a major accomplishment for the Company and we expect many more milestones to be achieved in the coming months. The investment by the debenture holders allowed us to begin the implementation of our business plan, which resulted in 102.5% sales growth for the trailing four quarters. They have served their purpose in our company's growth and we appreciate the risk these investors took as the SeaView team's achievements and efforts allowed them to be repaid and amply rewarded for that risk. Now, improving our balance sheet, strengthening our national sales force, and securing additional funding through private placement and/or debt financing are among our goals for the immediate future. In addition, SecureView, 'camera in a light bulb', will return to the airwaves late this week on Shop At Home Network TV after a successful debut earlier this month. The Company is taking one step at a time toward our long-term goal to become a worldwide leader in the manufacturing and distribution of PowerLine communication products to consumer, commercial and industrial markets."
Significant highlights of Company achievements since acquiring funding in September 2002 include:
SeaView revamps website, www.seaview.com, to accept direct internet sales.
SeaView expands distribution of SecureView with cataloger, Heartland America, Inc.
SecureView debuts in July with catalog leader Frontgate's newest catalog; "Grandin Road(TM)."
SeaView executes a 5 year contract with Audiovox® Specialized Applications, LLC (ASA), the CCTV market share leader in the RV distribution channel, to distribute SeaView's PowerLine Vision Systems (PLVS)(TM) technology to the Recreational Vehicle segment of the transportation market in North America.
SeaView participates in the National Intelligent Vehicle Initiative meeting sponsored by the United States Department of Transportation with a demonstration of our PowerLine Vision Systems (PLVS)(TM) on a Mack CH600 Tractor and gasoline tanker operated by McKenzie Tank Lines of Tallahassee, Florida.
SIA Truck Bodies, Inc., a leading Ford® Truck Bailment Pool dealer in the Southeastern United States, begins distribution of our PowerLine Vision Systems (PLVS)(TM) as an option on its truck body models and vans for Truck Dealers and its fellow National Truck Equipment Association (NTEA) members.
SeaView enters into a strategic business alliance with China Silian Group Co., Ltd (SIC Group), www.sicc.com.cn, of Chongqing, China who is one of the 500 largest industrial enterprises in China, manufacturing a wide array of electrical instrument products for worldwide distribution to customers who include ABB Ltd. and Siemens AG.
SecureView debuts on leading direct television retailer, Shop At Home Network, LLC.
Four consecutive quarters of comparative sales growth with generated sales of $1,044,031 versus $515,505 for the comparable four quarters through June 30, 2003 which is a 102.5% sales gain.
About SeaView Video Technology Inc.
SeaView Video Technology Inc., www.seaview.com, designs, manufactures and markets, among other devices, products and applications developed to transmit voice, video, audio and data either individually or any and all combinations over power lines, in AC and DC power environments, on any and all power grids. The Company has also developed and manufactures different kinds of underwater video cameras, lights and accessories for the marine, commercial and consumer retail markets.
BIG NEWS OUT MONDAY! Longs look at your email.
imo
They are still open! The bulk of the shares have been issued to create financing arrangements. It doesn't matter if there were only 1,000,000 shares, if the company is closed. I see no significant increases in management's share ownership, especially taking into account the they have not been paid much money in salaries in two years.
imo
Sorry for your loss...I am glad she can't see you ranting like you do.
imo
Your mom.eom
imo
SeaView Reports Fourth Consecutive Quarter of Comparative Sales Improvement With 2nd Quarter Results Ending June 30, 2003
15 Aug 2003, 08:57am ET
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TIERRA VERDE, Fla.--(BUSINESS WIRE)--Aug. 15, 2003--SeaView Video Technology, Inc. (OTCBB:SEVU), the leader in powerline communication products, reported results for the quarter ending June 30, 2003. The Company reported $275,364 in sales for the 2nd quarter of 2003 versus $154,959 for the 2nd quarter of 2002 which represents a 77.7% sales gain and is the fourth consecutive quarter of comparative sales improvement for the Company. In the past four quarters the Company has generated sales of $1,044,031 versus $515,505 for the comparable four quarters which is a 102.5% sales gain.
The following table sets forth selected information from the statement of operations for the three months and six months ended June 30, 2003 and 2002.
Selected Statement Of Operations Information
Three Months Ended Three Months Ended
June 30, 2003 June 30, 2002
---------------------------------------
Net Revenues $275,364 $154,959
Operating Expenses $682,219 $2,303,758
Operating Income (Loss) $(612,994) $(2,255,509)
Six Months Ended Six Months Ended
June 30, 2003 June 30, 2002
---------------------------------------
Net Revenues $620,965 $281,575
Operating Expenses $1,427,896 $3,287,490
Operating Income (Loss) $(1,275,903) $(3,177,486)
The complete statement of Company results may be found in the quarterly 10-QSB report which may be accessed via the Company website, http://www.seaview.com , using the "SEC filings" link in the investor relations section.
Significant highlights of Company achievements for the 2nd quarter and early 3rd quarter include:
-- SeaView expands distribution of SecureView with cataloger,
Heartland America, Inc.
-- SecureView debuts in July with catalog leader Frontgate's
newest catalog; "Grandin Road(TM)".
-- SeaView executes a 5 year contract with Audiovox(R)
Specialized Applications, LLC (ASA), the CCTV market share
leader in the RV distribution channel, to distribute SeaView's
PowerLine Vision Systems (PLVS)(TM) technology to the
Recreational Vehicle segment of the transportation market in
North America.
-- SeaView participates in the National Intelligent Vehicle
Initiative meeting sponsored by the United States Department
of Transportation with a demonstration of our PowerLine Vision
Systems (PLVS)(TM) on a Mack CH600 Tractor and gasoline tanker
operated by McKenzie Tank Lines of Tallahassee, Florida.
-- SIA Truck Bodies, Inc., a leading Ford(R) Truck Bailment Pool
dealer in the Southeastern United States, begins distribution
of our PowerLine Vision Systems (PLVS)(TM) as an option on its
truck body models and vans for Truck Dealers and its fellow
National Truck Equipment Association (NTEA) members.
-- SeaView enters into a strategic business alliance with China
Silian Group Co., Ltd (SIC Group),
http://www.sicc.com.cn
, of
Chongqing, China who is one of the 500 largest industrial
enterprises in China, manufacturing a wide array of electrical
instrument products for worldwide distribution to customers
who include ABB Ltd. and Siemens AG.
-- SecureView debuts on leading direct television retailer, Shop
At Home Network, LLC.
Commenting on these results, George S. Bernardich III, SeaView's Chairman & CEO stated: "The sales pace at the Company continues to pick up and we are on schedule to achieve record sales volume for 2003. The Company is achieving new milestones in Company history on a regular basis and we expect many more new achievements over the coming months. Our PowerLine Vision System (PLVS)(TM) is performing very well and we have several fleets currently testing the product to determine loss savings. Based on early feedback, we believe we will garner orders and contracts from these tests later this year. In addition, SecureView, 'camera in a light bulb', sales have been gradually growing especially since debuting as a very successful 'daily special' on Shop At Home Network TV and, we expect to return to the airwaves at Shop At Home Network TV very soon. SecureView also received some unexpected accolades as a leading edge technology product this past week on the Regis & Kelly Show. With our increase in product demand, the significance of our new strategic business alliance with China Silian will start to immediately bear fruit in the form of readily available product. We expect the first shipments of 100% Chinese manufactured SecureView product to begin shipping in late September. As a result, we should begin to achieve gross profit improvements over the coming quarters as we transition this and other products to manufacturing with China Silian. To support production, it is our immediate goal to strengthen our national sales force to maintain and increase our sales trend. On the numbers subject, our confidence is growing in our ability to achieve our operational breakeven point or better by the 4th quarter. And, we are aggressively working to repay and/or replace the current convertible debenture financing with debt and private placement financing in the near future. As a result of these efforts, we expect to significantly improve our balance sheet as early as the end of the 3rd quarter. In closing, I believe the Company is at a pivotal point and is ready to emerge as a worldwide leader in manufacturing and distribution of PowerLine products to consumer, commercial and industrial markets."
The Calandra Report just published
The latest issue of The Calandra Report is out to paying subscribers. Read why a small video-technology company could provide explosive gains to investors. Plus, learn more about the delays surrounding the World Gold Council's bullion exchange-traded fund and whether the new security, proposed for NYSE trading, will see the light of day this year. The Calandra Report is available only to paying subscribers. For more information, see The Calandra Report.
http://cbs.marketwatch.com/news/story.asp?siteid=mktw&dist=&column=Thom+Calandra's+StockWatc...
Does anyone receive this report? It is from CBS marketwatch. I heard he called SEVU a MOON BALL or Rocket or something like that.
imo
Sorry MH, way too many words in that last post to bother with it. SEVU is rolling baby.
imo
SeaView Establishes A Strategic Business Alliance With China Silian Group Co. Ltd
22 Jul 2003, 08:14am ET
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TIERRA VERDE, Fla.--(BUSINESS WIRE)--July 22, 2003--SeaView Video Technology, Inc. (OTCBB:SEVU), the market leader in Power Line Vision Systems (PLVS) is pleased to announce the Company has entered into a strategic business alliance with China Silian Group Co., Ltd (SIC Group), http://www.sicc.com.cn , of Chongqing, China. SIC Group is one of the 500 largest industrial enterprises in China, manufacturing a wide array of electrical instrument products for worldwide distribution to customers who include ABB Ltd. and Siemens AG. The alliance will intially establish three important business arrangements with more expected to be developed in the future. First, and of most significance, SIC Group has established a secured open ended credit line for the Company to procure production of the Company's products for its customers. Secondly, SIC Group will become the primary manufacturer for SeaView's PowerLine products along with several marine products. Not only will this allow SeaView to provide a consistent quality product since SIC Group factories are ISO 9001/9002 certified, the Company will significantly reduce our sourcing costs allowing our products to be competitively priced in the marketplace. Lastly, SeaView and SIC Group will conduct market research to investigate the marketability and distribution of SeaView's products in China which may result in a distribution arrangement.
Xiang Xiabo, President of SIC Group, stated, "We are anxious to develop the strategic business alliance between our two companies. SIC Group is commited to providing quality product and services to SeaView and its customers. We are also pleased that our Company is able to provide more attractive costing to allow SeaView and SIC to mutually grow our businesses."
"In the past six months a major portion of the Company's available capital has been invested in procuring inventory," commented Doug Bauer, Seaview CFO. "The securing of product on the more attractive terms will greatly enhance our ability to fulfill our customer needs as well as freeing up capital for additional marketing and research and development. All of these efforts should result in improved sales and profit for the Company."
Michael Ambler, SeaView President & COO added, "This alliance is the start of what we expect to be a long standing and prosperous business relationship for both our Companies. We expect to increase sales as a result of this alliance since our sales team will be able to sell our products with confidence at prices that are very attractive to our customers. Based on the economic development China has achieved in recent years, we are also confident SIC Group should find a marketplace for SeaView products in China sometime in the future."
MH, question for you, what would it take for you to leave a large publically traded company that you have been with for years and is paying you a hardy salary as well as benefits, etc to come to a cash strapped company under SEC investigation and with a class action suit against it? Add to that, that you have no hope of being paid until you turn it around and deal with those issues as well as more than likely having to put all your financial resources into the company to get it to the next level. Also, any shares you receive under any PP will be restricted for a year.
Is the company better now than it was 18 months ago? you bet your azz. Are there more outstanding shares? yes. If you lost money, those are the breaks, but present management did not cause that. They are here to bring this company back.
Based on the class action being settled, the apparent stoppage of the SEC, significant distribution contracts, offshore manufacturing, many successes with HSN and actually getting into costco for a test run, I believe the current management has been doing quite well.
If you are so worried about dilution, then increase your position (while the price is low) and make up for it.
IMO
Barchart has been updated from 24% buy to 64%...
http://quotes.barchart.com/texpert.asp?sym=sevu
MH, first off, do a share count, obviously the actual PP was something different than you calculate. Also, George does not have 10 million shares nor has he sold 6 million shares (see insider trading reports, oh yea you are afraid to actually look for yourself).
Oh, do you remember this little ditty...
Posted by: Madhatter
In reply to: None Date:9/13/2000 2:06:45 PM
Post #of 14745
Fact is FG, I'm serious. I would work for the company for nothing but stock. MH
---------------------------------------
Seems like the pot calling the kettle black.LOL
imo
MH, I don't recall any share transactions of that magnitude. I do know that George was receiving shares instead of salary and recall that the number was relatively small. Also, I know that George bought shares with his own funds as well. If you look in the "insider" transactions listing on yahoo, you will have your answers.
Your constant "blow-hard" statements are getting old. Do some of your own research and gripe about real facts. There are plenty around to find.
imo
There seems to be some additional contract info in this "stkprwlr" report that we did not know. RB, good reading... Note: the blanked out areas are raging bull's doing.
"############’s" pick this month...
SeaView Video Technology (OTC BB: SEVU)
200 Madonna Blvd.
St. Petersburg, FL 33701
Phone: (727) 866-7440
Corporate Web Site: www.seaview.com
Shares Outstanding: 47 million
Public Float: 27.3 million
Insider Ownership: 42%
Market Capitalization: $1,880,000
Closing Price Friday 7/04/03: 4 cents
...Our pick for the month of July is SeaView Video Technology Inc.(OTC BB: SEVU). The company designs, manufactures and markets products using patented technology developed to transmit voice, video, audio and data over power lines, in AC and DC power environments, on any and all power grids. On May 30, Seaview announced it had signed a 5 year multi-million dollar contract with Audiovox® Specialized Applications, LLC. a joint venture partner with Audiovox Corporation of New York (Nasdaq: VOXX). ASA develops, manufactures, and distributes electronic products, specializing in Family Entertainment Systems (FES) and Video Observation Systems (OBS) for mobile applications.
The deal with Audiovox marks a turning point for SeaView. According to George Bernardich III, Seaview's Chairman and CEO, "The company is quietly changing from an underwater camera business to a worldwide leader in manufacturing and distribution of PowerLine products to consumer, commercial and industrial markets." Audiovox® Specialized Applications, LLC. (ASA) will distribute SeaView's PowerLine Vision Systems (PLVS) technology to the Recreational Vehicle marketplace in North America.
The Recreation Vehicle Industry Association states that RV shipments increased 21 percent from 2001 to 2002 making RVs a $10.9 Billion dollar industry. In 2002, approximately 310,000 RV's were produced. The stats show that nearly 1 out of every 10 American households now owns an RV. SeaView and Audiovox believe their combined efforts should allow them to build a 40 to 50 percent market share for the PLVS products. As part of its distribution agreement with SeaView, ASA is required to attain annual guaranteed minimum net unit sales and purchases to retain distribution rights over the five-year term of the agreement. SeaView has received initial orders from ASA, which are expected to begin shipping shortly.
Brent Barrow, ASA President & COO, states, "By integrating SeaView's PowerLine Vision Systems technology and ASA's Voyager line of cameras and monitors, we will now be able to offer the only rear vision system for the entire line of Recreational Vehicles from the Class "A" Coaches to the full line of towables. This cutting edge innovation in video technology allows installation of a complete new system or a retrofit of existing systems to a 'cable-free' PowerLine Vision Systems solution. Our market research tells us that PLVS technology will be readily accepted in the RV market, as currently there are no convenient and reliable rear vision system solutions for 5th wheel or towable RV's."
"Transmitting video using PowerLine Vision Systems overcomes the two major obstacles to wide-scale adoption of vehicular closed circuit TV. First, using the existing DC chassis wiring harness as the video 'pipeline' eliminates the need for separate coaxial or multi-wire cables. All that is required in the rear of a coach, trailer, or 5th wheel is an active 12- volt wire and a common ground. Second, expensive and complex changes to the wiring harness are no longer necessary."
Michael Ambler, SeaView President & COO, states, "ASA is the largest distributor to sell our new PLVS product line, which launched last year into the transportation industry. ASA has been a leader in the mobile electronics market for over 20 years, and we are pleased to team our technology with their expertise in customer service, distributing and marketing. In addition, ASA's engineering, vehicle applications, and technical support teams will play an important role in integrating the PLV/ CCTV technology into RV OEM plant operations. We expect the demand for our PowerLine Vision Systems to grow significantly as a result of this business relationship."
SeaView reported $345,601 in sales for the first quarter of 2003 versus $126,616 for the first quarter of 2002 which represents a 173% increase sales and is the third consecutive quarter of sales growth for the company. In the past three quarters the company has generated sales of $768,667 versus $360,546 for the comparable three quarters which is a 113% increase. In addition, SeaView signed an exclusive master distributorship agreement with The Tyman Group, LLC, to sell and distribute Powerline Vision Systems exclusively to the waste hauling, materials handling, and special utility vehicles markets in North America.
As part of the exclusivity agreement with SeaView, the Tyman Group is required to attain annual guaranteed minimum net unit sales and purchases over the five-year term of the agreement with the initial contract year guaranteed minimum net unit sales and purchases set at approximately $1.7M. Harold Halman, Tyman President states: "We are pleased with the enthusiastic initial response in the marketplace to these revolutionary products. We expect the excitement to grow as the news spreads throughout the industry since we began delivering and installing our initial customer orders in March 2003. By enhancing our IVS solutions with PowerLine Vision System technology, we provide a distinct advantage over other hard-wired rearview systems which require labor intensive installations and expensive on-going maintenance."
Also, during the first quarter, SeaView's management traveled to China to meet with its supplier and finalize the manufacturing and credit agreements for both its Security and DC Transportation products. The company expects these agreements to be formalized and in place midway through the second quarter.
SeaView President & COO Michael Ambler stated, "We expect the demand for our PowerLine Vision Systems to grow significantly for several reasons. First, the product is easy to install and use by OEM's, distributors, and dealers, which can increase profits, and we believe the system is more reliable than competitive products because our system uses the existing vehicle wiring harness. Secondly, there is a growing need to reduce accidents and the resulting liabilities caused by 'the blind spot' on a truck or vehicle. Recently, the National Highway Traffic Safety Administration estimated that the potential of preventing back-up accidents is better than 90% with a back-up system." SeaView and the Tyman Group, LLC. are currently actively seeking and establishing additional channel partners for marketing and distribution of this advanced PLC technology into the transportation industry's trucking, commercial managed fleet, passenger/school bus, recreational vehicle, and automotive vertical markets.
############ views SEVU trading at just 4 cents as a fantastic speculative opportunity. The RV and commercial trucking markets for SeaView's DC PowerLine Vision Systems are enormous. Furthermore, the company's partner AudioVox (ASA) has expressed its belief that they and SeaView can achieve 40 to 50 percent market penetration with their revolutionary products. With only 27 million shares in the float, look for trading to be extremely volatile as investors become aware of the company's potential. It is the opinion of "############" that SEVU has the potential to be a 10 bagger in the next 6 to 12 months... remember you saw it here first!
"############" does not receive compensation from companies we profile or from third parties… we never have and never will. We use our own money when we buy stocks, and even though we usually take a position in a stock before we profile a company, our purchases are always relatively small so that the chance of having an effect on a stock’s price when we buy or sell is negligible. Please read our full disclaimer . Also, contrary to a commonly held belief, "############" does not have access to insider information, nor do we want to, because trading on insider information is illegal! All information contained in our reports is available in the public record… and any written or verbal communication with company CEOs/ IR people strictly adheres to this rule. Readers are urged to read the company SEC filings and do their own due diligence before investing in this or any other stock.
Good Trading... "############"
SeaView's PowerLine Vision Systems Featured At National Intelligent Vehicle Initiative Meeting
8 Jul 2003, 10:32am ET
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TIERRA VERDE, Fla.--(BUSINESS WIRE)--July 8, 2003--SeaView Video Technology, Inc. (OTCBB:SEVU) recently participated in the National Intelligent Vehicle Initiative meeting this past June 2003 in Washington, D.C. SeaView's PowerLine Vision System(TM) (PLVS) was demonstrated on a Mack CH600 Tractor and gasoline tanker operated by McKenzie Tank Lines of Tallahassee, Florida. Through a cooperative agreement between Mack Trucks, Inc. and the Federal Highway Commission in 1999 the Mack Partnership was created which includes a comprehensive one-year field test of PLVS technology involving 35 to 40 Mack vehicles owned by McKenzie Tank Lines. The Intelligent Vehicle Initiative (IVI) is administered by SAE International for the United States Department of Transportation (DOT). Through the IVI, the DOT hopes to reduce crashes by helping drivers to avoid hazardous mistakes. IVI aims to accelerate the development and commercialization of vehicle-based driver assistance systems that warn the driver of dangerous situations, recommend actions, and even take partial control of vehicles to avoid collisions. Other organizations supporting the Mack Partnership are XATA Corporation, Vehicle Enhancement Systems (VES) and Richard Bishop Consulting working with the Virginia Department of Transportation and other state DOTs.
SeaView's PLVS(TM) is marketed by The Tyman Group LLC to waste-hauling, material handling, and special-utility vehicle segments under an exclusive distributorship agreement. Tyman has spearheaded the project with their customer, McKenzie Tank Lines, Inc. ( http://www.mckenzietank.com ). According to Tyman Group's President Harold Halman, "This degree of participation underscores the versatility and value of PLVS," Halman said. "These companies are significant players in the market and this project has the potential to include PLVS as standard safety equipment on all types of vehicles in the future. We continue to experience a sincere level of interest and enthusiasm that's very exciting, both from the standpoint of how many companies are embracing the system, and the reaction of their customers to this revolutionary product."
Leveraging existing patent-protected Power-Line-Carrier (PLC) technology, the PowerLine Vision System(TM) consists of small environmentally-sealed transmitter and receiver modules, which simply connect to a truck's existing electrical wiring harness. Video and audio signals from a side-mounted and/or rear-mounted camera are transmitted using PLC to a receiver and video monitor mounted inside the truck's cab. SeaView's PLC technology is compatible with existing video products accepting the RS-170/EIA standard composite video signal. This compatibility allows the retrofitting of existing rearview camera systems with PowerLine Vision System(TM) capabilities when the existing communication cable fails or breaks.
SeaView President and COO Michael Ambler commented, "We hope to expand our participation in the IVI project in the future. This meeting was an excellent first step which gave us the opportunity to present our technology to decision makers at all levels and more importantly to members of the DOT on the federal and state level."
About SeaView Video Technology Inc.
SeaView Video Technology Inc., http://www.seaview.com , designs, manufactures and markets, among other devices, products and applications developed to transmit voice, video, audio and data either individually or any and all combinations over power lines, in AC and DC power environments, on any and all power grids. The Company has also developed and manufactures different kinds of underwater video cameras, lights and accessories for the marine, commercial and consumer retail markets.
About The Tyman Group, LLC
The Tyman Group, LLC, http://www.tymangroup.com , headquartered in Anthem, AZ is an integrator, distributor, and wholesaler of OEM products and mobile transportation surveillance systems. The Tyman Management Group is a team of highly experienced individuals from diverse disciplines including sales, business development & strategy, progressive marketing, and operations within waste hauling and mobile transportation industries. With over 50 aggregate years in mobile transportation experience, Tyman strives to successfully leverage its relationships to advance typical "rear-vision" to the next level.
website: http://www.seaview.com
e-mail: investor@seaview.com
This press release may contain "forward-looking statements" that involve risks and uncertainties, including statements regarding our plans, future events, objectives, expectations, forecasts, or assumptions. Any statement in this press release that is not a statement of historical fact is a forward-looking statement, and in some cases, words such as "believe," "estimate," "project," "expect," "intend," "may," "anticipate," "plans," "seeks," and similar expressions identify forward-looking statements. These statements involve risks and uncertainties that could cause actual outcomes and results to differ materially from the anticipated outcomes or result, and undue reliance should not be placed on these statements. These risks and uncertainties may include: the adoption of our new products by customers; our ability to identify, develop, and commercialize new applications for our products; the ability to manage our anticipated growth; scaling-up our manufacturing capabilities; protecting our intellectual property; and other risks and uncertainties discussed in filings made with the Securities and Exchange Commission (including risks described in subsequent reports on Form 10-Q, Form 10-K, Form 8-K, and other filings). SeaView Video Technology, Inc. disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events, or otherwise.
CONTACT: SeaView Video Technology, Inc., Tierra Verde
Doug Bauer, 727/866-7440
Investor Relations e-mail:
investor@seaview.com
SOURCE: SeaView Video Technology, Inc.
- - - - -
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MH, the shares issued under the class action will be issued period. If you don't claim yours they go to legal-aid. So you only screwed yourself.
imo
MH, you would have that info if you were a stockholder, so no.eom
TIERRA VERDE, Fla., May 30 /PRNewswire-FirstCall/ -- SeaView Video Technology, Inc., (BB:SEVU) the leader in powerline transmission technology, is pleased to announce our latest distribution partnership. SeaView has signed a 5 year multi-million dollar contract with Audiovox(R) Specialized Applications, LLC (ASA), www.asaelectronics.com . ASA, the CCTV market share leader in the RV distribution channel, will distribute SeaView's PowerLine Vision Systems (PLVS)(TM) technology to the Recreational Vehicle marketplace in North America. Using SeaView's advanced PLVS technology and ASA's market proven cameras, monitors, and excellent service record, this new partnership will provide quality advanced technology rearvision solutions to the RV Industry.
The Recreation Vehicle Industry Association (RVIA) states that Recreational Vehicle shipments increased 21 percent from 2001 to 2002 making RVs a $10.9 Billion dollar industry. In 2002, approximately 310,000 RV's were produced. According to a University of Michigan study, that brings to 9.3 million the total number of RV's in the United States. In addition, nearly 1 out of every 10 households now owns an RV, according to the study; including renters, there are over 30 million RV enthusiasts in the USA.
SeaView and ASA believe their combined efforts should allow them to build a 40 to 50 percent market share for the PLVS products. As part of the distribution agreement, ASA is required to attain annual guaranteed minimum net unit sales and purchases to retain the attractive distribution rights over the five-year term of the agreement. SeaView has received initial orders from ASA, which are expected to begin shipping shortly.
Brent Barrow, ASA President & COO, states, "By integrating SeaView's PowerLine Vision Systems(TM) technology and ASA's Voyager(TM) line of cameras and monitors, we will now be able to offer the only rearvision system for the entire line of Recreational Vehicles from the Class "A" Coaches to the full line of towables. This cutting edge innovation in video technology allows installation of a complete new system or a retrofit of existing systems to a 'cable-free' PowerLine Vision Systems(TM) solution. Our market research tells us that PLVS technology will be readily accepted in the RV market, as currently there are no convenient and reliable vision system solutions for 5th wheel or towable RV's."
"Transmitting video using PowerLine Vision Systems(TM) overcomes the two major obstacles to wide-scale adoption of vehicular CCTV. First, using the existing DC wiring harness as the video 'pipeline' eliminates the need for separate coaxial or multi-wire cables. All that is required in the rear of a coach, trailer, or 5th wheel is an active 12- volt wire and a common ground. Second, expensive and complex changes to the wiring harness are no longer necessary."
Michael Ambler, SeaView President & COO, states, "ASA is the largest distributor to sell our new PLVS product line, which launched last year into the transportation industry. ASA has been a leader in the mobile electronics market for over 20 years, and we are pleased to team our technology with their expertise in customer service, distributing and marketing. In addition, ASA's engineering, vehicle applications, and technical support teams will play an important role in integrating the PLV/ CCTV technology into RV OEM plant operations. We expect the demand for our PowerLine Vision Systems to grow significantly as a result of this business relationship."
PACM PEACE OF MIND INC
SEVU (OTCBB) SEAVIEW VIDEO TECHNOLOGY INC
--------------------------------------------------------------------------------
Frontgate Selects SecureView Camera System for New Catalog
TUESDAY , APRIL 22, 2003 08:04 AM
TIERRA VERDE, Fla., Apr 22, 2003 (BUSINESS WIRE) -- SeaView Video Technology,
Inc. (OTCBB:SEVU) has begun merchandising the company's patented power-line
SecureView "camera in a light bulb" in Frontgate's newest catalog; "Grandin
Road(TM)" this July. Frontgate(R) is the recognized leader in catalog and online
shopping for the home environment. The "Grandin Road(TM)" catalog offers the
highest quality items of lasting value to help homeowners organize, maintain,
and manage their homes.
SecureView is designed to look like a regular outdoor light bulb, but actually
contains a hidden video camera. The hidden camera transmits a secure real-time
video signal through regular power lines and allows owners to view the video
simply by plugging a special decoder and standard television monitor into any of
the home's power outlets. SecureView's easy 1-2-3 installation provides the
customer "Powerline Peace of Mind" in minutes with portability and range that
far surpasses typical hardwire or wireless cameras currently available. For
additional information about the product, you may visit SeaView's website at
http://www.seaview.com.
"Frontgate is a fine addition in our efforts to reach homeowners who can
appreciate the value of this security product," states Michael Ambler, President
& COO of SeaView. "We expect Frontgate to increase sales while continuing to
expose many consumers to the advantages of SecureView and our power-line
technology products."
About SeaView Video Technology Inc.:
SeaView Video Technology Inc. (http://www.seaview.com) designs, manufactures and
markets, among other devices, products and applications developed to transmit
voice, video, audio and data either individually or any and all combinations
over power lines, in AC and DC power environments, on any and all power grids.
These products or prototypes include acVIDEO, acVIEW, dcVIEW, dcVIDEO, dcDATA,
SecureView, SPLSS, and acAMR, and are described in various product and marketing
materials. The Company has also developed and manufactures different kinds of
underwater video cameras, lights and accessories for the marine, commercial and
consumer retail markets.
website: http://www.seaview.com
e-mail: investor@seaview.com
This press release may contain "forward-looking statements" that involve risks
and uncertainties, including statements regarding our plans, future events,
objectives, expectations, forecasts, or assumptions. Any statement in this press
release that is not a statement of historical fact is a forward-looking
statement, and in some cases, words such as "believe," "estimate," "project,"
"expect," "intend," "may," "anticipate," "plans," "seeks," and similar
expressions identify forward-looking statements. These statements involve risks
and uncertainties that could cause actual outcomes and results to differ
materially from the anticipated outcomes or result, and undue reliance should
not be placed on these statements. These risks and uncertainties may include:
the adoption of our new products by customers; our ability to identify, develop,
and commercialize new applications for our products; the ability to manage our
anticipated growth; scaling-up our manufacturing capabilities; protecting our
intellectual property; and other risks and uncertainties discussed in filings
made with the Securities and Exchange Commission (including risks described in
subsequent reports on Form 10-Q, Form 10-K, Form 8-K, and other filings).
SeaView Video Technology, Inc. disclaims any intention or obligation to update
or revise any forward-looking statements, whether as a result of new
information, future events, or otherwise.
TIERRA VERDE, Fla.--(BUSINESS WIRE)--Feb. 26, 2003--SeaView Video
Technology, Inc. (OTCBB:SEVU) has shipped an initial order for the
company's patented power-line SecureView "camera in a light bulb" to
Grupo Sanborns, S. A. de C.V., of Mexico. Sanborns is a 100-year-old
retailer originally formed as an American Drugstore in Mexico City in
1903.
This new form of video monitoring is designed to look like a
regular outdoor light bulb, but actually contains a hidden video
camera. The hidden camera transmits a secure real-time video signal
through regular power lines and allows owners to view the video simply
by plugging a special decoder and standard television monitor into any
of the building's power outlets. SecureView's easy 1-2-3 installation
provides the customer "Powerline Peace of Mind" in minutes with
portability and range that far surpasses typical hardwire or wireless
cameras currently available
"Sanborns will bring SecureView into the traditional retailing
arena for the first time in Mexico and will expand our market beyond
United States distribution," stated Michael Ambler, Chief Operating
Officer of SeaView. "We are extremely excited about not only the sales
potential from Sanborns, but the opportunity to educate so many
consumers on the advantages of SecureView and power-line technology in
general throughout Mexico."
About SeaView Video Technology Inc.:
SeaView Video Technology Inc. (http://www.seaview.com) designs,
manufactures and markets, among other devices, products and
applications developed to transmit voice, video, audio and data either
individually or any and all combinations over power lines, in AC and
DC power environments, on any and all power grids. These products or
prototypes include acVIDEO, acVIEW, dcVIEW, dcVIDEO, dcDATA,
SecureView, SPLSS, and acAMR, and are described in various product and
marketing materials. The Company has also developed and manufactures
different kinds of underwater video cameras, lights and accessories
for the marine, commercial and consumer retail markets.
About Grupo Sanborns, S. A. de C.V.:
Grupo Sanborns, (Mexico Bolsa: GSANBORB1.MX), celebrates its 100th
anniversary this year as the company that was formed by Walter and
Frank Sanborns in 1903 as an American Drugstore in Mexico City. In
Mexico, few retailers are as steeped in history as Grupo Sanborns. The
retailer is 79%-owned by Grupo Carso, which itself is controlled by
the Slim family, the richest clan in Latin America. Sanborns has an
85% stake in Sears de Mexico (more than 40 stores). It also owns more
than 100 Sanborns Hermanos stores (a combo of restaurants, drugstores,
and book and gift shops); more than 30 Sanborns Cafes; about 50 Mixup
and Discolandia music stores; Pasteleria Francesa El Globo (pastry
shops); and a Web site selling books, music, toys, and drugs.
This press release may contain "forward-looking statements" that
involve risks and uncertainties, including statements regarding our
plans, future events, objectives, expectations, forecasts, or
assumptions. Any statement in this press release that is not a
statement of historical fact is a forward-looking statement, and in
some cases, words such as "believe," "estimate," "project," "expect,"
"intend," "may," "anticipate," "plans," "seeks," and similar
expressions identify forward-looking statements. These statements
involve risks and uncertainties that could cause actual outcomes and
results to differ materially from the anticipated outcomes or result,
and undue reliance should not be placed on these statements. These
risks and uncertainties may include: the adoption of our new products
by customers; our ability to identify, develop, and commercialize new
applications for our products; the ability to manage our anticipated
growth; scaling-up our manufacturing capabilities; protecting our
intellectual property; and other risks and uncertainties discussed in
filings made with the Securities and Exchange Commission (including
risks described in subsequent reports on Form 10-Q, Form 10-K, Form
8-K, and other filings). SeaView Video Technology, Inc. disclaims any
intention or obligation to update or revise any forward-looking
statements, whether as a result of new information, future events, or
otherwise.
SEVU (OTCBB) SEAVIEW VIDEO TECHNOLOGY INC
AXGI (OTCBB) AUXER GROUP INC
HRCT (OTCBB) HARTCOURT COMPANIES INC
--------------------------------------------------------------------------------
HotStockChat.com Covers SEVU, AXGI and HRCT
WEDNESDAY, FEBRUARY 19, 2003 12:38 PM
HotStockChat.com said the following about the following stocks: SeaView Video Technology Inc (OTCBB: SEVU), Auxer Group Inc (OTCBB: AXGI) and Hartcourt Companies Inc (OTCBB: HRCT).
"SEVU - Unusually high volume the last several sessions. Watching for a move."
"AXGI - Small move on big volume today."
"HRCT - Once of the best China plays out there. Great move today."
SEVU has a current price of $0.10000 per share.
AXGI has a current price of $0.01700 per share.
HRCT has a current price of $0.08000 per share.
According to the Hot Stock Chat Disclaimer, HotStockChat.com was not compensated for this information.
TIERRA VERDE, Fla.--(BUSINESS WIRE)--Feb. 13, 2003--SeaView Video
Technology, Inc. (OTCBB:SEVU) has inked an exclusive master
distributorship agreement with The Tyman Group, LLC of Anthem, AZ. to
sell and distribute SecureView DC Camera Systems exclusively to the
waste hauling vehicles, materials handling, and special utility
vehicles markets in North America. As part of the agreement, to
acquire exclusive distribution rights The Tyman Group will pay a
non-refundable exclusivity fee payable in two installments with the
first payment being paid at the execution of the agreement and the
second payment scheduled in 180 days. In addition, to retain these
exclusive distribution rights The Tyman Group is required to attain
annual guaranteed minimum net unit sales and purchases over the
five-year term of the agreement with the 2003 contract year guaranteed
minimum net unit sales and purchases set at approximately $1.7M. If
The Tyman Group achieves their annual guaranteed minimum net unit
sales and purchases over the life of the agreement, Seaview has the
potential to achieve approximately $36.25M in revenue. SeaView has
received initial orders from Tyman, which are expected to begin
shipping later this month.
Seaview has been working with Tyman since mid-2002 testing and
developing product for the waste hauling and commercial vehicles
transportation market. The Tyman Group LLC is a team of highly
experienced individuals from diverse disciplines including sales,
business development & strategy, progressive marketing, and operations
within waste hauling and mobile transportation industries. Harold
Halman, Tyman President states: "We are expanding nationally with a
good/better/best differential strategy via direct selling activities
to the fleets, as well as growing channel distribution within
strategically established areas. These strategic relationships have
been established with select dealers and OEM partners for direct and
after-market opportunities. This expansion has taken place
predominately via marketing of the `near-wireless' high-speed video
signal Power-Line-Carrier (PLC) technologies for mobile vehicles. We
have been successful with this technology by offering an advanced
solution with a significant reduction in cost of maintenance by
establishing a common connector and eliminating the communication
cables that comprise the majority of service issues, as well as
reducing installation costs for the end user. With over 50 aggregate
years experience in mobile transportation, Tyman expects to
successfully leverage relationships to advance typical `rear-vision'
to the next level using SeaView's DC SecureView products."
Tyman is the first major distributor to sell the new product line
for the transportation industry, which was launched last year.
Leveraging existing patent protected Power-Line-Carrier (PLC)
technology, SeaView built a new system that runs voice, video, audio
and data communication over DC (Direct Current) power lines to add to
their existing SecureView(TM) AC (Alternating Current) product lines.
Initially, the system will consist of small environmentally sealed
transmitter and receiver modules, simply connecting to a truck's
existing electrical wiring harness. Video and audio signals from a
side-mounted and/or rear-mounted camera are transmitted using PLC to a
receiver and video monitor mounted inside the truck's cab. The
receiver module powers itself and the video monitor via a standard
cigarette lighter adapter, intercepting and converting the video
signal. SeaView's PLC technology is compatible with existing video
products accepting the RS-170/EIA standard composite video signal.
Further, SeaView is currently actively seeking and establishing
additional channel partners for marketing and distribution of this
advanced PLC technology into the transportation industry's trucking,
commercial managed fleet, passenger/school bus and automotive vertical
markets.
About Seaview Video Technology Inc.
SeaView Video Technology Inc. designs, manufactures and markets,
among other devices, products and applications developed to transmit
voice, video, audio and data either individually or any and all
combinations over power lines, in AC and DC power environments, on any
and all power grids. The Company has also developed and manufactures
different kinds of underwater video cameras, lights and accessories
for the marine, commercial and consumer retail markets.
About The Tyman Group, LLC
The Tyman Group, LLC headquartered in Anthem, AZ is an integrator,
distributor and wholesaler of OEM products and mobile transportation
surveillance systems. The Tyman Management Group is a team of highly
experienced individuals from diverse disciplines including sales,
business development & strategy, progressive marketing, and operations
within waste hauling and mobile transportation industries. With over
50 aggregate years in mobile transportation experience, Tyman strives
to successfully leverage its relationships to advance typical
"rear-vision" to the next level.
click on "member company"
http://www.gonow.com/investor_services.html?ticker=sevu#
To our shareholders:
In April of this year, Seaview Video Technology, Inc. will celebrate its Five-year anniversary. This milestone, by most business experts’ opinions, beats the approximately 50/50 survival rate of a start-up company.
When I accepted the position of Chairman & CEO in February 2001, many of those experts advised a much different path for overcoming the obstacles left by former management. Ironically, had the new executive team followed that advice; the Company might not be in existence today. Instead, the new executive team used a process infused with commitment, determination, and perseverance, along with basic business acumen, to triumph over these obstacles. Now, we feel the Company is poised to step up, focus on significant sales growth, and achieve more acceptable financial results for our shareholders and investors.
The trend toward these objectives actually started in year 2002, as total sales revenue increased over the previous quarter in each of the first three quarters. Further, we expect this trend to continue through 2003, to generate the highest sales volume in Company history. Our plan for increased sales is grounded on increasing distribution of our best-selling products: SecureView “camera in a light bulb”; DC SecureView sets and systems; and SeaLite.
Until recently, our primary distribution for the SecureView “camera in a light bulb” has been through internet retailers, cataloguers, and a few small traditional dealer stores. This category includes: Supercircuits, Costco Wholesale Club, Home Security Store, Safe & Secure Systems, SmartHome.com, GSI Commerce and Odyctek. With the addition of Home Shopping Network as a customer late last year, we expanded into direct television retailing, which provided excellent sell-throughs. We anticipate returning to the HSN airwaves soon, and are also negotiating with two other direct television marketers to capitalize on our HSN success. This avenue of distribution also provides education to consumers on our leading-edge powerline communications technology, as Seaview is the only Company in the world whose product transmits secure real-time video over an existing powerline grid in a small office or home and conveyed in our slogan, “Powerline Peace of Mind.” Now that the overseas sourcing of our product allows us to provide competitive retails and gross profits for our customers, we have already started placing the product on the shelves of some additional traditional retailers, and expect to add more in 2003.
The DC SecureView and powerline communication products in the transportation market have the potential to provide the largest opportunity for sales growth for the Company in 2003. We started developing this market in January 2002, and launched the first product along with our distributor, The Tyman Group LLC, in August 2002. The Company is taking an OEM approach in this market by providing the technology to significantly improve the operation of their current products in the marketplace until additional products are developed, while providing additional benefits to the end-user through savings in installation and maintenance along with improved performance. The customers we are currently targeting include Intec, Clarion, SafetyVision, International-Navistar, Delphi, ASA Audiovox and Magna-Donnelly. The Tyman Group’s major customers include McNeilus who is a major manufacturer of waste hauling vehicles, and Allied the second largest hauler in the United States. Further, we will pursue taking both an OEM and retail approach in the after-market sector by offering OEM solutions to companies such as Delphi and Navistar-International, while attempting to wholesale directly to retailers such as AutoZone and Sears in the retail distribution channel. We anticipate shipping our initial orders for this product in the first quarter of this year.
The Company intends to rejuvenate sales in the original marine product line. Because of the greater sales opportunities and research expenditures in our powerline product line, the marine category might not have received an appropriate share of attention in the recent past. As with SecureView, our primary distribution for Seaview Marine Products has been through internet retailers, cataloguers, and a few small traditional dealer stores. In 2002 we added the Sportsman's Guide as a main catalog retailer of Seaview products, and we have been shipping a special SeaLite (SL-20) for merchandising in the marine plan-o-gram of approximately four hundred Wal-Mart stores.
Also, we have already implemented an independent-contractor approach to penetrating and growing sales through a consistent schedule of attendance at Marine, Fishing and Boat Shows. We are also in the course of hiring independent sales representatives and "rep groups" to concentrate specifically on our marine products, with special emphasis on the SeaLite, which has more appeal and use by our target consumers in the fishing, marine, and recreational boating markets.
In addition to sales growth, the other main item on the Company agenda is acquiring additional financing to support the Company's expected sales growth. The Company secured initial funding of $1,000,000 in September 2002 from a private investment group. The final tranche of $300,000 will be received in February 2003. The Company worked to reduce SG & A costs in the second half of last year, and expects to continue this inclination, making our breakeven sales point achievable. Any additional funds raised would be intended for (a) increasing inventories to generate additional sales, (b) increasing direct television marketing efforts, and (c) designing and developing additional powerline communication product form factors, as well as a digital powerline solution for the commercial security sector. Achieving the digital solution will allow rollout of our Secureview Parking Lot Surveillance System [SPLSS], which will remain in the beta test phase until that time.
Although we may wish to explore many other issues and items, our focus is on sales growth and financing, to insure the flow of products and technology are readily available to sustain sales growth for the foreseeable future. If the time and resources allow it, we expect to expand our internet marketing, improve our marine product line, and increase our research and development to empower the company to take full advantage our greatest assets: Our people; Our product patents; and Our licensed powerline communication technologies.
We thank our stockholders, our customers and our dedicated employees for their support and confidence in our fine Company as we enthusiastically work to grow sales and profits, so that we may celebrate 10-year and hopefully 20-year anniversaries in the future.
Sincerely,
George S. Bernardich III
Chairman & CEO
The bucs kicked some azz tonight. Their defense was so fast and so strong that the raiders offense could not do anything. I guess that proves that the #1 defense beats the #1 offense.
GO BUCS!
SEVU security sales demonstrate an increase in sales from Q1 to Q2 of 47.8% and an increase in sales from Q2 to Q3 of 174%. Or an increase of 305% from Q1 to Q3. All this while reducing the sales price per unit substantially.
sounds to me like they are actually doing something. It may not be happening fast but it is happening.
imo
madhat, your exageration is your downfall and most likely why very few take you seriously.
imo
MH...
"George said all those responsible for false and misleading statements are gone or not in decision making positions. Well, is JR Cox still with the company?"
Did you even look at the new website for the officer's and directors? If you had you would notice that JR is not listed. As for the rest of your post, ..l..
imo
Mad, where is it explained. Post a direct answer to the question.
TIA
From what I can see he did pay for them to keep the company afloat. Also, they have not taken a salary for the entire time they have been there. So yes they most certainly have earned them. This company is lightyears (to the good) away from where it was a year or so ago. The class action is settled, product was in costso stores, the product is also all over the internet, including costco, HSN, etc...
Now demonstrate the actual proof you have for making such a claim or go away for another couple months.
imo
madhat, show me where George has gotten those shares. I see he owns 3-4 million shares.
imo
what the heck are you babling about?eom
just got to luv it...
SEVU news just out.(BSNS WIRE) SeaView Brings High-Speed Power Line Carrier Technology to the
SeaView Brings High-Speed Power Line Carrier Technology to the Transportation
Industry
Business Editors/Technology Writers
TIERRA VERDE, Fla.--(BUSINESS WIRE)--Aug. 13, 2002--SeaView Video
Technology, Inc. (OTCBB:SEVU) announces a new product line for the
transportation industry. Leveraging existing patent-protected Power
Line Carrier (PLC) technology, SeaView has built a new system that
runs voice, video, audio and data communication over DC (Direct
Current) power lines to add to their existing SecureView(TM) AC
(Alternating Current) product lines.
Within the transportation industry, SeaView's new DC product line
will initially be utilized on trucking and managed fleet vehicles to
provide a "near-wireless" high-speed on-board video solution. "This
solution will provide a tremendous economic value to the end-user,
both directly by improved ease of installation and decreased
maintenance cost, as well as indirectly by reducing insurance premiums
and increasing operational safety for any class of trucking vehicle,"
says George S. Bernardich III, Chairman & CEO of SeaView.
The system consists of small environmentally-sealed transmitter
and receiver modules, simply connecting to a truck's existing
electrical wiring harness. Video signals from a side-mounted or
rear-mounted camera are transmitted using PLC to a receiver and video
monitor mounted inside the truck's cab. The receiver module powers
itself and the video monitor via a standard cigarette lighter adapter,
intercepting and converting the video signal. SeaView's PLC technology
is compatible with existing video products accepting the RS-170/EIA
standard composite video signal.
SeaView's new PLC technology has been successfully installed on
both consumer and commercial trucks. Based on the success of these
initial installations, SeaView has received an initial order from The
Tyman Group, LLC for integration into their existing portfolio of
mobile observation solutions. Tyman Group President, Art Tyson,
commented, "SeaView's advanced DC Power-Line-Carrier capability for
trucking transportation vehicles affords the most progressive
`near-wireless' technology available on the market today."
SeaView is currently establishing channel partners for marketing
and distribution of this advanced PLC technology into the
transportation industry's trucking, commercial managed fleet,
passenger/school bus and automotive vertical markets.
About SeaView Video Technology Inc.
SeaView Video Technology Inc. designs, manufactures and markets,
among other devices, products and applications developed to transmit
voice, video, audio and data either individually or any and all
combinations over power lines, in AC and DC power environments, on any
and all power grids. The Company has also developed and manufactures
different kinds of underwater video cameras, lights and accessories
for the marine, commercial and consumer retail markets.
website: http://www.sevu.com
e-mail: investor@seaview.com
danno, sorry I didn't remember. It's all good!imo
moron, that clip was short, however extremely clear and quite entertaining. For someone who has spent many years fishing all over the world (mostly saltwater, fresh is boring to me) I have always wanted to see the view from below as a big blue stalked and struck at the large mahi designed artificial as it bubbled through the water like a comet through the galaxy leaving its gasious trail behind for all to see.
Yes, it was short, but the vision is endless.
imo
New video clip on sevu website...
http://www.sevu.com/videohi.htm
Moron, the costco stores received 48 units per shipment. I spoke to Tina at the staten island store (phone numbers were provided for your own confirmation). They had 14 left on the 12th of July. that is 34 units sold. According to tina, they received the 48 units in late may and I assumed it takes a couple of days for stocking, therefore June 1 thru July 12th is 6 weeks or 5.67 units per week. CALL AND VERIFY FOR YOURSELF!
As far as the costco you are speaking of in WA (I think), you said that they had 43 last week and 40 the other day. Therefore, they sold 5 units in two weeks (your time frame) and 3 more units in one week or an average of 2.67 per week. Still above the 2 units per week costco needs in order to justify the product.
put the two stores together and utilizing a weighted average calculation (seems fair) you get 4.67 units per week (ie. 34+8units divided by 6+3weeks).
All with no advertising!
LOOKS DARN GOOD TO ME.
imo
I thought this was a good post...
***EVERYONE***, I called costco on staten island...
(718) 982-9525
2975 Richmond Avenue
Staten Island, NY
I spoke to Tina who said they got 48 in house in late May and now have 14 left on the shelves. Therefore, the one costco has sold 34 units in 6 weeks or approximately 6 per week.
I heard that if costco sells an average of 2 units per week then they will place orders for a region or even the country.
Biz, do the math for me.
imo
Moron, I think it is more important to realize that when dealing with government (SEC or the courts) you never give more information than absolutely required to do so. If asked you answer truthfully (again if required) otherwise you don't do the other sides homework for them.
As far as openning up another class action, it would seem to me that the plantiff's attorneys would be the target of that suit. They should be worried if something big happens reasonably close to the conclusion of the ca.
As far as SEVU hiding info, Costco had secureview in plain site on there shelves at the end of may. YES!
imo