Monday October 8, 6:05 am Eastern Time

Press Release

SOURCE: SeaView Video Technology, Inc.

Rich McBride, SeaView Founder, Falls to Heart Attack
ST. PETERSBURG, Fla.--(BUSINESS WIRE)--Oct. 8, 2001--SeaView Video Technology, Inc. (OTCBB:SEVU - news) is today mourning the death of Rich McBride, the man who launched the company from the back of a fishing boat in 1997. According to George S. Bernardich III, SeaView CEO, McBride walked into a St. Petersburg area emergency unit early Sunday morning, following a night of discomfort. He then succumbed to cardiac arrest, and fought through several subsequent attacks. He died at approximately 11 am on October 7.

A former advertising executive and marketer, McBride was an early pioneer in direct-response television advertising. He worked as a special consultant to the William B. Tanner Co., the former Memphis, TN-based media and advertising giant, prior to opening his own firm in Ohio.

After growing and selling the advertising company, McBride ``retired'' to Florida to pursue his passion for fishing. It was there, on the fishing deck of his 60-foot sport boat ``Rendezvous,'' that he designed and built the underwater video camera that would become SeaView.

The camera's word-of-mouth popularity convinced McBride he had a hit on his hands. From a small retail store, the company quickly grew to occupy a major portion of the office space at a Tierra Verde, FL, resort. An investor group proposed a reverse merger in 1999, and the Company, with McBride as CEO, began trading as SEVU on the OTC Bulletin Board.

Following the introduction last year of the SecureView ``camera in a light bulb,'' McBride named Bernardich as Chief Operating Officer. Bernardich succeeded McBride as President-CEO in February of this year. McBride was engaged as an R & D consultant and had awarded SeaView a 14-year license on his camera patents. ``The entire SeaView family was shocked and stricken by the loss of a dear friend and business associate,'' Bernardich said. ``Now, this company is his legacy; and we intend to continue making him proud of its accomplishments.'' Bernardich indicated that the Company website would relay further details regarding funeral arrangements.

OT: FG,

As a businessman, you know that production does not always happen the way it is planned out. Can you please tell me how long you been developing your boat? Have you made any changes from the first design? What was your biggest challenge in finding a boat builder that was willing to partner with you?

May I ask what you did before age 31 that allowed you to retire for a time and sail the world? How long did you sail around for?

I understand that some are pissed regarding the latest PP. Some have even suggested that laws have been broken. Can anyone direct me to the securities law that explains which law has supposedly been broken by the BOD?

OT:

Nortel shocks investors with warning of $3.6B loss
http://www.usatoday.com/money/tech/2001-10-02-nortel.htm


Items taken from the article.

Did the CEO lie or was he being optimistic about the future?

“In the near future, Nortel expects quarterly revenue of less than $4 billion. That's a far cry from the $5 billion Nortel told investors to expect just months ago. “

“In July, Nortel posted a stunning $19.4 billion second-quarter loss, including asset and inventory write-downs.” “That includes a $750 million write-down of excess inventory.”

I wonder how many MBAs and Harvard types they have at Nortel? In business things don’t always go as planned.

“"Visibility," or the ability of management to predict future results, is still cloudy”
“In regular trading, shares fell 3% to $5.29 — 92% off their 52-week high of $70.”

Did Roth step down as CEO for the company or because a message board poster told him too??

“CEO John Roth would be replaced”” Roth will become vice chairman”

Is Seaview the only stock whose share price is off this year? Not by a long shot.
Can some of our problems be pinned on the former CEO? Yes.
All of our problems? No
Do we have a new CEO and Management team at Seaview? Yes
Do people want to talk about the future of Seaview on this board (beside Bigbizz)? No
Do people want to talk about the new management team at Seaview? No
How many here think this board should be re-labeled the Rich and Frank show?

Some hear would have you believe that Seaview is the only stock that is currently down. Remember Seaview is a start-up company. Do you own research

Seaview – down 96%
Intel – down 59%
Dupont – down 25%
Ford – down 43%
GM – down 37%
AOL – down 47%
Doubleclick – down 84%
Microsoft – down 30%
International Paper - down 20%
CISCO – down 81%
Sun Micro – down 87%
Oracle – down 69%
JDS Uniphase – down 94%
DELL – down 43.92
Applied Micro – down 94%
NEXTEL – down 84%
GE – down 37%
Siemens – down 52%
ABB – down 64%
Honeywell – donw 54%
Compaq – down 74%
QWEST – down 70%
AT&T – down 35%
HP – down 69%
Lucent – down 83%
Exxon Mobil – down 16%
Disney – down 55%
Six Flags – down 55%
JP Morgan – down 39%
Citigroup – down 26%
Wal-Mart – down 11%
Sears – down 23%
Gap Inc. – down 66%

FG,

Do you have access to McBride’s accounts?

“How did he become a multi-millionaire in the following couple years, WITHOUT selling any of his restricted stock, continues to remain a Mystery, that should soon be unravelled...”
http://www.investorshub.com/boards/read_msg.asp?message_id=185645

Tell the truth FG…. you have no way of knowing what this guy was or is worth. ABSOLUTELY NO CLUE

FG,

I have no problem with you showing the negative of Seaview. As an investor I need to be aware of all issues surrounding my investment so that I can buy more, sell or hold my position. For the last six weeks you have done nothing but hammer home your displeasure of Seaview and McBride. I think by now the people that follow this board know how you feel about both.

Anyone looking at this board for the first time would find it hard to believe that you are long in this stock. Even when positive news comes out you blow it off as old news. “The last PR is just a pitiful rehash of mostly known events that adds nothing to SEVU's Credibility but clearly demonstrates that Management will stop at nothing to try and prop the stock...” http://www.investorshub.com/boards/read_msg.asp?message_id=184806 When posters talks about the future you talk about the past. When someone says a positive thing about Seaview you discredit their opinion by saying they refuse to see the big picture (not an exact statement from FG) or that they have been lied to, therefore they should hate Seaview as much as you do (not an exact statement from FG). By the way, I’m not a crony or cheerleader, I’m just an investor who has a different opinion then yours. I see the light at the end of the tunnel while at the moment the only thing you see is the dark.

If you have a case, and it’s valid, you’ll have your day in court and I hope you get what you want. Likewise if it ends up that your lawsuit is without merit, I hope both Seaview and McBride turn the tables on you to recoup the cost associated with defending the company and himself.

Hope all of you have a good day,

Dave

I have also requested these forms for the board memebers and McBride. I hope this will put an end to all of this. It will cost me $0.24 pre page but it will be worth it to me to have some closure on this subject.

I ask for them on Aug. 22nd so I hope to have an answer soon.

Back in August I sent this to the SEC regarding forms 3, 4 and 5. They said it would take 10-15 days for an answer and it looks like they came through, although it took a little longer.

I have additional information coming and will post it once I receive it.

-----Original Message-----
From: xxxxxxx
Sent: Monday, August 20, 2001 2:18 PM
To: 'publicinfo@sec.gov'
Subject: SEC Question


Can you please give me some information regarding paper filings for from 3, 4 and 5?

If a company, or one of its officers, submits paper copies of these forms, do you enter the information in the EDGAR electronic database for viewing over the Internet?

If yes, how long after the submittal of the forms before they are posted?

If no, where can I view these documents and how many months worth of information do you keep in the file?


-----Original Message-----
From: PublicInfo [mailto:PublicInfo@SEC.GOV]
Sent: Thursday, September 13, 2001 5:03 PM
To: xxxxxx
Subject: RE: SEC Question


HO-322335

If Forms 3, 4, 5 are submitted in paper format, they are not enter them onto the EDGAR database. The documents are scanned into a .PDF format and are then made available through Disclosure, Inc. (the SEC's contract dissemination company).

To view the filings, you may either come into the Public Reference Room in the headquarters building located at 450 5th Street, N.W., Washington, DC 20549. You may also submit a request to get copies of these documents by sending a written request via U.S. mail, fax or email. Use the above mailing address and put it to the attention of the Public Reference Room. The fax number is 202.628.9001 and the email address is publicinfo@sec.gov. Please include a daytime telephone number, a return postal mailing address and a detailed statement of what you're looking for.

The retention period of these filings is 6 years.

VAL/mdw

Frank, George receive 100,000 of those shares for running the company for the year. Hardly free. I’m sure he could have pulled down a nice salary if he stayed at Penny’s in my opinion. Based on the $$ amount of payroll for the past quarter it looks like he is not drawing a very large, if at all, salary.

GMA is big time!! Everyone will be seeing it…SECUREVIEW

Frank, Can you please tell the board where we can buy/view one of your famous boats. I'm sure you must have a number of distribution channels....don't you?????

I have also called Hartland America and asked for Item No. WW22-93784.

I was told they no longer carry the Security Weatherproof Camera

For Product availability please call 1-800-229-2901

What are you talking about AuntieJ

http://www.heartlandamerica.com/HTMLA/ProductTemplates/product.asp?SKU=93784

FG,

I don’t believe that you have clearly established that Seaview, or anyone connected to Seaview, has definitively violated section 17b of the Securities Act of 1933. I read section 17b as though the person must receive a consideration (payment) for promoting the stock before they have broken section 17b. Can you provide this board with proof that anyone at Seaview, or connected with Seaview, has been paid directly or indirectly, for posting on this or any other message board for the purpose of enticing people to buy stock in this company? Please don’t tell me they are on the Seaview payroll therefore they are being compensated.

Taken from Section 17B, Securities Act of 1933

It shall be unlawful for any person, by the use of any means or instruments of transportation or communication in interstate commerce……….. though not purporting to offer a security for sale, describes such security for a consideration received or to be received, directly or indirectly, from an issuer, underwriter, or dealer, without fully disclosing the receipt, whether past or prospective, of such consideration and the amount thereof.

Why do you keep making the assumptions that individuals at Seaview, or connected to Seaview, are not smart enough to make sure they are not violating SEC rules and regulations? Do you really think they have not received a legal opinion on this matter in light of the SEC looking under all of their stones?

FG

If you can provide proof that the necessary forms have not been submitted to the SEC, I’ll apologize to you and the rest of the free world. But until you supply proof, from the SEC, that the forms have not been submitted, then your information can not be looked at as fact and should always care the disclaimer that it is only you opinion.

FG, I’m guessing from your post that you have not done all the DD on the filings, as you should. You have made a number of statements (although only your opinion) that Seaview and others have not filed the correct forms. You have made the assumption that paper filings finally make there way into the electronic format which looks to be untrue.

My question is….Have you or have you not made a written request for all form 3, 4, and 5 filed with the SEC over the course of the past 5 months for Rich and George? Have you requested any of the other forms that you insist have not been flied? You and others have presented your position as fact in some cases, what do you have to say about this. Please don’t tell me that they should make it easy for you. The SEC allows for paper filings

By the way, the person I talked in the SEC Public Reference Room informed me that the requested forms would not be stored in Washington DC. Even if you went there for the information it would still take 10-15 days.

I just talked to the SEC Public Reference Room in Washington DC, 202-942-8090. They told me that forms that are submitted on paper are not loaded into EDGAR. If you want copies of submitted forms then you must submit the request in writing (mail, fax, snail mail) with company name, address and other usefully information such as the CIK Code (Seaviews CIK Code is 0000894536). Inform them of the information that is being sought. Within 10 to 15 days they will reply to you request. They will inform you of the cost associated with your request, $0.24 to copy each page. You may pay with a VISA card.

FG,

Those look to be filed electornically. What happens to paper filings?

Question for all the people that insist that the Seaview, and its major stockholder, have not filed the appropriate forms.

Have you visited or requested copies of the paper filings that the SEC keeps at the Public Reference Room in Washington DC?

Paper filings are available in the PRR on a self-service basis for thirty days. After thirty days, paper filings made on or after January 1, 1995, other than Ownership and Restricted Securities Reports, are made available in the PRR on the Global Access Data System and on CD-ROMs. Ownership and Restricted Securities Reports filed on or after January 1, 1998, are available in the same manner. Paper filings made prior to these time frames are maintained in microfiche.

http://www.sec.gov/edgar/aboutedgar.htm

Other documents may be filed on EDGAR voluntarily, and consequently may or may not be available on EDGAR. For example, Forms 3, 4, and 5 (security ownership and transaction reports filed by corporate insiders) and Form 144 (notice of proposed sale of securities) may be filed on EDGAR at the option of the filer.

Has anyone verified with the SEC Public Reference Room in Washington, DC whether paper copies of Seaviews affairs (company and major stockholders) have or have not been filed on paper?

http://www.sec.gov/info/edgar/prrrules.htm

When filing forms 3, 4 and 5 on paper, does the SEC upload this information into EDGAR so that it can be viewed over the Internet?

I would appreciate any factual information that anyone might have on this subject.

I have sent the SEC an email at publicinfo@sec.gov but have not received a response. Maybe someone can suggest another email address that I can send this question to.

I have a feeling that big news is coming……Is it possible that some of the marine products will be in major retailers by xmas

http://biz.yahoo.com/bw/010816/162352.html

SeaView CEO George S. Bernardich III and COO Mike Ambler returned last week from a product-sourcing trip to China. In addition to a new-product review, the executives solidified plans to source the popular SeaLite and TrakView marine products offshore at a cost savings of 50 to 70 percent. Said Bernardich: ``This will allow us either to increase margins, or lower the wholesale pricing while holding margin and increasing market share.'' He indicated the initial deliveries would be timed for this year's holiday-season retailing.

FG, Actually if you want to help me out point me in the direction of Rule 506 of regulation D

Frank, My relationship to Seaview or Mr. McBride is of no concern to you or this board.

Would the real armchair CEO please stand up?

In a little over a year these are the deals and/or sales that SeaView has released. Not only is Seaview trying to bring a new product/technology to market, they are also burdened by the fact they must build a distribution channel for their product. Up to this point they have been selling direct to the public and government, through a network of approximately 700 independent dealers and through an expanding retailers network. They have done all this with an extremely small staff and I’m sure they have all been work their butts off. You don’t just open up shop one day and get this types of client list by sitting back and waiting for people to come to you.

By the way…no I’m not happy about the PP and I would think they could have gone about it in a different way. The bottom line is that they (the board) could have given Rich, George, JR, suppliers, vendors and the rest (whoever they may be) a lot more free shares without requiring them to invest one single dime in Seaview and there wouldn’t be anything you guys could do to stop it.

How many of you would be pissed off if Rich had given up those 350,000 plus share and the stock was now trading at $2.00. If that were the case then everyone would be patting himself or herself on the back because we were invested in this company. When you use stock to run a company you never can be certain what the out come is going to be for the person or company that is taking the stock. George took 100,000 shares back in February worth about $80,000 at the time. Four months later it was worth about $25,000 noe its worth about $40,000. Should we go back and double that number because the stock has fallen?

One more thing, there is an asset worth about $800,000 sitting on Seaviews books. Thank you Rich for this gift. George can you unload the springs and use the money for production?


New Technology Management, Inc., GSA purchasing site, SmallBizMall.gov www.8amall.com
SmartHome.com - http://www.smarthome.com
Heartland America - http://www.heartlandamerica.com/HTMLA/ProductTemplates/product.asp?SKU=93784
West Marine - http://www.westmarine.com/
Unified Marine - http://www.unifiedmarine.com/
SkyMall Inc. http://www.skymall.com/cgi-bin/WebObjects/Store.woa/wa/search?kw=seaview&sid=57168285@0&x=36...
SuperCircuits, Inc. – www.supercircuits.com, http://64.132.25.173/servlet/cat/product/CVL32.html
Linda England and Fredda Lee – Pro bass fishermen – www.allprobass.com
Henery Waszczuk – Canadian Sportfishing TV show – www.finsandskins.com
Jim Huston – Top angler in B.A.S.S. / TV show on ESPN2 - http://www.jimmyhouston.com/
Costco Wholesale Club - http://www.costco.com/frameset.asp?trg=product%2Easp&catid=79&subid=83&hierid=2572&p...
View-It Security of Arizona
700 plus independent dealers selling fishing and scuba equipment
Federal Express
Tropicana Juice a unit of PepsiCo
Home Depot
The FBI
Police and Fire Departments across America
School systems across America
The Sports Authority
US Coast Guard
US Customs
Marine Patrol
Boarder Patrol
SR Communications Inc. / Cash America International
JCPenney Loss Prevention
Wal-Mart
Target
REIT General Growth Properties Inc.

FG, Before I put another dime in this company, I would have to see what the outcome of the recently filed class action suit is going to be and/or solid PR’s with $$s tied to them.

shamus, what makes you think I have an inside relationship with Seaview?

Mad, what kind of financing would you have done?

The shorts have got to be loving all this turmoil. The longs are turning on each other and the chairman of the thread gets the boot.

Mad, You ask what did you get for your money? Well I would guess that you got 9 million dollars of backlog that Seaview could not delivery on because of engineering and parts problems. Seaview got overly optimistic about their ability to produce large enough quantities of Secureview. Now some , he** maybe all of the backlog, have been lost because their inability to delivery in a timely manner. They now must re-capitalize the company to start up once again.

Frank, You can always go back over to RB.....Come to think of it didn't someone say you got the boot from RB?

The current management team has been moving this company steadily in the right direction. The deals are coming together and they no longer offer up huge forward looking statements. They took control just about six months ago and have had a tuff ride. Maybe the chooses they have made are not inline with what some of us would like but they are the ones running this company not you or me. The issuance of 17 million share in the PP looks to be a bit much but it’s difficult to say that without knowing what the current funding requirements are. For all we know they needed this much capital to get big production runs moving for the marine products or Secureview. If Seaview’s suppliers are requiring net 30 and the retail people are giving Seaview net 90, then they are going to need all of this money to fill up the retail pipeline when the orders start to flow in.

Just for the record it is refreshing to see management put their ba**s on the line for the company. Many CEOs roll in getting the board to agree to a huge salary with hefty stock options. We got a CEO who has put his money into the company right from the get go. Instead of demanding money, he has been giving us money to keep this company moving forward. I know some off you will tell me that they are robbing me blind with this PP. Maybe they are…maybe not. I don’t have all the facts at this point to know why they have done what they did. If nothing else I’ll turn off the light when its all over with.

All my opinion

Frank, I suggest that you get up in the morning, file your 144 and sell you shares. Then go straight to your mother (code word for lawyer) and tell him/her that another big bad company took all your money and that you want to take them to court. Please make sure that you tell the judge that George runs the company and not Rich. I wouldn’t want you to be giving out false information like the class action suit is doing.

Frank, you are truly a joke. Maybe A&P had you pegged after all.

"talk all you want, as NOTHING will be DELETED, as it's future COURT material...."

Court material....hahahahahaha

Why not get over McBride.....George is in charge now.

By the way...what did you pay for your shares....you know the ones that you were ready to write the check for after you saw the video in Jan. 2000. Did you get in at 50 cent Frank or was it a buck. You sure thought it was a good deal then when you were buying shares at 1/3 the market price.

31-Jan-00 4 4.50 3.875 4.25 60,100 4.25
28-Jan-00 3.50 4.50 3.50 3.875 128,700 3.875
27-Jan-00 4.125 4.25 3.25 3.4375 250,500 3.4375
26-Jan-00 5 5.1875 4.4688 4.4688 257,500 4.4688
25-Jan-00 4.25 5 4.1875 4.9531 308,300 4.9531
24-Jan-00 3.50 4 3.4688 3.9375 202,800 3.9375
21-Jan-00 2.9062 3.375 2.9062 3.375 132,200 3.375
20-Jan-00 2.8594 3 2.6875 2.9375 119,400 2.9375
19-Jan-00 2.8125 2.9375 2.75 2.8438 72,600 2.8438
18-Jan-00 2.375 2.9688 2.125 2.9375 224,400 2.9375

FG, where would you have raised the money if this was your company? Take into consideration that you have a pending lawsuit against the company that could force it into bankruptcy and very little sales history to show a track record. I’m not saying what Rich did was right but the PP came from George not Rich.

FG, what are you going to do with your Secureview now that Seaview management has let you down?

FG, I’m guessing that McBride will no longer take your calls……Why don’t you start calling George since he is the CEO at Seaview

Frank,

What was you strike price on your restricted shares? I know someone who paid $2.00 when the price was over $6.00 back in late Feb 2000/early March 2000. I didn’t think it was fair at the time but on the other hand he was locked in for the year. He took the chance for a big pay day. Currently it doesn’t look like he will see it any time soon but he is still holding. If the average over the time frame that you mentioned is indeed 30 cents then 10 cents may be in line with what people received early last year.