***¶*** SEVU to be sold in COSTCO's.....
SeaView Hooks Trophy Angler, Costco
ST. PETERSBURG, Fla.--(BUSINESS WIRE)--May 23, 2001--SeaView Video
Technology, Inc. (OTCBB:SEVU) (www.sevu.com) today announced two new
retail partnerships for SeaView products. Jimmy Houston, a top angler
in B.A.S.S. and other associations, (www.jimmyhouston.com) operates
marine dealerships in the boating-intensive areas of northeast
Oklahoma and northwest Arkansas, a travel division specializing in
sport-fishing destinations, and a television production company.
Houston, "The Cookson Kid," also billed as "America's Favorite
Fisherman," hosts a weekly television show on cable network Espn2.
Ken Crolee, Director of Marketing for Jim Houston, Inc., said,
"Jimmy Houston looks to establish a strong working relationship with
Team SeaView, and grow as SeaView grows with their quality line of
innovative products. Within this partnership SeaView products are to
be sold in all of Jimmy Houston's stores by Father's Day. The first of
6 orders shipped today and the balance to follow in the next several
days. In addition to selling SeaView products Jimmy's production crew
will start filming their show with SeaView underwater video cameras,
as early as next weekend. Consumers can see the SeaView products in
use on Jimmy Houston Outdoors and Jimmy's Outdoor World on Espn2."
George S. Bernardich III, CEO, said, "I am extremely excited about the
addition of Jimmy Houston, Inc. to Team SeaView. His television shows
air 52 weeks per year and his Hall of Fame freshwater fishing status
will greatly enhance SeaView's growth in the freshwater fishing
market."
SeaView has entered the wholesale club arena with Costco Wholesale
Corporation (Nasdaq:COST), the largest wholesale club operator in
the United States. SeaView COO Michael A. Ambler announced that
SeaView has been awarded a Costco vendor number. "This is the first
and most critical step in the business relationship, and it has been
in process for several months," Ambler stated. "A vendor number is
required to do business with all of the major retailers in our market
segmentation plan, as it is the basis to set up our EDI system for
orders, shipping and invoicing. We currently have several vendor
packages in process and I will announce those as we receive
confirmation of those vendor numbers. Costco is a key partner in the
wholesale club market segment that will bring SeaView and SecureView
products to its 30 million members via the internet and its 300
membership-warehouse stores."
Parking-lot security problems have been the subject of recent
reports on CBS-TV's "60 Minutes." Over 2.3 million Americans were
victims of theft in a parking lot or garage in 1999, according to US
Statistical Tables. The SecureView R&D team fielded several requests
for cost effective solutions to parking-lot surveillance.
Preliminary site surveys and equipment recommendations have been
completed for a key mass-market retailer. Using SecureView patented
IRFS technology, parking-lot cameras deliver video to TV monitors
inside the store, where they can be seen both by customers and store
security personnel. "Smart" switchers and direct-to-disk recording
equipment are options which integrate with a store's existing CCTV
equipment. Costing dramatically less than other CCTV systems,
SecureView installations are quickly achieved without additional
wiring. Maintenance is also simpler, since local electrical
contractors can replace the units instantly, simply by screwing in
another "bulb."
ABOUT SEAVIEW VIDEO TECHNOLOGY INC.
SeaView Video Technology, Inc. manufactures, distributes, and
sells marine, medical, and security-related video camera equipment.
They are the largest manufacturer of Infrared Underwater Camera
Systems. SecureView, the Company's innovative "camera in a light
bulb," incorporates proprietary IRFS(tm) technology to transmit live
video through the electrical wiring of any home, office, or building.
SecureView installs and sets up quickly and simply, eliminating
expensive installation costs, drilling and cables. SecureView DC(tm)
uses the same principles to transmit live video through the electrical
systems of vehicles, trucks, buses, ships, and railway rolling stock.
A version of IRFS capable of LAN/WAN data transmission over power
lines has also been introduced. The Company's marine and security
products are GSA listed. Its technology is covered under 14 patents
granted and two patents pending.
SeaView trades under the OTCBB symbol SEVU.
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.
--30--mk/mi*
CONTACT: SeaView Video Technology, Inc., St. Petersburg
J R Cox, 727/866-3660
email: info@sevu.com
website: www.sevu.com
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