PowerLinx Inc (PWNX)

[KendrickCook]

Francios, you neglect the most important factor,
Someone must BUY the cameras.
OK
Production is good.
UL #'s are good.
Shipping on consignment is good.
BUT, you still have a product that has shipped less than a few
hundred units, and most of them on 90 day terms.
Half the year is gone.............
Doug Baur is a contract employee. Therefore he was never really there.
The SEC is still investigating SEVU and McBride.
AND you still have this to contend with:

Cohen, Milstein, Hausfeld & Toll, P.L.L.C. Files Class Action Suit Against SeaView Video Technology, Inc.
TAMPA, Fla.--(BUSINESS WIRE)--May 17, 2001--The following notice is issued by the law firm of Cohen, Milstein, Hausfeld & Toll, P.L.L.C., on behalf of its client, who filed a class action today in the United States District Court for the Middle District of Florida, Tampa Division, on behalf of purchasers of SeaView Video Technology, Inc. (Nasdaq:SEVU.OB - news) during the period between March 30, 2000 and March 19, 2001, inclusive, Civil Action No. 8:01-CV-957-T-26 EAJ and which has been assigned to the Honorable Richard A. Lazzara.

The complaint alleges that defendants SeaView Video Technology Inc. and Richard McBride, President and Chief Executive Officer of SeaView during the Class Period, violated Section 10(b) of the Securities Exchange Act of 1934 (``Exchange Act'') and Rule 10b-5 promulgated thereunder, by issuing a series of material misrepresentations to the market concerning, inter alia, SeaView's expected revenue for 2000, its reported revenue for the second and third quarter of 2000, the demand for its products, and its ability to manufacture sufficient product to meet the purported demand. Specifically, defendants had led the market to believe SeaView would have gross sales of $46 million in 2000, yet gross sales ended up being slightly over $1 million. In addition, on March 19, 2001, the Company announced that it had determined that there were inaccuracies in its financial statements for the quarters ended June 30, 2000 and September 30, 2000 with regard to recognition of revenue as related to certain purchase orders. The restated revenue for those two quarters reduced revenue from $4 million collectively to approximately $550,000.

The plaintiff's counsel -- Cohen, Milstein, Hausfeld & Toll, P.L.L.C. -- has significant experience in prosecuting investor class actions and actions involving financial fraud. The firm has offices in Washington, D.C., Seattle, Washington, and New York and is active in major litigation pending in federal and state courts throughout the nation. You may visit the firm's website at www.cmht.com.

The firm's reputation for excellence has been recognized on repeated occasions by courts which have appointed the firm to lead positions in complex multi-district or consolidated litigation. Cohen, Milstein, Hausfeld & Toll, P.L.L.C. has taken a lead role in numerous important cases on behalf of defrauded investors, and has been responsible for a number of outstanding recoveries which, in the aggregate, total over a billion dollars.

If you purchased shares of SeaView Video Technology, Inc. during the Class Period, you may move the Court no later than July 16, 2001 to serve as lead plaintiff for the Class. In order to serve as lead plaintiff, you must meet certain legal standards.

If you have any questions about this notice or the action, or with regard to your rights, please contact either of the following:

Steven J. Toll, Esq. Robert M. Smits Cohen, Milstein, Hausfeld & Toll, P.L.L.C. 1100 New York Avenue, N.W. Suite 500 - West Tower Washington, D.C. 20005 Telephone: [phone] or 202/408-4600 E-mail address: [e-mail], [e-mail]