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¶*** SeaView to Post 55% Sales Gain for Q2...




ST. PETERSBURG, Fla.--(BUSINESS WIRE)--July 2, 2001--SeaView Video
Technology, Inc. (OTCBB:SEVU) (www.sevu.com) held its annual meeting
of stockholders on Friday, June 29, 2001 at 6:30 PM at the Company's
corporate offices. Stockholders in attendance voted on a slate of
Directors and heard presentations from the executive management team.
In his keynote address, President-CEO George S. Bernardich III
stated: "Growth is in our future. The Company will focus efforts on
the `basics of business,' which in the simplest of terms is: build the
product, sell the product, and reinvest the earnings to grow the
business. SeaView is, for the first time in our history, poised for
our first growth surge!" In addition, Mr. Bernardich reviewed the
recent success and acceptance of the SecureView Parking Lot
Surveillance System. That success, along with positive reaction from
Restaurant & Bar owners, has positioned the commercial-sales division
as the Company's sales-growth leader this year. FedEx Corporation has
ordered SecureView systems for evaluation, and a major fast-food
company and a national auto dealer both are awaiting formal
presentations on the SPLSS. Mr. Bernardich also showed video of
current production in progress, a parking-lot-surveillance-system
PowerPoint presentation, and videotaped comments from Company
spokesperson Mike Ditka, which included Ditka's appearance in a
SecureView TV commercial.
Michael Ambler, COO, stated: "We have several vendor agreements in
various stages of processing and we will announce these retail
partners as soon as we possibly can. And, we continue to expand our
team of manufacturer's sales representatives. We will also begin
sourcing SeaLite, our fastest growing marine product, overseas by
year-end. We will continue to explore cost-saving opportunities to
either improve gross margins or increase market share through
increased sales at more competitive retails in the marketplace."
Doug Bauer, CFO, reviewed the progress of the financial
infrastructure of the Company including the installation of new
accounting software. Doug also had the pleasure of announcing
preliminary sales results for the quarter ending June 30th.
"Preliminary 2nd Quarter 2001 sales are $520,000 versus $335,120 last
year, or a 55.2% sales gain," Bauer announced. "Gross profit is
expected to be 55% plus, based on preliminary calculations. We are
very excited about this growth, considering that significant
SecureView delivery did not take place until early June." Bauer also
emphasized, "We are essentially a debt-free company, as we have only
trade liabilities and no long term debt."

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 OTC BB symbol SEVU.
website: http://www.sevu.com
email: [e-mail]

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--jd/mi*

CONTACT: SeaView Video Technology, Inc., St. Petersburg
J R Cox, 727/866-3660
email: [e-mail]