Tuesday, September 30, 2003 12:43:30 PM
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30 September 2003, 11:08am ET
TIERRA VERDE, Fla.--(BUSINESS WIRE)--Sept. 30, 2003--SeaView Video Technology, Inc. (OTCBB:SEVU), the industry leader in powerline technology, has received orders for the company's patented power-line SecureView(TM) "camera in a light bulb" from American Manufacturing and Fulfillment, Inc. The Tennessee Company services Direct Response Television retailers, as well as several other catalog distributors and retailers. In addition to supporting the Shopping Television Network airings, which are set to run from October through December, AMF will partner with the Company to grow sales in this distribution channel through other established AMF business relationships. 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 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. When SecureView(TM) airs again on Direct Response Television throughout the fall and holiday season; customers will be able to see first hand the numerous benefits and easy 1-2-3 installation of the SecureView(TM) camera system.
"AMF will significantly expand on SecureView's initial success in the direct response television retailing arena last year. The initial airings on a Direct Response TV retailer, which began in August of this year, were extremely successful. And, reorders for thousands of units certainly validates that success as the AMF business to support this direct response campaign will result in several hundred thousand dollars in sales. Further, we expect to continue airing SecureView and new products currently in development in 2004 as well," states Michael Ambler, President & COO of SeaView. "We have shipped the initial orders with product that included printed circuit boards manufactured by our strategic Chinese partner SIC. This change in sourcing will improve our gross profit for our SecureView product line. We are extremely excited about not only the sales potential with AMF, but the opportunity to educate so many consumers on the advantages of SecureView and power-line technology in general."
About SeaView Video Technology Inc.:
SeaView Video Technology Inc., http://www.sevu.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.
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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