Gotin and Dan both posted a news release on Sep 30. The SEVU website has a little extra:
Dear SeaView Investor:
The Company continues to make steady strides in improvement. From a sales standpoint the company is on track toward achieving it's 5th consecutive quarter of comparative sales growth which also translates into the best year in the Company's history. And, we fully expect this trend to continue straight through 2004 and beyond. We recently announced receiving SecureView orders for the entire holiday season from American Manufacturing and Fulfillment, Inc. whose primary customer is Shop At Home Network TV. (Press release attached and below. NOTE: Our vendor agreement with AMF and Shop At Home TV prevent the Company from releasing any press releases via wire services using and/or naming any E.W. Scripps companies and/or affiliates which includes Shop At Home TV.) The orders represent the largest purchase of our SecureView, "camera in a light bulb", by a single customer in the Company's history. It also solidifies our expectation of continued comparative sales growth in our fiscal 4th quarter 2003.
The inventory ordered is expected to support SecureView™ "camera in a light bulb" airings on Shop At Home Network TV through December 2003. Further the Company expects to receive additional forecasts and orders for 2004 airings as well. Shop At Home Network, LLC, a 17-year-old nationally televised home shopping service, sells merchandise through interactive electronic media, primarily including broadcast, cable, and satellite television. Shop At Home currently reaches approximately 47 million full-time cable households and approximately 70 million cable households for some portion of the day through its nearly 500 affiliated television, cable and direct broadcast satellite systems, including DIRECTV (Channel 234) and DISH Network (Channel 224). Mr. Tellbeuscher and SecureView will return to the airwaves later this month once the recently shipped initial orders are available in Shop At Home Network TV inventory. For exact times, you may consult the program guide at the Shop At Home TV website: www.shopathometv.com. While we expect to return to the Home Shopping Network, Shop At Home TV Network dedicates nearly 150 hours per month to merchandising electronics versus as little as 10 hours per month on average at HSN which offers the opportunity to place SecureView in a more frequent rotation schedule at Shop At Home TV which is now happening.
<<News release clipped>>
We appreciate your support of the Company as we become the worldwide leader in the manufacturing and distribution of PowerLine communication products to consumer, commercial and industrial markets.
Sincerely,
Investor Relations
SeaView Video Technology, Inc.
727-866-7440; 727-866-7480 fax
AI
