11-14-2000
ST. PETERSBURG, Fla., Nov. 14 /PRNewswire/ -- SeaView Video Technology
Inc. (OTC Bulletin Board: SEVU) (www.sevu.com) today announced the Company is
now taking orders for Denta-Cam(TM), a new specialized video camera for dental
use. "One of the unique qualities of all SeaView cameras is the detailed image
available at close range," said VP New Products, J R Cox. "The infra-red
diodes provide a high-definition view. The product has been in testing and we
have had great response."
"Denta-View allows the dental practitioner to show the patient a live
picture, and illuminate problems," said CEO Rich McBride. "Current competition
uses expensive fiber optics, and the devices must be inserted into the
patient's mouth. They sell in the $4000 range. Denta-Cam will sell at $699.
Perhaps the greatest advantage we have, is that it already exists in
mass-production -- it's an unweighted Super-Mini camera with the addition of a
positioning stand. An illustration will be available right away on our
Web site, with photos shortly after, as we are changing to a new monitor
stand."
According to General Sales Manager Christy Mutlu, "SecureView sales to
schools and police agencies are increasing every day. This area is going to
grow and grow. Just yesterday, we received in inquiry from the IRS about the
system."
SecureView Update And Message From CEO Rich McBride:
"I have received numerous inquiries into the production status of
SecureView cameras. Because the security market is huge and highly
competitive, these are areas we feel should remain proprietary. I can tell you
we have several suppliers making cameras, and we are shipping. The idea is to
get it out into the market, and in real use with consumers. We will reaffirm
the product is functioning perfectly in the real world before I risk a major
production run.
"I have arranged a $3-Million personal loan to begin moving towards major
mass production. We estimate we will be able to run approximately 3000 units a
day with current tooling. I've already authorized the start of multi-cavity
dies to expand that output next year.
"The Taiwan SecureView order is on the front burner. I wish I could
explain this in further detail; I can only say, they want the camera, and that
I have a high comfort level with this coming to fruition soon.
"I've also decided to resume the "View from the Bridge." We feel the
public disclosure is acceptable, announcing that additional information is
available on the Web site. Please refer to www.sevu.com for additional
information.
"Finally, I would like to invite everyone to the American Power Boat
Association Team SeaView 2000 World Championships, held this weekend in our
hometown of St. Petersburg, Florida. This is the largest boat race event in
the world, and should draw nearly a quarter of a million fans. We're also
proud to sponsor again the World Billfish Tournament in Cabo San Lucas,
Mexico, starting November 30. Both events will be televised nationally at a
later date."
About SeaView Video Technology Inc.
SeaView Video Technology, Inc. manufactures, distributes, and sells marine
and security-related video camera equipment for recreational and commercial
customers worldwide. They are the largest manufacturer of Infrared Underwater
Camera Systems. SeaView Marine Division products are now available through a
Dealer Network of over 800 retail store dealers.
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.
SeaView trades under the OTC BB symbol SEVU, and has applied for a listing
on the American Stock Exchange (the symbol STV has been reserved). Estimated
3rd Quarter 2000 sales increased 1800% over the same period in 1999.
Web site: www.sevu.com
e-mail: info@sevu.com
Message board: www.investorshub.com (keyword: SEVU)
Investor Information: McBride & Associates, 727-820-0711
(www.rlmcbride.com)
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