InvestorsHub Logo
Followers 123
Posts 7820
Boards Moderated 0
Alias Born 08/27/2000

Re: Diverdan post# 14673

Wednesday, 02/26/2003 10:46:34 AM

Wednesday, February 26, 2003 10:46:34 AM

Post# of 15369
TIERRA VERDE, Fla.--(BUSINESS WIRE)--Feb. 26, 2003--SeaView Video
Technology, Inc. (OTCBB:SEVU) has shipped an initial order for the
company's patented power-line SecureView "camera in a light bulb" to
Grupo Sanborns, S. A. de C.V., of Mexico. Sanborns is a 100-year-old
retailer originally formed as an American Drugstore in Mexico City in
1903.
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 secure real-time 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. SecureView's easy 1-2-3 installation
provides the customer "Powerline Peace of Mind" in minutes with
portability and range that far surpasses typical hardwire or wireless
cameras currently available
"Sanborns will bring SecureView into the traditional retailing
arena for the first time in Mexico and will expand our market beyond
United States distribution," stated Michael Ambler, Chief Operating
Officer of SeaView. "We are extremely excited about not only the sales
potential from Sanborns, but the opportunity to educate so many
consumers on the advantages of SecureView and power-line technology in
general throughout Mexico."

About SeaView Video Technology Inc.:

SeaView Video Technology Inc. (http://www.seaview.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.

About Grupo Sanborns, S. A. de C.V.:

Grupo Sanborns, (Mexico Bolsa: GSANBORB1.MX), celebrates its 100th
anniversary this year as the company that was formed by Walter and
Frank Sanborns in 1903 as an American Drugstore in Mexico City. In
Mexico, few retailers are as steeped in history as Grupo Sanborns. The
retailer is 79%-owned by Grupo Carso, which itself is controlled by
the Slim family, the richest clan in Latin America. Sanborns has an
85% stake in Sears de Mexico (more than 40 stores). It also owns more
than 100 Sanborns Hermanos stores (a combo of restaurants, drugstores,
and book and gift shops); more than 30 Sanborns Cafes; about 50 Mixup
and Discolandia music stores; Pasteleria Francesa El Globo (pastry
shops); and a Web site selling books, music, toys, and drugs.

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.






I'm getting thirsty dammit!

Oh yea, everthing is my opinion only. Please make your own decisions and consult your own financial advisors for both investment and income tax issues.