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.
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