[2] SeaView Board Approves Stock Buy-Back.ST. PETERSBURG, Fla.--(BUSINESS WIRE)--Dec. 1, 1999-- The Board of Directors of SeaView Underwater Research, Inc.(OTCBB OTCBB See OTC Bulletin Board (OTCBB). :SEVUE) this morning approved a resolution authorizing the Company to buy back SeaView common shares. The move was announced just before noon today by SeaView President and Chairman, Rich McBride ''This article or section is being rewritten at Rich McBride (born Jan. 29, 1985) is a Division I college basketball player at the University of Illinois, Champaign-Urbana. He is currently in his Senior season and is averaging just over 10 points per game. . "Timing and investment potential are certainly positive for this move," McBride stated in his announcement. He also referred to SecureView(tm), the company's latest new product, as the "camera in a light bulb," and confirmed the SecureView worldwide introduction at the Consumer Electronics Show, starting January 6, 2000, in Las Vegas Las Vegas (läs vā`gəs), city (1990 pop. 258,295), seat of Clark co., S Nev.; inc. 1911. It is the largest city in Nevada and the center of one of the fastest-growing urban areas in the United States. . "The real miracle of SecureView is," McBride says, "it uses your electrical wiring Electrical wiring in general refers to insulated conductors used to carry electricity, and associated devices. This article describes general aspects of electrical wiring as used to provide power in buildings and structures, commonly referred to as building wiring. to transmit live video, with no cables to install, and plays on any TV." Unlike current wireless cameras, SecureView(tm) is not limited to short distances. "Those `baby-cams,' as we call them, are lucky to get from one room to the next," he says. "Their power is limited by the FCC (1) (Federal Communications Commission, Washington, DC, www.fcc.gov) The U.S. government agency that regulates interstate and international communications including wire, cable, radio, TV and satellite. The FCC was created under the U.S. . SecureView has a superior picture, and goes wherever you already have 110 volt AC." McBride adds, "Banks have expressed the most interest of any single industry so far. From ATMs to inside security, our SecureView(tm) system can save them tens of thousands of dollars, and provide a quality picture for recording, in real time, on any VCR VCR: see videocassette recorder. VCR in full videocassette recorder Electromechanical device that records, stores on a videotape cassette, and plays back on a TV set recorded images and sound. ." website: www.seaviewresearch.com email: sales@seaviewresearch.com Investor Information: 727-866-3660 ext 207 THIS PRESS RELEASE contains certain forward-looking statements forward-looking statement A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections. within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, which are intended to be covered by the safe harbors Safe Harbor 1. A legal provision to reduce or eliminate liability as long as good faith is demonstrated. 2. A form of shark repellent implemented by a target company acquiring a business that is so poorly regulated that the target itself is less attractive. created thereby. Investors are cautioned that all forward-looking statements involve risks and uncertainties, including, without limitation, the ability of SeaView Underwater Research Inc. to accomplish its stated plan of business. Although SeaView Underwater Research Inc. believes that the assumptions underlying the forward-looking statements contained herein are reasonable, any of the assumptions could be inaccurate, and, therefore, there can be no assurance that the forward-looking statements included in this press release will prove to be accurate. In light of the significant uncertainties inherent in the forward-looking statements included herein, the inclusion of such information should not be regarded as a representation by SeaView Underwater Research Inc. or any other person that the objectives and plans of SeaView Underwater Research Inc. will be achieved. |
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