SeaView Engages Aidman, Piser & Co. as Audit Team.Business Editors/Technology Writers ST. PETERSBURG, Fla.--(BUSINESS WIRE)--March 25, 2002 SeaView Video Technology, Inc. (OTCBB OTCBB See OTC Bulletin Board (OTCBB). :SEVU) announces the SeaView Board of Directors has approved the engagement of Aidman aid·man n. A member of an army medical corps attached to a field unit. , Piser and Company of Tampa, FL, (http://www.apcpa.com) as the Company's auditors. SeaView Chairman/CEO George S. Bernardich III indicated in a statement that moving to a full-service regional accounting firm is the first of several planned measures "to strengthen the infrastructure of our company as we continue our growth into the future." To allow additional time for the transition, SeaView has secured an extension for filing its 10K annual report. The results for FY 2001, due no later than April 15, 2002, are not expected to differ dramatically from FY 2000. "I would also like to thank Carol McAtee, C.P.A., and her staff at Accounting Consultants, Inc. for their prompt and professional service over the past several years," Bernardich said. Accounting Consultants, Inc. will continue to serve the Company on various financial projects. "Not surprisingly, sales continue to be the major focus of the company," Bernardich stated. "Two in-house account executives have been added to the sales force to follow-up on sales leads generated at recent trade shows. We participated for our fourth year in the Miami (FL) International Boat Show in mid-February, and we attended the ISC (1) (Internet Systems Consortium, Redwood City, CA www.isc.org) An organization founded by Paul Vixie, Carl Malamud and Rick Adams in 1994 and later sponsored by UUNET and other Internet companies. Expo/West during the first week of March 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. , NV. This show featured the SecureView Parking Lot Surveillance System, which we currently have installed at beta sites for two major retailers." International interest in the Company's IRFS IRFS Institute for Reporters' Freedom and Safety IRFS Ingersoll-Rand Financial Services IRFS International Retail Financial Services IRFS Institute of Retail & Fashion Studies (Mumbai, India) power line communication technology continues to grow. During a recent trip to Kuala Lumpur Kuala Lumpur (kwä`lə l m`p r), city (1990 est. pop. (Malaysia), Company personnel delivered the initial presentation for a remote meter-reading system using powerline communication to Tenaga Nasional BHD BHDIn currencies, this is the abbreviation for the Bahraini Dinar. Notes: The currency market, also known as the Foreign Exchange market, is the largest financial market in the world, with a daily average volume of over US $1 trillion. , the nation's largest electric utility. In a combined effort with Malaysian teaming partners Far Alliance (M) SDN SDN Sun Developer Network (Sun Microsystems) SDN SAP Developer Network SDN SOF (Special Operations Forces) Deployable Node SDN Sociale Databank Nederland (Dutch) . BHD and Afzid Research SDN. BHD, SeaView expects to return to Malaysia over the next several months for final proof-of-technology testing. Upon acceptance, a pilot rollout is anticipated either late this year or early 2003. About SeaView Video Technology Inc. SeaView Video Technology, Inc. is the largest manufacturer of Infrared Underwater Camera Systems. The SeaView Marine Division has over 12,000 systems in service with fishermen, divers, the US Coast Guard, US Customs, environmental scientists, and police and fire department dive rescue teams. 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 eliminates expensive installation costs, drilling and cables. SecureView DC(tm) uses the same principles to transmit live video through the electrical systems of vehicles, trucks, buses, ships, and railway rolling stock rolling stock Any of various readily movable transportation equipment such as automobiles, locomotives, railroad cars, and trucks. Rolling stock generally makes good collateral for loans because the equipment is standardized and easily transportable among . A version of IRFS capable of LAN/WAN LAN/WAN Local Area Network/Wide Area Network data transmission over power lines has also been introduced. The Company's marine and security products are GSA (1) (Global mobile Suppliers Association, Sawbridgeworth, U.K., www.gsacom.com) A membership organization of suppliers of GSM products and services. Its goal is to promote GSM as the worldwide mobile communications standard. See GSM Association and GSM. listed. Its technology is covered under 14 patents granted and two patents pending. SeaView trades under the OTC OTC See: Over-the-counter. OTC See over-the-counter market (OTC). BB symbol SEVU. website: http://www.sevu.com email: general@seaview.com THIS press release contains certain forward-looking statements 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 created thereby. Investors are cautioned that all forward-looking statements involve risks and uncertainties, including, without limitation, the ability of SeaView Video Technology Inc. to accomplish its stated plan of business. Although SeaView Video Technology 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 Video Technology Inc. or any other person that the objectives and plans of SeaView Video Technology Inc. will be achieved. |
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