SeaView Secures Exclusive Worldwide Powerline Products License.

Business Editors/High-Tech Writers

TIERRA VERDE, Fla.--(BUSINESS WIRE)--Jan. 31, 2003

SeaView Video Technology, Inc. (OTCBB:SEVU) has secured an exclusive worldwide license with Satius, Inc. for use of their patented powerline communications technology in products manufactured and distributed by SeaView. The license agreement, executed December 18, 2002 between Seaview and Satius, replaces the original agreement of October 18, 1999 and subsequent addenda. Satius, Inc. is the renamed entity formerly doing business as VideoCom, Inc. and Wire 21, Inc.

The new agreement allows SeaView to exclusively manufacture, sell and distribute IRFS related powerline products in North America, South America, Europe, Japan, Australia, New Zealand, Turkey, Russia, China, and Asia with the exception of Cambodia, Myanmar, Thailand, Indonesia, Philippines and Malaysia. The agreement also significantly reduces the per-unit earned royalty, which will allow SeaView to price our powerline products more competitively in the marketplace, especially in the retail distribution channel.

SeaView utilizes the licensed powerline technology in our SecureView "camera in a light bulb," Parking Lot Surveillance Systems, and the DC Rearview Camera Systems, which are currently being distributed into various retail, commercial and industrial outlets.

George S. Bernardich III, Chairman & CEO stated, "This new license agreement solidifies our partnership with the Satius, Inc. team both now and in the future. For now, SeaView is the only Company in the world with the ability to transmit secure real-time video over existing wiring in homes and offices. We expect to focus on expanding the form factors we offer and developing multiple-camera video systems with audio for both AC and DC powerline environments in the coming year. For the future, Satius, Inc. will continue to further expand and develop their powerline technologies, from which SeaView expects to benefit through additional licenses and product offerings."

ABOUT SEAVIEW VIDEO TECHNOLOGY INC.

SeaView Video Technology Inc. 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. 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 SATIUS, INC.

Satius, Inc. develops, licenses, manufactures and markets unique superior performance products making it possible to transmit and receive video, audio, high-speed data, and virtually any information over power-lines with unprecedented speed and quality. The Company's products utilize patented technology to enable both DC and ubiquitous AC power lines to become a high-speed multi media information highway for synchronous full-duplex last mile, in-building, or in-vehicle communications. Satius' unrivaled products are currently available through an extensive network of licensees, distributors, resellers, and OEM partners.

Website: http://www.sevu.com

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