SeaView Signs Up Master Distributor in Waste Hauling Transportation Market

    TIERRA VERDE, Fla.--Feb. 13, 2003--SeaView Video Technology, Inc. (OTCBB:SEVU) has inked an exclusive master distributorship agreement with The Tyman Group, LLC of Anthem, AZ. to sell and distribute SecureView DC Camera Systems exclusively to the waste hauling vehicles, materials handling, and special utility vehicles markets in North America. As part of the agreement, to acquire exclusive distribution rights The Tyman Group will pay a non-refundable exclusivity fee payable in two installments with the first payment being paid at the execution of the agreement and the second payment scheduled in 180 days. In addition, to retain these exclusive distribution rights The Tyman Group is required to attain annual guaranteed minimum net unit sales and purchases over the five-year term of the agreement with the 2003 contract year guaranteed minimum net unit sales and purchases set at approximately $1.7M. If The Tyman Group achieves their annual guaranteed minimum net unit sales and purchases over the life of the agreement, Seaview has the potential to achieve approximately $36.25M in revenue. SeaView has received initial orders from Tyman, which are expected to begin shipping later this month.
    Seaview has been working with Tyman since mid-2002 testing and developing product for the waste hauling and commercial vehicles transportation market. The Tyman Group LLC is a team of highly experienced individuals from diverse disciplines including sales, business development & strategy, progressive marketing, and operations within waste hauling and mobile transportation industries. Harold Halman, Tyman President states: "We are expanding nationally with a good/better/best differential strategy via direct selling activities to the fleets, as well as growing channel distribution within strategically established areas. These strategic relationships have been established with select dealers and OEM partners for direct and after-market opportunities. This expansion has taken place predominately via marketing of the `near-wireless' high-speed video signal Power-Line-Carrier (PLC) technologies for mobile vehicles. We have been successful with this technology by offering an advanced solution with a significant reduction in cost of maintenance by establishing a common connector and eliminating the communication cables that comprise the majority of service issues, as well as reducing installation costs for the end user. With over 50 aggregate years experience in mobile transportation, Tyman expects to successfully leverage relationships to advance typical `rear-vision' to the next level using SeaView's DC SecureView products."
    Tyman is the first major distributor to sell the new product line for the transportation industry, which was launched last year. Leveraging existing patent protected Power-Line-Carrier (PLC) technology, SeaView built a new system that runs voice, video, audio and data communication over DC (Direct Current) power lines to add to their existing SecureView(TM) AC (Alternating Current) product lines. Initially, the system will consist of small environmentally sealed transmitter and receiver modules, simply connecting to a truck's existing electrical wiring harness. Video and audio signals from a side-mounted and/or rear-mounted camera are transmitted using PLC to a receiver and video monitor mounted inside the truck's cab. The receiver module powers itself and the video monitor via a standard cigarette lighter adapter, intercepting and converting the video signal. SeaView's PLC technology is compatible with existing video products accepting the RS-170/EIA standard composite video signal.
    Further, SeaView is currently actively seeking and establishing additional channel partners for marketing and distribution of this advanced PLC technology into the transportation industry's trucking, commercial managed fleet, passenger/school bus and automotive vertical markets.

    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 The Tyman Group, LLC

    The Tyman Group, LLC headquartered in Anthem, AZ is an integrator, distributor and wholesaler of OEM products and mobile transportation surveillance systems. The Tyman Management Group is a team of highly experienced individuals from diverse disciplines including sales, business development & strategy, progressive marketing, and operations within waste hauling and mobile transportation industries. With over 50 aggregate years in mobile transportation experience, Tyman strives to successfully leverage its relationships to advance typical "rear-vision" to the next level.

    website: http://www.sevu.com

    e-mail: investor@seaview.com

    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.