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SeaView Reports Fourth Consecutive Quarter of Comparative Sales Improvement With 2nd Quarter Results Ending June 30, 2003

TIERRA VERDE, Fla.--Aug. 1, 20035, 2003--SeaView Video Technology, Inc. (OTCBB:SEVU), the leader in powerline communication products, reported results for the quarter ending June 30, 2003. The Company reported $275,364 in sales for the 2nd quarter of 2003 versus $154,959 for the 2nd quarter of 2002 which represents a 77.7% sales gain and is the fourth consecutive quarter of comparative sales improvement for the Company. In the past four quarters the Company has generated sales of $1,044,031 versus $515,505 for the comparable four quarters which is a 102.5% sales gain.

The following table sets forth selected information from the statement of operations for the three months and six months ended June 30, 2003 and 2002. 


Selected Statement Of Operations Information

                               Three Months Ended  Three Months Ended
                                  June 30, 2003      June 30, 2002
                               ---------------------------------------

Net Revenues                             $275,364            $154,959
Operating Expenses                       $682,219          $2,303,758
Operating Income (Loss)                 $(612,994)        $(2,255,509)

                                Six Months Ended    Six Months Ended
                                  June 30, 2003      June 30, 2002
                               ---------------------------------------

Net Revenues                             $620,965            $281,575
Operating Expenses                     $1,427,896          $3,287,490
Operating Income (Loss)               $(1,275,903)        $(3,177,486)

The complete statement of Company results may be found in the quarterly 10-QSB report which may be accessed via the Company website, http://www.seaview.com, using the "SEC filings" link in the investor relations section.

Significant highlights of Company achievements for the 2nd quarter and early 3rd quarter include:

-- SeaView expands distribution of SecureView with cataloger, Heartland America, Inc.

-- SecureView debuts in July with catalog leader Frontgate's newest catalog; "Grandin Road(TM)".

-- SeaView executes a 5 year contract with Audiovox(R) Specialized Applications, LLC (ASA), the CCTV market share leader in the RV distribution channel, to distribute SeaView's PowerLine Vision Systems (PLVS)(TM) technology to the Recreational Vehicle segment of the transportation market in North America.

-- SeaView participates in the National Intelligent Vehicle Initiative meeting sponsored by the United States Department of Transportation with a demonstration of our PowerLine Vision Systems (PLVS)(TM) on a Mack CH600 Tractor and gasoline tanker operated by McKenzie Tank Lines of Tallahassee, Florida.

-- SIA Truck Bodies, Inc., a leading Ford(R) Truck Bailment Pool dealer in the Southeastern United States, begins distribution of our PowerLine Vision Systems (PLVS)(TM) as an option on its truck body models and vans for Truck Dealers and its fellow National Truck Equipment Association (NTEA) members.

-- SeaView enters into a strategic business alliance with China Silian Group Co., Ltd (SIC Group), http://www.sicc.com.cn, of Chongqing, China who is one of the 500 largest industrial enterprises in China, manufacturing a wide array of electrical instrument products for worldwide distribution to customers who include ABB Ltd. and Siemens AG.

-- SecureView debuts on leading direct television retailer, Shop At Home Network, LLC.

Commenting on these results, George S. Bernardich III, SeaView's Chairman & CEO stated: "The sales pace at the Company continues to pick up and we are on schedule to achieve record sales volume for 2003. The Company is achieving new milestones in Company history on a regular basis and we expect many more new achievements over the coming months. Our PowerLine Vision System (PLVS)(TM) is performing very well and we have several fleets currently testing the product to determine loss savings. Based on early feedback, we believe we will garner orders and contracts from these tests later this year. In addition, SecureView, 'camera in a light bulb', sales have been gradually growing especially since debuting as a very successful 'daily special' on Shop At Home Network TV and, we expect to return to the airwaves at Shop At Home Network TV very soon. SecureView also received some unexpected accolades as a leading edge technology product this past week on the Regis & Kelly Show. With our increase in product demand, the significance of our new strategic business alliance with China Silian will start to immediately bear fruit in the form of readily available product. We expect the first shipments of 100% Chinese manufactured SecureView product to begin shipping in late September. As a result, we should begin to achieve gross profit improvements over the coming quarters as we transition this and other products to manufacturing with China Silian. To support production, it is our immediate goal to strengthen our national sales force to maintain and increase our sales trend. On the numbers subject, our confidence is growing in our ability to achieve our operational breakeven point or better by the 4th quarter. And, we are aggressively working to repay and/or replace the current convertible debenture financing with debt and private placement financing in the near future. As a result of these efforts, we expect to significantly improve our balance sheet as early as the end of the 3rd quarter. In closing, I believe the Company is at a pivotal point and is ready to emerge as a worldwide leader in manufacturing and distribution of PowerLine products to consumer, commercial and industrial markets."

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. The Company has also developed and manufactures different kinds of underwater video cameras, lights and accessories for the marine, commercial and consumer retail markets.

website: http://www.seaview.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.