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[IMAGE] [IMAGE] =09 As requested, your News Alert for QCOM follows from E=
quityAlert.com. Digital-Video Surveillance Developer cVideo Completes S=
ale of Preferred Series C Funding; Richard Sulpizio, Former Qualcomm Presid=
ent & COO Joins as Chairman of the Board SAN DIEGO, Oct 23, 2001 (BUSINES=
S WIRE) -- cVideo Inc., formerly Cubic Video Technologies Inc., a leading d=
eveloper of hardware and software for digital-video used in security applic=
ations, announced it has received $1.5 million in additional funding. Amo=
ng those participating in the funding round were Cubic Corp. (AMEX:CUB) and=
Richard Sulpizio, former president and COO of Qualcomm Inc. Additionally, =
Richard Sulpizio assumes the chairman position on the cVideo Board of Direc=
tors. At the board level, Sulpizio joins: -- Ken Potashner, current =
president, CEO and chairman of SONICblue and former president, CEO =
and chairman of Maxwell Technologies; -- Thomas J. Bernard, vi=
ce chairman and former president of the International Business Divi=
sion of Leap Wireless International; -- Jay Thomas, vice presi=
dent of Cubic Corp.; -- Kevin Richardson II, partner of Blum Capital P=
artners L.P.; and -- Tom Hessert, president of Cherry Hill Cla=
ssic Cars. "I have seen cVideo demonstrate its value to scores of business=
es on a daily basis," said Richard Sulpizio. "Now, more than ever before, o=
rganizations of all types and sizes have a need to manage security flexibly=
-- both on site and from remote locations. cVideo's digital-video security=
products add an extra measure of control and management to the overall sec=
urity system. This is truly an exciting opportunity for me as I see strengt=
h in the patented technology, product line, management team and fellow Boar=
d of Directors." Al Tumini, president and founder of cVideo added, "We ar=
e excited to have Rich Sulpizio join our team as chairman of the board. Cle=
arly, his investment in the company is a vote of confidence, and his expert=
ise will be invaluable. I believe our technology together with the talent w=
e have secured at the Board of Directors and management levels are solid bu=
ilding blocks for our successful growth." cVideo customers include major =
national retailers, financial institutions, utilities, and corporations suc=
h as Starbucks, Genuity, Akamai, Pacific Bell and Ultramar Diamond Shamrock=
and represent the industry shift towards networked digital-video surveilla=
nce systems from traditional analog technology such as VHS. About cVideo =
Inc. cVideo develops, manufactures and markets hardware and software for n=
etworked, digital-video applications. cVideo products both record and trans=
mit video used in the surveillance and protection of multi-site businesses =
and their assets. Our patented video compression technology allows cVideo c=
ustomers to quickly and efficiently record and transmit up to twice as much=
video as competitive products. cVideo is the best value in digital surveil=
lance management systems, ideally combining price, performance and function=
ality specifically suited for the surveillance market. cVideo is headquarte=
red at 15932 Bernardo Center Drive, San Diego, Calif. 92127 and can be reac=
hed at 858/385-2000 or www.cvideo.com. cVideo is a trademark or registere=
d trademark of cVideo Inc. All other products and trademarks are the proper=
ty of their respective owners. CONTACT: cVideo, San Diego =
Daniel Negroni, 858/385-2061 dnegroni@cVideo.=
com or Electra Public Relations =
Elisabeth Reisch, 858/270-6305 ereisch@electra=
pr.com URL: http://www.businesswire.com Today's News On The Ne=
t - Business Wire's full file on the Internet with Hyperlinks to your home =
page. Copyright (C) 2001 Business Wire. All rights reserved. -0- KEYWO=
RD: CALIFORNIA INDUSTRY KEYWORD: COMPUTERS/ELECTRONICS =
ELECTRONIC GAMES/MULTIMEDIA HARD=
WARE NETWORKING SOFTWARE =
MANAGEMENT CHANGES SOURCE: =
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