DVS TO HOLD ANNUAL MEETING ON DECEMBER 19, 2003
 
     Palo Alto, CA., December 2, 2003

Digital Video Systems ("DVS") (NASDAQ:DVID) announced that its annual meeting of stockholders will be held at 2:00 p.m. PST on Friday, December 19, 2003 at the offices of Burr, Pilger & Mayer LLP, 600 California St., Suite 1300, San Francisco, California for stockholders of record as of November 17, 2003. A proxy statement describing the annual meeting business has been mailed to all eligible stockholders.

About Digital Video Systems, Inc.

Established in 1992, DVS is a publicly held company specializing in the development and application of digital video technologies enabling the convergence of data, digital audio, digital video and high-end graphics. DVS is headquartered in Palo Alto, California, with subsidiaries and branch offices in South Korea, China and India. Additional information may be obtained at www.dvsystems.com


For additional information please contact:



Digital Video Systems, Inc.

430 Cambridge Ave., Suite 110,
Palo Alto, CA 94306
Tel: 650.322.8108
Fax:650.322.8109

DVS Contact:
Larissa Licea
Office: 650.322.8108, ext.106
E-Mail: ir@dvsystems.com

Investor Relations Contact:
Sean Collins, Partner
CCG Investor Relations
15300 Ventura Blvd, Suite 303
Sherman Oaks, CA 91403
Office: 818. 789.0100 X 202
E-Mail: sean.collins@ccgir.com