PHOENIX, July 27 /PRNewswire/ -- Provident Equity Research, LLC (PER), an independent equity research company, today announced that Senior Analyst Jim Gentrup has initiated coverage of Global ePoint, Inc. GEPT with a Buy rating and SPECULATIVE modifier.
GEPT is a provider of computers, computing solutions and digital video, audio and data transmission and recording products. The company's primary operations are through two divisions: Digital Technology (DT) and Contract Manufacturing (CM). The DT division designs and markets digital video surveillance systems for law enforcement, commercial, aerospace and homeland security markets. The CM division manufactures customized computing systems for industrial, business and consumer markets and other specialized electronic products and systems.
"We believe the company is capable of achieving significant revenue growth in 2004 and 2005," said Gentrup. "We have modeled for $33.6 and $49.2 million in revenue in 2004 and 2005, respectively."
Gentrup added, "Given our 2005 earnings estimates and projected initial value of $6.80, we would rate the shares a BUY due to the potential for greater than 30% appreciation over the next 12 months. We must also add a SPECULATIVE modifier due to the short operating history of the company."
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Contact: Provident Equity Research, Jim Gentrup, CFA, 480-635-8325, www.providentresearch.com
Disclosures: This release is for information purposes only and is not intended as a solicitation to buy or offer to sell any security. Neither Provident Equity Research LLC (PER), nor any other party guarantee its accuracy or completeness or make any warranties regarding results from its usage. Employees and associates of PER are prohibited from trading the security described herein for 30 days prior to and 5 business days after any report is published. Redistribution or reproduction is prohibited without written permission. Fees for PER's program are $15,000 for the first year. Fees in this instance were paid by Global ePoint, Inc. For further disclaimer information visit www.providentresearch.com.
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