GLOBAL EPOINT COMPLETES $2.5 MILLION FINANCING



GLOBAL EPOINT MOBILE VIDEO SYSTEMS GIVE POLICE NEXT-GENERATION
SURVEILLANCE AND COMMUNICATION CAPABILITIES

 

 
 
Global ePoint, Inc. Names Security Industry Leader as VP of Sales & Marketing for its Digital Division
 
  Global ePoint, Inc.
 


GEPT, a provider of digital video surveillance systems, today announced the appointment of Joseph P. Cappelletti to Vice President of Sales and Marketing for the Company's Digital Division, which provides digital video technology and other related products for law enforcement, retail, banking and other commercial and industrial security applications through its Sequent and Perpetual products lines.

Mr. Cappelletti was one of the "Founding Fathers" and also previously served as President of Ademco Distribution, Inc. (ADI), a Melville, New York based division of Honeywell, Inc. During his 24 year career with the Ademco Group, he helped create one of North America 's largest wholesale distributors of security and low voltage products with annual sales that exceeded more than $1 billion.

Global ePoint Chief Executive, Toresa Lou, commented, "We are both proud and privileged to welcome Joe to the Global ePoint management team. As a result of numerous strategic initiatives, starting with the recent acquisition of Perpetual Digital and Airworks, followed by management's capital investment into Global ePoint, and the recent $5.5 million equity raise, we are fortunate to now be in the position to attract and recruit proven industry veterans like Joe to our Company. The success of these initiatives confirms our belief that we will become a significant player in the vertical markets we serve. I have tremendous confidence that Joe will leverage his vast knowledge of the security industry to assist Global ePoint in executing its sales and distribution strategy."

   
  About Global ePoint's Digital Division
 
This division provides digital video technology and solutions for security and monitoring activities in a variety of industries, including law enforcement, security, and retail sector. Current development is underway for the next generation of CCTV digital security products. The Perpetual brand of Digital Video Recorders (DVR) is utilized by customers in the commercial and industrial market and can be integrated with Access Control, Alarm, Bio Metrics and Point of Sale/ATM systems. Perpetual's Digital Video System solutions are installed in major financial institutions, Parcel Carrier Hubs, Major Retail chains, Government and Refinery Institutions. The Sequent line is utilized and marketed to customers in the law enforcement sector.
   
  About Global ePoint
 


This news release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. The forward-looking statements are based on the Company's current expectations, estimates and projections, management's beliefs and numerous assumptions, al of which are subject to change. The forward-looking statements are not guarantees of future results and are subject to numerous risks and uncertainties. Actual results could differ materially and adversely from those expressed in any forward-looking statement. For example, there can be no assurance that our digital technology operations will achieve planned growth in the future. The order may be canceled, or problems with the system or installation may result in added costs or prevent revenue recognition. The forward-looking statements in this release speak only as of the date of this release. We undertake no obligation to revise or update publicly forward-looking statements for any reason. These and other risk factors are detailed in our periodic filings with the Securities and Exchange Commission.

   
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