CITY OF INDUSTRY, Calif.--(BUSINESS WIRE)--Nov. 7, 2005--Global ePoint, Inc. (Nasdaq: GEPT - News), a leading manufacturer of security technologies for the aviation, law enforcement, commercial and industrial markets, today announced that its Contract Manufacturing division has received $1.2 million in new orders to manufacture advanced computer control equipment for X-Ray scanning systems,. The order was placed by an industry-leading manufacturer of X-Ray scanning equipment.
X-Ray scanning systems have long been one of the first lines of defense in security for air transportation, but in the post - 9/11 world, X-Ray scanning has expanded to many other venues, including courtrooms, prisons, schools, stadiums, cruise ships, office buildings, ports and border crossings, among others," remarked Toresa Lou, Global ePoint’s CEO. "We have successfully developed our Contract Manufacturing division into a reliable provider of high quality, advanced computer systems for these markets".
Commenting on the order, Global ePoint CEO Toresa Lou said, "This order is exactly in alignment with our strategy of proving our technology in a number of local police departments while simultaneously conducting pilot programs in large metropolitan cities, as we are doing in Chicago."
Through its Contract Manufacturing division, Global ePoint is a leading provider of the industrial computer used to control X-Ray scanning equipment used in airports and in other public and private settings.
About Global ePoint, Inc.
Global ePoint’s growth catalyst, through its wholly-owned subsidiaries, is the design, manufacturing, sales and distribution of digital video surveillance systems for the law enforcement, military, aviation and homeland security markets. On the cutting edge of digital technology and seeking to expand its product line, Global ePoint is developing new compression technologies and next-generation, secure network digital video systems and servers for a wide range of new markets, concentrating primarily on security and homeland defense applications. As a solid recurring revenue stream, the Company also manufactures customized computing systems for industrial, business and consumer markets, as well as other specialized electronic products and systems. Complete vertical integration -- from design and manufacturing to sales and distribution -- allows the Company to capture efficiencies and maintain cost advantages in these growing markets, particularly homeland security. For more information, please visit http://www.globalepoint.com
This news release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. . Such statements are subject to certain risks and uncertainties, and actual circumstances, events or results may differ materially from those projected in such forward-looking statements. Factors that could cause or contribute to differences include, but are not limited to, the continued availability of parts, skilled labor and facilities for Global ePoint's production of this order. Other risks include those related to the integration of the Company’s recently acquired operations; market acceptance of the Company's products; delays in the introduction of new products; production and/or quality control problems; further approvals of regulatory authorities and the denial, suspension or revocation of certifications and licenses by governmental authorities; and the Company's ability to obtain capital as and when needed. For a discussion of these and other factors which may cause actual events or results to differ from those projected, please refer to the Company's most recent annual report on Form 10-KSB and quarterly reports on Form 10-QSB, as well as other subsequent filings with the Securities and Exchange Commission. The Company cautions readers not to place undue reliance on any forward-looking statements. The Company does not undertake, and specifically disclaims any obligation, to update or revise such statements to reflect new circumstances or unanticipated events as they occur.
Global ePoint, Inc.
Paul Goodson, 909-839-1719
CEOcast, Inc. for Global ePoint
Ed Lewis, 212-732-4300