CITY OF INDUSTRY, Calif.--(BUSINESS WIRE)--Aug. 5, 2005--Global ePoint, Inc. (Nasdaq:GEPT - News), a leading manufacturer of security technologies for the aviation, military, law enforcement, industrial and commercial markets, announced today that a leading fast food restaurant chain has placed an order for its wholly-owned division's Perpetual Digital's video surveillance systems. Perpetual Digital is part of Global ePoint's Digital Technology division.
The order represents an initial deployment of Perpetual Digital's Embedded Digital Video Recorder (DVR) systems and Surveillance Cameras for this franchise based fast food restaurant chain, with over 100 locations. Perpetual Digital's Embedded DVR is a stand alone digital video surveillance system that delivers remote or offsite viewing via web or LAN / WAN, event controlled recording, and CD-RW drive for backup or archival storage.
“This order represents a significant milestone for our Perpetual Digital product line as it marks our initial entry into the restaurant market,” commented Greg Edelman, Vice President of Business Development for Global ePoint. “We feel that the restaurant industry, much like the retail industry, is a significant market for our solutions designed to resolve specific customer needs interfacing with their Point of Sale systems.”
Global ePoint is working through their wholesale distribution network with Systems Integrator Dan-D Company, Inc. (www.dan-d.com) on this security surveillance project. “The Perpetual product delivers everything that our customer requires,” commented Dan Davis, President/Owner of Dan-D Company. “Their diverse product line offers the flexibility to deliver a solution that truly meets restaurant customer's security specifications.”
“We have worked hard over the last year to develop security surveillance solutions with specific applications to meet different vertical market requirements. We believe the restaurant market is a growth market for us and it is a particular focus for our security solutions,” remarked Mr. Edelman. “Video surveillance in the restaurant industry provides a number of cost savings benefits including improved customer service, lower shrinkage and other crime-prevention steps as well as faster sales transaction times, safer food-handling practices, better inventory controls, improved consistency in food preparation, reductions in workplace injuries and injury-related fraud, refined training techniques, and reduced employee turnover.”
About Perpetual Digital
Global ePoint's Digital Technology Division develops and provides a range of next-generation digital video and audio recording solutions for applications in the security industry. Currently consisting of Perpetual Digital and Sequent Technology product lines, the Digital division's products are making analog tape-based systems obsolete by providing digital technology solutions to enable the real-time capture, playback, communication, computer-based archive, search and recall of high-quality digital video. Perpetual Digital products provide a range of security and surveillance capabilities, including point-of-sale digital video transaction recording equipment and a range of other commercial security solutions for professional alarm providers and integrators. Sequent Technologies products provide proprietary digital video systems for a range of law enforcement, defense, access security and public safety markets. Its products enable the video transmission, indexing and archiving systems from anywhere using existing wireless cellular networks.
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. This release may contain forward-looking statements. 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, risks 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-Q, 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.
John Price, 909-869-1688 Ext.307
CEOcast, Inc. for Global ePoint
Ed Lewis, 212-732-4300