of Industry, Calif.—December 11, 2003—Global ePoint Inc. (Global)
(Company) (Nasdaq: GEPT) named retired Los Angeles police chief Daryl
Gates as vice president of business development for the Company's Sequent
digital technology division.
Gates brings more than a half-century of law enforcement expertise, including
43 years of distinguished police service, almost 15 years of which he
served as chief of the Los Angeles Police Department. As a recognized
pioneer in law enforcement, Gates has been an advisor to government leaders
in matters of public safety and was chairman of the Major Cities Chiefs
Association from 1988 to 1992. He is also a recognized authority on terrorism,
control of civil disorders and riots, and development of air support for
ground units. He holds a bachelors and masters degree from the University
of Southern California.
"Sequent has developed leading-edge technology and a total solution,
which shows the potential to win a significant share of the law enforcement
market," said Gates. "Under Global, we plan to continue building
brand awareness of Sequent as a provider of complete, intelligent systems
that can meet the video surveillance requirements and other security needs
of not only law enforcement but other markets, as well."
"Chief Gates is a proven leader," commented Toresa Lou, Global
ePoint CEO. "His outstanding track record in law enforcement leadership
is expected to help ensure high levels of customer satisfaction and an
effective marketing strategy for building momentum in this market. I am
confident that, with his guidance, we can continue to strengthen Sequent's
leadership position and deliver positive results.
"Our overall strategy for Sequent is to progress technologically
and sales-wise," Lou continued. "Chief Gates' background in
law enforcement makes him highly qualified to increase product visibility
in that market and contribute to Sequent's brand awareness and, thereby,
sales growth. His broad experience is also expected to help identify additional
opportunities, including moving into new market segments."
Global ePoint, through its Best Logic contract-manufacturing division,
produces custom-designed computers and computing solutions for industrial,
business, and consumer markets. Global's Sequent digital technology division
develops and markets long-range video, audio, and data transmission systems,
including networks with secure access via existing Internet, cellular,
and computer interfaces, to enhance the use of video in law enforcement,
military, commercial, and other security and surveillance applications.
For more information go to www.globalepoint.com.
This news release contains forward-looking statements based on current
expectations that involve risks and uncertainties. These forward-looking
statements are not guarantees of future results and are subject to risks,
uncertainties and assumptions. Our actual results could differ materially
and adversely from those expressed in any forward-looking statement. Factors
that could cause actual results to differ include, but are not limited
to, the general economic slowdown, the rate at which our present and future
customers adopt our emerging technologies and products, the cancellation
of previously placed orders by customers, decreases in the levels of government
expenditures, the speculative nature of revenues from our digital technology
division, and our ability to successfully integrate the operations of
Global ePoint and McDigit. 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 any forward-looking statement for any reason.
These and other risk factors are detailed in our periodic filings with
the Securities and Exchange Commission.