CITY OF INDUSTRY, Calif. — (BUSINESS WIRE) — Sept. 29, 2005 — Global ePoint, Inc. (Nasdaq: GEPT – News), a leading manufacturer of security technologies for the aviation, law enforcement, industrial and commercial markets, announced today that it received a letter from the Nasdaq Stock Market on September 23, 2005 requesting that the company submit a notification form to Nasdaq for the listing of additional shares in connection with certain issuances of its securities, as required by Marketplace Rule 4310(c)(17). The letter also indicated the staff’s belief that Global ePoint did not comply with Marketplace Rule 4350(i)(1)(A), which requires shareholder approval for issuances of common stock or securities convertible into common stock to employees, officers, directors or consultants.

The Company stated that over the last two years it has granted options and warrants to purchase a total of 200,000 common shares to certain consultants. These options and warrants were properly disclosed in the Company’s SEC filings and accounted for in the Company’s financial statements, however they were not issued pursuant to a shareholder approved stock and option plan as required by Marketplace Rule 4350(i)(1)(A). The Company has informed the Nasdaq that it will reissue all such options and warrants under the Company’s 2004 Stock Incentive Plan, which was approved by shareholders at the Company’s 2004 annual meeting of stockholders held in December 2004.

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. 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 designs, manufactures, sells and distributes digital video surveillance systems for the law enforcement, military, aviation and homeland security markets. On the cutting edge of digital technology, 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. 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 www.globalepoint.com

This news release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Such statements include, but are not limited to, whether Global ePoint’s stock price will attain the Red Chip price targets during the time frames specified, or at all. 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 general stock market conditions, 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–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.

Contact:
Global ePoint, Inc.
John Price, 909.869.1688 Ext.307
[email protected]
or
CEOcast, Inc. for GlobalePoint
Ed Lewis, 212.732.4300
[email protected]