Global ePoint’s Acquisition Candidate, Tops Digital Security, Awarded Contract for Video Surveillance by Orange County Probation Department

Financing Announced Today Expected to Allow Company To Complete Acquisition Prior to End of May

CITY OF INDUSTRY, Calif. — (BUSINESS WIRE) — May 24, 2006 — Global ePoint, Inc. (Nasdaq: GEPT – News), a leading manufacturer of security technologies for the aviation, law enforcement, government, and commercial / industrial markets, announced today that Tops Digital Security (Tops), a provider of large enterprise video surveillance systems that are designed primarily for high quality video capture and central monitoring security operation, has sold Tops enterprise Digital Video Surveillance systems to the Orange County, California Probation Department for the Orange County Juvenile Hall. Global ePoint recently entered into an agreement to acquire the assets, including intellectual property and customer base, of Tops. The $8.2 million financing that the Company announced today will allow Global ePoint to complete the acquisition of Tops prior to the end of the month.

The DVR’s are expected to replace equipment that the Probation Department was previously using that had been manufactured by a Fortune 500 company. Tops’ systems offer high-quality recorded data, as well as features designed for security and surveillance operators, and ease of use. In addition, Tops’ equipment was integrated into the Juvenile Hall utilizing existing cameras and joystick controllers, eliminating the need for the installation of new cameras and controllers. In addition to the Juvenile Hall location, the Orange County Probation Dept plans to replace the surveillance system at other locations with Tops’ systems.

"We are pleased that another California correctional facility has selected Tops’ cutting-edge security solutions," said Toresa Lou, Global ePoint’s Chief Executive Officer. "The requirement for video surveillance is substantial in correction facilities across the country and Tops’ rapid penetration of several California facilities will provide them with high-profile installations with which to attract additional customers."

Recently, the California Department of Corrections & Rehabilitations installed Tops’ video surveillance systems in detention facilities for youths.

The Tops systems are total integrated solutions which can provide D1 quality video recording capability, the highest level available, along with the front-end surveillance cameras, fiber optic cabling, and the command center application to network and control the thousands of cameras in a high-security level project such as is used in museums, casino gaming and government installations. The Tops’ solution has proprietary video surveillance technology that efficiently integrates the ability to capture D1 quality video while maintaining a secure and fast system for recording, monitoring, managing, and archiving video surveillance.

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

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, statements about the Company’s anticipated future revenues and profitability, statements about expected government regulatory actions, whether the Company gains traction in surveillance markets, whether its markets will become growth catalysts for Global ePoint and whether Tops achieves its target of generating $8 million in revenue over the next 12 months. 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, potential delays in the enactment of government regulations, such as FAA mandates concerning flight deck door surveillance systems, or changes in anticipated regulations, or financial distress in the airline industry, all of which could negatively impact the Company's sales to the airline industry, Global ePoint’s success in capturing market share in these markets. For a discussion of these and other factors that 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.
John Price
[email protected]

CEOcast, Inc. for Global ePoint
Andrew Hellman