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8.1.2006 |
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Nasdaq Agrees to Global ePoint Appeal, Sets Hearing Date |
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CITY OF INDUSTRY, Calif., Aug. 1 /PRNewswire-FirstCall/ -- Global ePoint, Inc. (Nasdaq: GEPT - News), a leading manufacturer of digital surveillance and detection solutions, reported today that it has been notified by Nasdaq that the delisting of the Company’s securities has been stayed pending a written decision by the Listing Qualifications Panel. The Company requested an appeal following receipt of a letter from the Listing Qualifications Staff of the Nasdaq Stock Market on July 19th stating that the Company is subject to delisting from The Nasdaq Capital Market due to violations of the Nasdaq Marketplace Rules. The Panel will consider the appeal at a hearing set for September 7.
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About Global ePoint | |||
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 commercial 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
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Investor Relations Contact: |
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