Nasdaq Agrees to Global ePoint Appeal, Sets Hearing Date

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.

Toresa Lou, Chief Executive Officer of Global ePoint, commented, "We are working with our advisors to develop a plan designed to remediate the Nasdaq’s concerns and preserve our listing on the Nasdaq Stock Market. In the meantime, we remain focused on our business and the opportunities at hand. We are fully committed to capitalizing on the significant surveillance market opportunities that our products address."

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

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, matters such as the Company’s compliance with Nasdaq listing requirements, its appeal to a Nasdaq Listing Qualifications Panel, and the continued listing of the Company’s securities. These statements are based on management’s current expectations and actual results may differ materially as a result of various risks and uncertainties, including those set forth in the Company’s ability to persuade the Panel that its Series C, D, and E financings should not be aggregated, that these financings do not raise shareholder approval issues under the Nasdaq Marketplace Rules, and that the Company was justified in filing its LAS forms after the close of these transactions. 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.

Investor Relations Contact:
MKR Group, LLC
Charles Messman or Todd Kehrli
(818) 556-3700
[email protected]