GLOBAL EPOINT COMPLETES $2.5 MILLION FINANCING



GLOBAL EPOINT MOBILE VIDEO SYSTEMS GIVE POLICE NEXT-GENERATION
SURVEILLANCE AND COMMUNICATION CAPABILITIES

 

 
   
GLOBAL EPOINT NAMES DARYL GATES VP BUSINESS DEVELOPMENT
 
  Former Los Angeles Police Chief Joins Sequent Digital Technology Division
 


City 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. A s 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."  

 

   
  About Global ePoint
 

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.

   
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