CITY OF INDUSTRY, Calif. Sept. 4, 2003 (PRIMEZONE) -- GLOBAL EPOINT, INC. (the "Company") (Nasdaq:GEPT) today announced that its McDigit division ("McDigit"), which manufactures customized computers and provides comprehensive solutions for industrial personal computer, commercial personal computer and contract manufacturing markets, has entered into an arrangement to manufacture and market the Vicious PC(tm) gaming computers. Vicious PC was founded in 2001 primarily to provide high-quality personal computers for use with PC games. The arrangement with Vicious PC marks McDigit's continuing expansion of its business operations into new markets.
"We are pleased to have Vicious PC join McDigit's expanding business base," said Toresa Lou, McDigit's Chief Executive Officer. "We look forward to the opportunity to further enhance and build the Vicious PC brand into the leader in its market using McDigit's state of the art manufacturing facility, which maintains the highest standards for computer assembly, as reflected by its ISO 9002-certification. We believe the arrangement can provide significant revenue growth for the Company over the next year."
Ms. Lou further commented, "Because McDigit has the infrastructure in place to dramatically increase its production, over the past three weeks, we have successfully begun to systematically expand our customer base and markets in order to increase our revenue volumes and benefit from the economies of scale associated with such increase. As a result of our efforts, we anticipate significant revenue growth for the remainder of this year and into next."
About Vicious PC
Based in San Francisco, California, Vicious PC has been a leading manufacturer of high-end PC gaming systems since its inception in November 2001. Vicious PC builds customized computer systems for PC gamers. Recognized for quality and performance, Vicious PC is the recipient of several editorial awards, including the prestigious CNET Editor's Choice award and Computer Gaming World's Ultimate Gaming Machine award. For more information on Vicious PC, visit its website at www.viciouspc.com.
About Global ePoint
The Company has two main operating divisions. One operating division, McDigit, manufactures customized computers and provides comprehensive solutions for industrial personal computer, commercial personal computer and contract manufacturing markets. This division currently provides approximately 80% of the industrial computers to companies that supply x-ray security equipment for the airline industry. McDigit has recently begun expanding its manufacturing into other markets, such as medical applications and PC gaming applications. The Company's other operating division, Sequent Technologies, is in the process of establishing initial market acceptance of its long-range video, audio and data transmission system, called the "RAIDIUS System," including the "Ranger" and "Paladin" products. Sequent's systems are designed to transmit video, audio and data streams from anywhere using virtually any data transmission system and the Internet. Sequent's ability to network video surveillance systems and provide secure access via existing Internet, cellular and computer interfaces is designed to enhance the potential use of video in Law Enforcement, Public Safety, Commercial Security, Homeland Defense, Airport/Airline, and Military applications. For more information on Global ePoint, visit its website at www.globalepoint.com.
Any forward-looking statements in this release are made pursuant to the "safe harbor" provisions of the Private Securities Litigation Act of 1995. Investors are cautioned that actual results may differ substantially from such forward-looking statements. Forward-looking statements involve risks and uncertainties including, but not limited to, the successful completion of equity raises, which may be necessary for Global to implement its plans to develop new market opportunities, continued acceptance of Global's products and services in the marketplace, competitive factors, new products and technological changes, Global's successful entry into new markets, Global's ability to increase its customer base, as well as general, political and other uncertainties related to customer purchases and agreements and other risks detailed in Global's periodic filings with the Securities and Exchange Commission.