ORLANDO, Fla., March 20, 2007 (PRIME NEWSWIRE) -- RedChip Independent, a division of RedChip Companies, Inc. announced today that it has terminated coverage on Global ePoint Inc. (Pink Sheets:GEPT). Jim Altenbach, CFA, said, "GEPT is currently under financial stress; however, it continues to have operational viability. We believe the Company must raise capital in the near future in order to continue operating in its current capacity. We believe they can secure financing but we do not know when or on what terms."
About Global ePoint Inc.
Global ePoint, Inc. (GEPT) designs, develops and manufactures digital video security surveillance solutions for the aviation, government, law enforcement, retail, transportation, and homeland security markets. On the cutting edge of digital technology, GEPT is leveraging new compression technologies and IT network applications to develop next-generation secured network digital surveillance systems. GEPT operates through three business divisions: Aviation Division, Digital Technology Division and Systems Division. To learn more about Global ePoint, Inc. please visit: www.globalepoint.com.
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RedChip Research Disclosure
The analysts contributing to the report do not hold any shares of GEPT. Additionally, the analysts contributing to this report certify that the views expressed herein accurately reflect the analysts' personal views as to the subject securities and issuers. RedChip certifies that no part of the analysts' compensation was, is, or will be, directly or indirectly, related to the specific recommendation or views expressed by the analyst in the report. Additional information on the securities mentioned in this report is available upon request. This report is based on data obtained from sources we believe to be reliable, but is not guaranteed as to accuracy and does not purport to be complete. As such, the report should not be construed as advice designed to meet the particular investment needs of any investor. Any opinions expressed herein are subject to change.