March and April 2005 definitely are the busy months for Global ePoint. The last time I wrote about this company, they were just announcing new contracts totaling $5 million for advanced computer control technology for x-ray security systems that are going to be used in airports and other venues. That was in February 05.
Last month, on March 31st - to be exact, they announced that their Airwoks Cockpit Door Surveillance System (CDSS) has been ordered by GE Capital Aviation Service (GECAS), the world’s most experienced aircraft leasing company. The system is going to be installed on eight Airbus A320 aircraft.
According to BusinessWire, GE Capital Aviation Service (GECAS) serves 190 customers in more than 60 countries. They service a fleet of approximately 1100 owned and managed aircraft around the world, with more than 700 additional planes on order or on option from Boeing, Airbus, Bombardier, Embraer and Fairchild-Dornier. Aircraft types include narrowbodies, widebodies, regional jets and cargo aircraft (The stock was up by 26 cents after they announced this).
Recently, they announced the next generation propriety digital surveillance technology solutions - expanding their Perpetual Digital(TM) product line. According to their press release (which featured on Business Wire), the Perpetual Digital product line product line provides dynamic surveillance solutions to the eletronic security market, which is projected to reach $21.9 billion in 2004; an increase of 7.9% or $1.6 billion from 2003’s revenues of $20.3 billion. Since 1995 the electronic security market has grown by almost $10 billion. As I am writing this, the stock has gone up by 14 cents. I’m predicting that this one is going to hit (Or maybe getting close to) $5/share.
Quote of the Day:
Wealth is the product of man’s ability to think. - Ayn Rand
Global ePoint, Inc. (Symbol: GEPT) is a developer and manufacturer of industrial and commercial computer systems, digital video and audio surveillance solutions for the law enforcement, military, aviation, homeland security markets, industrial, and consumer markets. They operate through three business divisions: Aviation, Contract Manufacturing, and Digital Technology.
Recently they have announced new contracts totaling $5 million for advanced computer control technology for x-ray security systems that are going to be used in airports and other venues. These $5 million in purchase orders represent orders for computer control equipment from the two largest U.S. makers of conventional x-ray security scanning devices.
Last month they also announced announced an increasing number of orders to provide installation services of its next-generation AirWorks brand security and electronics products. What distinguishes them from other aircraft equipment vendors is they are able to deploy their installation teams worldwide, offering the customers options of using AirWorks installation specialist for equipment upgrades; thus, enables the airlines’ regular maintenance and service personnel to concentrate on their primary duties. They were also selected to provide installation services for Lufthansa, GermanWings, and Air Macao.
Below is their one year stock performance:
Looking at their one-year performance, I’d have to say it looks pretty discouraging. It was on the way up to $6/share in June/July 2004, but then it dropped in August and stayed stagnant (below $4/share) until December 2004 then it went up to $6/share and somehow it was slowly decreasing.
I don’t usually recommend poor perfoming penny stock but this one..Hmmm, not sure why, but I’ve got a feeling this one could be a good short-term investment (But not long-term though!). We shall see…I’m going to watch this one very close.
Quote of the Day:
The point is that you can’t be too greedy. - Donald Trump