OCT 19, 2009 - 12:30 ET
FOR: ICOP DIGITAL, INC.
Class B Warrants Continue to Be Exercised
LENEXA, KS--(Marketwire - October 19, 2009) - ICOP Digital, Inc. (NASDAQ: ICOP), an
industry-leading company engaged in advancing digital surveillance technology solutions,
today announced the filing of a Registration Statement with the Securities
and Exchange Commission (SEC) using a "shelf" registration process.
Under this shelf process, the Company may sell (however without obligation)
any combination of securities described in the prospectus in one or more
offerings, with an aggregate initial offering price not to exceed
$25,000,000. In the event the Company uses this funding mechanism, the net
proceeds of any offering would primarily be used for inventory and general
corporate purposes.
"This registration assures that we are well positioned to manage the
anticipated increase of sales from our distributors in the Middle East and
Mexico, direct sales team and our partner Raytheon," said Dave Owen, Chief
Executive Officer at ICOP. "We continue to evaluate all options to finance
the growth of ICOP, including such mechanisms as debt, equity and lines of
credit. Filing this registration helps to increase our options," he
stated.
In addition, ICOP has recently raised an estimated $1,000,000 through the
exercise of the Class B (NASDAQ: ICOPZ) warrants to date. Per the Company's
offering last June, the Class B warrant entitles its holder to purchase one
share of common stock at an exercise price of $0.42 per share.
In order to exercise a warrant, the warrant holder should contact his or
her broker, who will be able to electronically exercise the warrant for
common shares of ICOP Digital, Inc. through an online system operated by
The Depository Trust & Clearing Corporation (DTCC). The Class B warrants
are scheduled to expire on December 2, 2009.
About ICOP Digital, Inc.
ICOP Digital, Inc. (NASDAQ: ICOP) is a leading provider of in-car video and mobile video solutions for Law Enforcement,
Fire, EMS, Military, and Transportation markets, worldwide. ICOP solutions
help the public and private sectors mitigate risks, reduce losses, and
improve security through the live streaming, capture and secure management
of high quality video and audio. www.ICOP.com
Forward-Looking Statements
This document contains forward-looking statements. You should not rely too
heavily on forward-looking statements because they are subject to
uncertainties and factors relating to our operations and business
environment, all of which are difficult to predict and many of which are
beyond our control. The Company may experience significant fluctuations in
future operating results due to a number of economic, competitive, and
other factors, including, among other things, our reliance on third-party
manufacturers and suppliers, government agency budgetary and political
constraints, new or increased competition, changes in market demand, and
the performance or reliability of our products. This, plus other
uncertainties and factors described in our most-recent annual report and
our most-recent prospectus filed with the Securities and Exchange
Commission, could materially affect the Company and our operations. These
documents are available electronically without charge at www.sec.gov.
FOR FURTHER INFORMATION PLEASE CONTACT:
For more information, contact:
Melissa K. Owen
Dir. of Communications
16801 West 116th Street
Lenexa, KS 66219 USA
Phone: (913) 338-5550
Fax: (913) 312-0264
Email Contact
www.ICOP.com
For Investor Relations:
DC Consulting, LLC
Daniel Conway
Chief Executive Officer
Phone: (407) 792-3332
Email Contact
Email Contact