ICOP Digital Announces Closing of Secondary Offering
June 02 2009 - 5:09PM
Marketwired
ICOP Digital, Inc. (NASDAQ: ICOP), an industry-leading company
engaged in advancing digital surveillance technology solutions,
announced today the completion of a secondary offering with gross
proceeds of $2,990,000. This offering is scheduled to close on
Friday, June 5, 2009. ICOP has granted Paulson Investment Company,
Inc., a wholly owned subsidiary of Paulson Capital Corp. (NASDAQ:
PLCC), an option to exercise up to 97,500 additional units through
the Green Shoe option. If exercised, this could raise an additional
$390,195.
The units are composed of twelve (12) shares of common stock
(NASDAQ: ICOP) and twelve (12) warrants (NASDAQ: ICOPZ), at an
offering price of $4.60 per unit. Each warrant has a six-month term
with an exercise price of $4.18.
"I want to personally thank Paulson and all our investors for
their continued confidence in ICOP, as I know we are all looking
forward to a successful remainder of 2009," stated Dave Owen,
Chairman and Chief Executive Officer of ICOP Digital.
About ICOP Digital, Inc.
ICOP Digital, Inc. (NASDAQ: ICOP) protects people, assets and
profits through its surveillance and communications solutions for
the public and private sectors. The ICOP Model 20/20�-W is the
leading digital in-car video system for law enforcement. ICOP
DVMS(TM) and ICOP iVAULT MMS(TM) (enterprise) server software
solutions store and manage video files. The ICOP Model 4000(TM)
mobile digital video system records video from transit and school
buses, and rail. ICOP LIVE(TM) delivers real-time situational
awareness from mobile or fixed cameras (live video to a first
responder vehicle and/or to headquarters), helping to optimize the
outcome of a crisis. www.ICOP.com (GSA Contractor).
About Paulson Investment Company, Inc.
Paulson Capital Corporation is the parent company to Paulson
Investment Company, Inc. Headquartered in Portland, Oregon, Paulson
Investment Company, Inc. is the Northwest's largest independent
brokerage firm and a national leader in public offerings of small
and emerging growth companies with capital needs of $5 million to
$45 million. Founded by Chester "Chet" Paulson in 1970, it has
managed or underwritten 163 securities offerings and has generated
more than $1.2 billion for client companies. The firm's enduring
success stems from its ability to recognize emerging industry
trends and from supporting emerging companies pioneering positive
change and advancements in those related markets.
With 37 branch offices throughout the country, Paulson
Investment Company, Inc. aims to earn and build trust with retail
and select institutional investors through highly customized
financial portfolio management, diversified financial products and
service offerings and effective administration and execution of
investment strategies that specifically address individual risk
tolerance levels. In addition, Paulson Investment Company, Inc.'s
brokerage clients look to the firm for compelling new investment
ideas in the small and emerging growth markets.
Safe Harbor Statement
This document contains forward-looking statements within the
meaning of Section 27A of the Securities Act of 1933, as amended,
and Section 21E of the Securities Exchange Act of 1934, as amended.
Such statements are subject to risks and uncertainties that could
cause actual results to vary materially from those projected in the
forward-looking statements. 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, the performance or
reliability of our products, our ability to draw funds and meet
obligations under the new line of credit, our ability to regain
compliance with Nasdaq listing standards, any failure to achieve
anticipated sales levels. These factors and others could cause
operating results to vary significantly from those in prior
periods, and those projected in forward-looking statements.
Additional information with respect to these and other factors,
which could materially affect the Company and its operations, are
included in certain forms the Company has filed with the Securities
and Exchange Commission.
For more information, contact: ICOP Digital, Inc. Melissa K.
Owen Dir. of Communications Phone: (913) 338-5550 Email Contact For
Investor Relations: DC Consulting, LLC Daniel Conway Chief
Executive Officer Phone: (407) 792-3332 Email Contact
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