ICOP Raises Over $420,000 on Class B (ICOPZ) Warrants to Date
September 23 2009 - 9:00AM
Marketwired
ICOP Digital, Inc. (NASDAQ: ICOP), an industry-leading company
engaged in advancing digital surveillance technology solutions,
today announced the exercise of over one million of its ICOPZ Class
B warrants (NASDAQ: ICOPZ), bringing over $420,000.00 in additional
funds to the Company for this offering to date. A 100% conversion
of the Class B warrants will provide a total of $3,724,980 to the
ICOP.
In order to exercise a warrant, the warrant holder must contact
his or her broker, who will be able to electronically exercise the
warrant for common shares of ICOP Digital, Inc. through a system
operated by The Depository Trust & Clearing Corporation (DTCC).
The Class B warrants are scheduled to expire on December 2,
2009.
Dave Owen, Chairman and Chief Executive Officer at ICOP, stated,
"We are very pleased that our shareholders continue to show
confidence in our ability to execute on our business plan. These
funds will be utilized to ensure an orderly inventory flow to meet
our anticipated increase in sales."
About ICOP Digital, Inc.
ICOP Digital, Inc. (NASDAQ: ICOP) is a leading provider of
mobile and in-car 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
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 per share price of the Company's
common stock may experience significant fluctuations, so there can
be no assurance that holders exercising Class B warrants will
profit from such exercise. Neither can there be any assurance that
all Class B warrants will be exercised, and the Company could
therefore receive significantly less than $3.7M in additional
capital. Additional information with respect to these and other
factors, which could materially affect the Company and its
operations, are included in the Company's most recent annual report
and registration statement filed with the Securities and Exchange
Commission and which are available from the Company without charge
or at http://www.sec.gov.
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
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