ICOP Announces Proposed Offering of Common Stock and Warrants
14 September 2006 - 4:08AM
PR Newswire (US)
LENEXA, Kan., Sept. 13 /PRNewswire-FirstCall/ -- ICOP Digital, Inc.
(NASDAQ:ICOP)(NYSE:ICOP), an industry-leading company engaged in
advancing digital surveillance solutions, today announced that it
plans to offer one million shares of its common stock and one
million warrants to purchase common stock in an underwritten public
offering. The Company also intends to grant an option to the
underwriters to purchase up to an additional 150,000 shares and
150,000 warrants to cover any over-allotments. Paulson Investment
Company, Inc. is acting as the sole book-running manager of this
offering. Capital Growth Financial, LLC is acting as co- manager.
This offering of shares and warrants may be made only be means of a
preliminary prospectus, copies of which may be obtained from
Paulson Investment Company, Inc., 811 S.W. Naito Parkway, Suite
200, Portland, Oregon 97204. A registration statement relating to
these securities has been filed with the U.S. Securities and
Exchange Commission, but has not yet become effective. These
securities may not be sold nor may offers to buy be accepted prior
to the time the registration statement becomes effective. This
press release shall not constitute an offer to sell or the
solicitation of an offer to buy, nor shall there be any sale of
these securities in any state or jurisdiction in which such offer,
solicitation or sale would be unlawful prior to registration or
qualification under the securities laws of any such state or
jurisdiction. About ICOP Digital, Inc. ICOP Digital, Inc. is a
Kansas-based company that delivers innovative, mission-critical
security, surveillance, and communications solutions that provide
timely and accurate information for the public and private sectors,
and monitor and protect people, assets and profits. The ICOP Model
20/20 is the leading digital in-car video recorder system for use
by law enforcement. ICOP Digital is currently marketing its
solutions for application in law enforcement, homeland security and
defense, mass transit and commercial surveillance. ICOP Digital, a
GSA contractor, is dual listed on the NASDAQ market and the NYSE
Arca, and its common stock and warrants trade under the ticker
symbols "ICOP" and "ICOPW," respectively. For more information,
please view a three-minute ICOP video presentation at
http://www.icopdigital.com/why_icop.html, or visit
http://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 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. 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: For Investor/Media Relations: Laura E.
Owen, COO Elite Financial Communications 16801 West 116th Street
Group/Elite Media Group Lenexa, KS 66219 USA Dodi Handy, President
and CEO Phone: (913) 338-5550 Phone: (407) 585-1080 Fax: (913)
312-0264 http://www.icop.com/ DATASOURCE: ICOP Digital, Inc.
CONTACT: Laura E. Owen, COO of ICOP Digital, Inc., +1-913-338-5550,
or fax +1-913-312-0264, or ; or Investor and Media Relations, Dodi
Handy, President and CEO of Elite Financial Communications
Group-Elite Media Group, +1-407-585-1080, or Web site:
http://www.icop.com/ http://www.icopdigital.com/why_icop.html
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