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 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

Icop Digital - Non-Redeemable Class B Warrants (MM) (NASDAQ:ICOPZ)
Gráfica de Acción Histórica
De May 2024 a Jun 2024 Haga Click aquí para más Gráficas Icop Digital - Non-Redeemable Class B Warrants (MM).
Icop Digital - Non-Redeemable Class B Warrants (MM) (NASDAQ:ICOPZ)
Gráfica de Acción Histórica
De Jun 2023 a Jun 2024 Haga Click aquí para más Gráficas Icop Digital - Non-Redeemable Class B Warrants (MM).