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ICOP Digital, Inc.: Konlin Research & Analysis Issues Price Target on ICOP
LENEXA, KS--(Marketwire - June 5, 2009) - [ ICOP Digital, Inc. ] (
In "The KonLin Letter," analyst Konrad Kuhn stated, "The stock is trading in the support area of purchase for a 1st target of $1.25 - $1.50, especially since ICOP was awarded a contract to equip Ministry of Interior vehicles in Saudi Arabia with the [ ICOP Model 20/20®-W ] and shipped its first order for 100 units as a pilot project. The Kingdom of Saudi Arabia operates one of the single largest security forces in the world, with tens of thousands of vehicles comprising its fleet."
"Law enforcement agencies around the world are applying video technology to many facets of police operations by equipping vehicles with video recorders, monitoring public areas, and recording bookings and other police procedures. Video recordings are an essential tool for law enforcement agencies in providing an accurate portrayal of traffic violations, citizen and officer behavior and other events as they occur. Ultimate target 4.00-4.25[dollars per share]," continued Kuhn.
The opinions expressed in "The KonLin Letter" are those of the analyst and not of ICOP Digital, Inc. ICOP does not accept responsibility for the accuracy of any of the information or statements contained in this report. For information provided by ICOP with respect to its business and business prospects, as well as the risks associated with an investment in ICOP's stock, please see the Company's reports filed with the Securities and Exchange Commission, copies of which are available at [ www.sec.gov ] and also on the Company website at [ http://www.icop.com/ ].
About "The KonLin Letter"
"The KonLin Letter" is a unique service that recommends 5 low-priced selections each month including a featured stock of the month, and reviews 30-35 different stocks while monitoring a broad range of technical indicators for the best possible Market Timing Advice. For more information, please visit www.konlin.com.
About [ ICOP Digital, Inc. ]
ICOP Digital's products capture the true story. ICOP provides [ mobile video solutions ] for use in the law enforcement, fire, EMS, public transit, and pupil transportation markets. With customers in 49 states in the U.S., ICOP solutions provide the highest[ quality video evidence ] through the use of state of the art digital imaging technology. The evidence captured is a critical component used by customers for the: conviction of criminals, enforcement of laws, reduction of crime, exoneration of personnel, and saving of litigation/settlement expenses. For more information, please call ICOP at (866) 210-4267 or visit our website at [ 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, 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.