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ICOP Digital, Inc.: ICOP Raises Over $420,000 on Class B (ICOPZ) Warrants to Date

^{Published on 2009-09-23 06:23:39 - Market Wire}
 

LENEXA, KS--(Marketwire - September 23, 2009) - 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 ].