SOURCE: ICOP Digital, Inc.

ICOP Digital, Inc.

June 16, 2009 13:00 ET

ICOP Announces Exercise of Green Shoe Option by Paulson Investment Company, Inc.

LENEXA, KS--(Marketwire - June 16, 2009) - ICOP Digital, Inc. (NASDAQ: ICOP), an industry-leading company engaged in advancing digital surveillance solutions, today announced Paulson Investment Company, Inc., a wholly owned subsidiary of Paulson Capital Corp, (NASDAQ: PLCC) has opted to exercise the over-allotment option for 97,500 units on the most current ICOP offering, which closed June 5, 2009. Additional net proceeds to the Company are $403,650.

The Green Shoe grants Paulson, lead underwriter on the June 5, 2009 offering, a 45-day option to exercise the additional units. "We are very pleased to have been able to work with ICOP in raising these additional funds," said Chet Paulson, Founder and Chairman of Paulson Investment Company, Inc.

"The continued vote of confidence from Paulson is greatly appreciated," said Dave Owen, Chairman and Chief Executive Officer of ICOP Digital, Inc. "We believe the extra proceeds will help us continue to accelerate the execution of our business plan."

This communication 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 in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state.

About ICOP Digital, Inc.

ICOP Digital's products capture the true story. ICOP provides in car video solutions and 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/.

About Paulson Capital Corporation

Paulson Capital Corporation is the parent company to Paulson Investment Company, Inc. Headquartered in Portland, Oregon, Paulson Investment Company, Inc. is the Northwest's largest independent brokerage firm and a national leader in public offerings of small and emerging growth companies with capital needs of $5 million to $45 million. Founded by Chester "Chet" Paulson in 1970, it has managed or underwritten 164 securities offerings and has generated more than $1.2 billion for client companies. Paulson Investment Company, Inc. has 37 branch offices throughout the country.

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 credit facility, and our ability to regain compliance with Nasdaq listing standards. 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.

Contact Information

  • For more information, contact:
    ICOP Digital, Inc.
    Melissa K. Owen
    Dir. of Communications
    Phone: (913) 338-5550
    Email Contact

    For Investor Relations:
    DC Consulting, LLC
    Daniel Conway
    Chief Executive Officer
    Phone: (407) 792-3332
    Email Contact