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ICOP ICOP SpA

8.00
-0.02 (-0.25%)
22 Nov 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type
ICOP SpA BIT:ICOP Italy Ordinary Share
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  -0.02 -0.25% 8.00 7.62 8.20 8.02 7.78 8.00 10,750 17:00:00

ICOP Reports Fourth Quarter Revenue Expected To Exceed $2.5 Million

21/12/2006 3:05pm

PR Newswire (US)


ICOP (BIT:ICOP)
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CEO Reflects on 2006 Accomplishments and Comments on 2007 Goals and Objectives LENEXA, Kan., Dec. 21 /PRNewswire-FirstCall/ -- Dave Owen, Chairman and CEO of ICOP Digital, Inc. (Nasdaq: ICOP; NYSE Arca: ICOP), an industry-leading company engaged in advancing digital surveillance solutions, today formally commented on anticipated revenue results for the current fourth quarter, key 2006 accomplishments and primary goals and objectives for 2007. "As we fast approach the end of 2006, I wanted to take the opportunity to express the thanks and appreciation of the entire ICOP team for the strong support we've received from our shareholders, customers, Company supporters and friends -- all of whom have helped to make this past year the most exciting, productive year ever for ICOP Digital. Moreover, the progress we've achieved over the past 12 months has helped to propel our Company into the forefront of the advanced surveillance industry, and has well positioned us to pursue a number of extraordinary growth opportunities in the coming year. "On reflection, 2006 was indeed a year defined by our success in establishing the ICOP Model 20/20 as the preferred in-car digital video solution for U.S. law enforcement. Recognized by Law Enforcement Technology and Law Enforcement Product News (LEPN) as the winner of the 2006 INNOVATION Award, the ICOP Model 20/20 has continued to withstand rigorous customer testing and evaluation going head-to-head with peer competitive offerings, and routinely prevailing as the solution of choice. As a consequence, 2006 sales growth on a sequential quarter-over-quarter basis has been steady and strong, culminating in fourth quarter sales that we expect will exceed $2.5 million, representing our best quarter yet. "ICOP has seen a marked escalation in the number of mid-sized and metropolitan agencies moving to adopt digital in-car video solutions in fleet- wide deployments, driven in part by the recent publication of the proposed minimum specifications by the International Association of Chiefs of Police (IACP), the largest industry association serving law enforcement. In light of the fact that the ICOP Model 20/20 is the only solution that currently meets virtually all of the IACP's proposed minimum specifications for digital in-car video, we believe we hold a distinct market advantage over others competing for these new customer wins. This bodes exceedingly well for ICOP and should provide for continued robust revenue growth in the coming year. "Looking to 2007, there is no question that ICOP will continue to increase its share of the digital in-car video market for law enforcement. Our current pipeline of prospective new customers is at an all-time high, helping to inspire a great deal of enthusiasm and pro-activity among our sales teams. Moreover, with the anticipated first quarter launch of our new ICOP Guardian stationary IP camera, coupled with the availability of our new live streaming video solution at approximately the same time, we are poised to realize ICOP's vision of providing entire communities with a comprehensive 'veil of protection' -- an initiative that is quickly winning support from a number of prospective industry partners. "In this regard, ICOP intends to build a strategic coalition of world class companies who share our vision for materially advancing community response to crisis situations in cities nationwide. In the coming year, ICOP will be undertaking a series of important initiatives associated with this exciting endeavor. As this program gains momentum and greater definition, we look forward to sharing related details through news announcements, quarterly conference calls and other ICOP-sponsored events. "In closing, I'd like to wish everyone a safe and happy holiday and encourage you to pay close attention to ICOP in the coming year. By our assessment, 2007 promises to be a very exciting year," concluded Owen. 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 award winning 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 visit http://www.icop.com/, or view a 3-minute movie about ICOP at http://www.impactmovie.com/ICOP. 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: Laura E. Owen, President and COO 16801 West 116th Street Lenexa, KS 66219 USA Phone: (913) 338-5550 Fax: (913) 312-0264 http://www.icop.com/ For Investor Relations: Elite Financial Communications Group, LLC Dodi Handy, President and CEO Phone: (407) 585-1080 DATASOURCE: ICOP Digital, Inc. CONTACT: Laura E. Owen, President and COO of ICOP Digital, Inc., +1-913-338-5550, or fax, +1-913-312-0264, or ; or For Investor Relations, Dodi Handy, President and CEO of Elite Financial Communications Group, LLC, +1-407-585-1080, or Web site: http://www.icop.com/ http://www.impactmovie.com/ICOP

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