ICOP Reports Fourth Quarter Revenue Expected To Exceed $2.5 Million
December 21 2006 - 9:05AM
PR Newswire (US)
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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