ICOP Reports Results of 2006 Annual Meeting of Stockholders
August 10 2006 - 12:52PM
PR Newswire (US)
Board Names CEO Dave Owen as Chairman and COO Laura Owen Expands
Leadership Role With Appointment as President LENEXA, Kan., Aug. 10
/PRNewswire-FirstCall/ -- ICOP Digital, Inc. (NASDAQ:ICOP) (NYSE
Arca: ICOP), a leading provider of digital in-car video systems for
law enforcement, today announced that at its Annual Meeting of
Stockholders held earlier today in Lenexa, Kansas, shareholders
approved the election of Roger Mason and COO Laura Owen as Class C
Directors. In addition, shareholders voted in favor of increasing
the number of shares reserved for issuance under the Company's 2002
Stock Option Plan to 1.5 million shares. These were the only two
items on the meeting agenda up for vote pursuant to the Notice of
Meeting. In related news, the Company reported that the Board of
Directors named Dave Owen, ICOP's CEO and Director, as the new
Chairman of the Board, replacing Charles A. Ross, Sr. who on June
15, 2006 announced his intention to resign from the Board of
Directors, effective as of the 2006 Annual Meeting of Stockholders.
Mr. Ross expressed his desire to dedicate his full-time efforts and
attention to his other business pursuits. In addition, the Board
expanded COO Laura Owen's leadership role with the additional
appointment as Company President. In an informal presentation to
attendees of the Annual Meeting, Dave Owen elaborated on the
Company's steady growth progression, prevailing sales and marketing
initiatives, and plans for expanding the product platform. "Since
officially launching commercial operations in June of 2005 with the
national roll-out of the ICOP Model 20/20, ICOP has focused on
executing strategies designed to achieve brand and product
awareness and rapid market penetration. Today, with customers in 43
states, it is evident that our strategies are working. The
increasing strength of new customer growth is squarely matched by
the steady flow of reorders we are receiving from existing
customers implementing full fleet deployments." Continuing, Owen
noted, "Moreover, the International Association of Chiefs of Police
(IACP) Minimum Specifications document for in-car video will become
effective on August 13, 2006. The ICOP Model 20/20 is in the
enviable position of meeting virtually all of the material
specifications noted. As a consequence, we expect this will serve
to promote even greater growth opportunities in the law enforcement
sector for our Company well into the foreseeable future, and we are
ready." "Now that we have established a strong foothold in the law
enforcement market, we have begun to turn our attention to
expanding the markets that ICOP serves. With the formation of our
new military sales unit, coupled with the addition of Colonel
DeProspero to our Advisory Board, we are implementing plans to
replicate and refine our marketing approach used to promote product
sales in law enforcement to begin capturing market share of the
military and homeland security mobile surveillance industries. In
addition, we are engaged in field testing with select mass transit
companies, in which we are demonstrating the advanced functionality
and system capabilities of our mobile solutions. All things
considered, by balancing and continuing to reinforce our key
objectives, 2006 is proving to be a banner year for ICOP,"
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 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 the common stock and warrants trade under the ticker
symbols "ICOP" and "ICOPW," respectively. For more information,
please visit http://www.icop.com/ , or to view a three-minute ICOP
marketing presentation, please go to
http://www.icopdigital.com/why_icop.html . 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, 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, COO, ICOP Digital, +1-913-338-5550, or fax, +1-913-312-0264,
or ; or Investor Relations, Dodi Handy, President and CEO, Elite
Financial Communications Group, LLC, +1-407-585-1080, or , for ICOP
Digital Web site: http://www.icop.com/
http://www.icopdigital.com/why_icop.html
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