LENEXA, Kan., Aug. 13 /PRNewswire-FirstCall/ -- ICOP Digital, Inc. (Nasdaq: ICOP), an industry-leading company engaged in advancing digital surveillance solutions, today announced its financial results for three and six months ended June 30, 2007 .
Financial highlights for the three months ended June 30, 2007 compared to the three months ended June 30, 2006:
Financial highlights for the six months ended June 30, 2007 compared to the six months ended June 30, 2006:
As of June 30, 2007 , the Company had
Dave Owen , Chairman and CEO, stated, "The first six months of 2007 have proven to be a period of notable growth for ICOP and a time in which we have made meaningful progress in expanding our growing product platform and increasing our share of the domestic digital surveillance market. With the commercial availability of the ICOP Model 20/20-W(TM), ICOP LIVE(TM) and ICOP Guardian(TM) IP camera, and with the planned third quarter launch of the ICOP Model 4000(TM) for applications in the mass transit industry, we believe we are ideally positioned to achieve a series of critical financial and operational objectives in the second half of this year. In fact, already in the third quarter, we have been processing, or have been notified that we're being awarded, record-size orders from new and existing customers within law enforcement who are proceeding with planned fleet deployments of the ICOP Model 20/20 and ICOP Model 20/20-W. Moreover, we are seeing a number of state-supported initiatives coming to bear, with states like New Mexico , choosing ICOP to supply local and state law enforcement agencies with digital in-car solutions under state-approved pricing contracts."
Continuing, Owen added, "Our joint national marketing effort with Sprint- Nextel continues to yield a broad range of compelling sales opportunities for our proprietary community-centric surveillance and communications platform, the ICOP Solution(TM), marked by interest from government agencies and commercial enterprises, alike, who recognize the immediate need to wirelessly interface site surveillance and security with local law enforcement and related emergency response agencies within the community. This area of focus for ICOP represents perhaps the most exciting and significant long term growth potential for our Company. By capitalizing on our superior suite of surveillance products, the combined strength of ICOP and Sprint-Nextel national sales teams, and our first-to-market advantage, we anticipate many meaningful developments on this front in coming quarters."
ICOP will host a teleconference this afternoon, beginning at 4:15 PM Eastern, and invites all interested parties to join management in a discussion regarding the Company's financial results, corporate progression and other meaningful developments referred to in this press release. The conference call can be accessed via telephone by dialing toll free 1-800-240-2134 or via the web at http://www.ICOP.com. For those unable to participate at that time, a replay of the web cast will be available for 90 days on http://www.ICOP.com.
About ICOP Digital, Inc.
ICOP Digital, Inc. protects people, assets and profits, providing a Veil of Protection(TM) for our nation's communities with innovative, mission- critical security, surveillance and communication solutions. The Company engineers, manufactures and markets mobile and stationary surveillance products for use in the public and private sectors, and facilitates the delivery of live video to first responders. The ICOP Model 20/20(R)-W, ICOP's flagship product, is the leading digital in-car video recorder system for law enforcement. The ICOP Guardian(TM) is a stationary IP camera that records high quality video images on a local server, and is capable of activation through several triggers. ICOP LIVE(TM) delivers live streaming video to and from first responder vehicles and headquarters, empowering first responders with enhanced situational awareness, helping to optimize the outcome of a crisis. (GSA Contractor)
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 the Company's 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, including its Annual Report on Form 10-KSB, Quarterly Reports on Form 10-QSB and Current Reports on Form 8-K.
SOURCE ICOP Digital, Inc.