ICOP Secures $5 Million in New Financing

LENEXA, Kan. , Nov. 11 /PRNewswire-FirstCall/ -- ICOP Digital, Inc. (Nasdaq: ICOP), an industry-leading company engaged in advancing digital surveillance solutions, today announced that it has secured a new $5 million credit facility which includes...


LENEXA, Kan. , Nov. 11 /PRNewswire-FirstCall/ -- ICOP Digital, Inc. (Nasdaq: ICOP), an industry-leading company engaged in advancing digital surveillance solutions, today announced that it has secured a new $5 million credit facility which includes an accounts receivable purchasing component and inventory financing that will serve to replace the Company's former line of credit with Kansas -based Equity Bank. Advances from the new line of credit will be used for general working capital purposes to include the repayment of indebtedness to Equity Bank.

"ICOP is delighted to be partnering with a financial partner with the capabilities, experience and financing capacity necessary to meet our needs. The payoff of Equity Bank has been completed, freeing us to concentrate solely on achieving our strategic growth objectives," stated Dave Owen , Chairman and CEO of ICOP. "We greatly appreciate the time and effort our new lender spent to understand our business and market opportunities and look forward to working with them in the months ahead."

About ICOP Digital, Inc.

ICOP Digital, Inc. (Nasdaq: ICOP) operates on the core principle that 'without local security, there is no national security.' It endeavors to protect people, assets and profits for 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. (GSA Contractor)

The ICOP Model 20/20(R)-W, ICOP's flagship, award-winning product, is the leading digital in-car video recorder system for law enforcement. The ICOP 20/20 VISION(TM) is a digital video recorder which integrates the robust functionality of the ICOP Model 20/20-W into law enforcement agencies' existing Mobile Data Terminals (MDTs) - laptops in law enforcement vehicles - thereby delivering full, high performance capabilities controlled through an officer's MDT via keyboard or touch screen interface. ICOP LIVE(TM) delivers live streaming video to and from first responder vehicles and headquarters, empowering first responders with enhanced real-time situational awareness and actionable intelligence, optimizing the outcome of a crisis. ICOP LIVE delivers live video wirelessly to first responders over any wireless network and to multiple internet enabled Windows(R) devices simultaneously. The ICOP Model 4000(TM), ICOP's newest advanced surveillance solution, is the next generation school bus/transit/rail/fixed-base DVR system. The ICOP Model 4000 provides recording of up to eight video/audio inputs at full resolution at 30fps. In addition, the ICOP Model 4000 boasts many advanced and innovative features and capabilities, such as fully integrated wireless solution, gigabit Ethernet, an embedded web interface and many others.

For more information, please view the following video presentations at www.ICOP.com/2020video.htm and www.ICOP.com/veil.html, or visit www.ICOP.com.

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 line of credit, 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.

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