ICOP Confirms Three Day Broker Protect Period for ICOPZ Warrants
Date : 11/24/2009 @ 9:00AM
Source : MarketWire
Stock : ICOP Digital, Inc. (ICOP)
Quote : 0.4699 0.0 (0.00%) @ 7:22AM
ICOP Confirms Three Day Broker Protect Period for ICOPZ Warrants
LENEXA, KS -- (Marketwire) -- 11/24/09 -- ICOP Digital, Inc. (NASDAQ: ICOP), an industry-leading company engaged in advancing digital surveillance technology solutions, today confirmed that that the company's Class B common stock warrants, which trade publicly under the NASDAQ symbol ICOPZ, will expire and cease to trade at close of market December 2, 2009. The company strongly encourages all warrant holders to exercise their warrants before they expire.
ICOP will extend a three trading day broker protect period for any trades of the ICOPZ warrants that occur through the expiration date. Holders wishing to exercise Class B Warrants must deliver funds for the exercise by the December 2, 2009 expiration date, and must deliver the warrants for settlement on or before the broker protect period ends on December 7, 2009.
The exercise price of the Class B warrants is $0.42 per share.
As of today, approximately 45% of the ICOPZ Class B warrants have been exercised. A 100% conversion of the Class B warrants would generate gross proceeds of approximately $3,724,980 to ICOP.
In order to exercise a warrant, the warrant holder may contact his or her broker, who will be able to electronically exercise the warrant for common shares of ICOP Digital, Inc. through a system operated by The Depository Trust & Clearing Corporation (DTCC). Brokers are encouraged to contact the Company's transfer agent, Computershare (1-800-962-4284), in advance of the expiration date to confirm the procedures for exercising warrants and payment of exercise prices in light of the broker protect period.
About ICOP Digital, Inc.
ICOP Digital, Inc. (NASDAQ: ICOP) is a leading provider of in-car video and mobile video solutions for Law Enforcement, Fire, EMS, Military, and Transportation markets, worldwide. ICOP solutions help the public and private sectors mitigate risks, reduce losses, and improve security through the live streaming, capture and secure management of high quality video and audio. www.ICOP.com
Forward-Looking Statements
This document contains forward-looking statements. You should not rely too heavily on forward-looking statements because they are subject to uncertainties and factors relating to our operations and business environment, all of which are difficult to predict and many of which are beyond our control. 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. This, plus other uncertainties and factors described in our most-recent annual report and our most-recent prospectus filed with the Securities and Exchange Commission, could materially affect the Company and our operations. These documents are available electronically without charge at www.sec.gov.
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