If someone would just pay for a promo this would run to at least .50. Very thin and lots and lots of discounted shares held at a basis above .38 with an R/S coming in July if the PPS does not reach $1.
I can't believe none of the momo groups have found this one yet. It is ripe.
LENEXA, KS -- (Marketwire) 05/11/10 ICOP Digital, Inc. (NASDAQ: ICOP), an industry-leading company engaged in advanced mobile video technology solutions, today announced that in accordance with a new strategic alliance with ICOP, Sparta will offer a lease-financing alternative to ICOP's customers under the their Municipal Lease Program. Sparta has become a leader in the law enforcement market for municipal leases and the relationship affords both companies the opportunity to leverage existing relationships.
"We are pleased to be able to support agencies with financing options, as the economy recovers. By partnering with Sparta, the process is streamlined for agencies, and provides tremendous flexibility," said Bob Bradley, Director of National Sales and Marketing for ICOP Digital, Inc.
ICOP's product line includes a variety of state-of-the-art video systems that are either facility or vehicle-based, and provide live, streaming video for security and surveillance purposes. Until now, ICOP's governmental customers had limited options versus purchasing the systems outright with full payments made up front. Through the new relationship with Sparta, local or state agencies that want to acquire ICOP systems will now be able to lease the equipment with the cost spread out over a period of time with appreciably lower capital outlays in any given year, resulting in the agency owning the systems at the end of the lease period.
Commenting on the new relationship with ICOP, Anthony Havens, Sparta's CEO, said "Once again, a provider of important and necessary equipment to a variety of governmental agencies has recognized the value of Sparta's Municipal Lease Program as an excellent and timely alternative to the traditional way of purchasing that equipment. ICOP is a leader in their market sector, and we are extremely pleased to be able to work with them in advancing a more practical and economical way for their customers to acquire the critical equipment they need. We're looking forward to a long and mutually beneficial relationship with them."
Municipal leasing, as a method for law enforcement agencies to acquire much needed equipment during tough economic times, was recently featured in an article published by PoliceOne.com. The article can be accessed at the following link:
ICOP Digital, Inc. (NASDAQ: ICOP) is a leading provider of mobile video solutions (i.e. in-car video) for Law Enforcement, Military, and Homeland Security 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
About Sparta Commercial Services, Inc.
Sparta Commercial Services is a New York-based, nationwide financial services company dedicated to municipal and governmental leasing. Sparta specializes in the financing of essential equipment and services for the law enforcement and emergency response communities. Sparta also offers financing and leasing products to consumers and retail powersports dealers.
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