ICOP Digital Receives NASDAQ Notice of Non-Compliance; Intends to Request a Hearing
January 15 2010 - 4:15PM
Marketwired
ICOP Digital, Inc. (NASDAQ: ICOP), an industry-leading company
engaged in advancing digital surveillance technology solutions,
today announced today that, on January 13, 2010, it received a
NASDAQ Staff Determination letter indicating that because ICOP had
not regained compliance with the $1.00 minimum bid price
requirement for continued listing, as set forth in NASDAQ Listing
Rule 5550(a)(2) (the "Rule"), ICOP's securities would be subject to
delisting from The NASDAQ Capital Market unless ICOP requests a
hearing before a NASDAQ Listing Qualifications Panel (the "Panel")
by January 20, 2010. ICOP intends to timely request a hearing
before the Panel. As a result, ICOP's securities will remain listed
on The NASDAQ Capital Market until the Panel renders its final
determination following the hearing. In connection with the
hearing, ICOP intends to submit a plan outlining its strategy for
regaining compliance with the continued listing requirements. Under
NASDAQ's Listing Rules, the Panel may, in its discretion, determine
to continue the Company's listing pursuant to an exception to the
Rule for a maximum of 180 calendar days from the date of the
Staff's notification or through July 12, 2010. However, there can
be no assurances that the Panel will do so or that the Company's
plans to exercise diligent efforts to maintain the listing of its
securities on NASDAQ will be successful.
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 ICOP and our
operations. These documents are available electronically without
charge at www.sec.gov.
For more information, contact: Melissa K. Owen Dir. of
Communications 16801 West 116th Street Lenexa, KS 66219 USA Phone:
(913) 338-5550 Fax: (913) 312-0264 Email Contact www.ICOP.com For
Investor Relations: DC Consulting, LLC Daniel Conway Chief
Executive Officer Phone: (407) 792-3332 Email Contact Email
Contact
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