ICOP Digital (ICOP) Announces Exercise of Green Shoe Option by Paulson Investment Company (PLCC)

June 16, 2009 1:04 PM EDT
ICOP Digital, Inc. (NASDAQ: ICOP) announced Paulson Investment Company, Inc., a wholly owned subsidiary of Paulson Capital Corp, (NASDAQ: PLCC) has opted to exercise the over-allotment option for 97,500 units on the most current ICOP offering, which closed June 5, 2009. Additional net proceeds to the Company are $403,650.

The Green Shoe grants Paulson, lead underwriter on the June 5, 2009 offering, a 45-day option to exercise the additional units. "We are very pleased to have been able to work with ICOP in raising these additional funds," said Chet Paulson, Founder and Chairman of Paulson Investment Company, Inc.

"The continued vote of confidence from Paulson is greatly appreciated," said Dave Owen, Chairman and Chief Executive Officer of ICOP Digital, Inc. "We believe the extra proceeds will help us continue to accelerate the execution of our business plan." [SM]

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