Capital Growth Financial Issues Buy Recommendation on ICOP
01 November 2006 - 7:01PM
PR Newswire (US)
LENEXA, Kan., Nov. 1 /PRNewswire-FirstCall/ -- ICOP Digital, Inc.
(Nasdaq: ICOP; NYSE Arca:ICOP), an industry-leading company engaged
in advancing digital surveillance solutions, today announced that
Capital Growth Financial, LLC (CGF), a diversified financial
services firm, has initiated coverage on ICOP with a "Buy"
recommendation and a 12-month price target of $6.00. CGF
DISCLAIMER: CGF or its affiliate(s) managed or co-managed a public
offering of securities for the subject company in the past 12
months. CGF or its affiliate(s) received compensation for
investment banking services from the subject company in the past 12
months. CGF, at the time of publication, makes a market in the
subject company. This report is not directed to, or intended for
use by, any person or entity who is a citizen or resident of or
located in any locality, state, country or other jurisdiction where
such distribution, publication, availability or use would be
contrary to law or regulation or which would subject Capital Growth
Financial or its subsidiaries or its affiliates to any registration
or licensing requirement within such jurisdiction. All material
presented in this report, unless specifically indicated otherwise,
is under copyright to CGF. None of the material, nor its content,
nor any copying of it, may be altered in any way, transmitted to,
copied or distributed to any other party, without the prior express
written permission of CGF. All trademarks, service marks and logos
used in this report are trademarks or service marks or registered
trademarks or service marks of CGF or its affiliates. The
information, tools and material presented in this report are
provided for informational purposes only and are not to be used or
considered as an offer or the solicitation of an offer to sell or
to buy or subscribe for securities or other financial instruments.
CGF may not have taken any steps to ensure that the securities
referred to in this report are suitable for any particular
investor. CGF will not treat recipients as its customers by virtue
of their receiving the report. The investments or services
contained or referred to in this report may not be suitable for you
and it is recommended that you consult an independent investment
advisor if you are in doubt about such investments or investment
services. Nothing in this report constitutes investment, legal,
accounting, or tax advice or a representation that any investment
or strategy is suitable or appropriate to your individual
circumstances or otherwise constitutes a personal recommendation to
you. CGF does not offer advice on the tax consequences of
investment and you are advised to contact an independent tax
advisor. Please note in particular that the bases and levels of
taxation may change. CGF believes the information and opinions in
the Disclosure Appendix of this report are accurate and complete.
Information and opinions presented in other sections of the report
were obtained or derived from sources CGF believes are reliable,
but CGF makes no representations as to their accuracy or
completeness. Moreover, we are under no obligation to inform you if
or when data, information, or opinions in this report change. CGF
accepts no liability for loss arising from the use of the material
presented in this report, except that this exclusion of liability
does not apply to the extent that liability arises under specific
statutes or regulations applicable to CGF. This report is not to be
relied upon in substitution for the exercise of independent
judgment. CGF may have issued, and may in the future issue, a
trading call regarding this security. Trading calls are short term
trading opportunities based on market events and catalysts, while
stock ratings reflect investment recommendations based on expected
total return over a 12- month period relative to the relevant
coverage universe. Because trading calls and stock ratings reflect
different assumptions and analytical methods, trading calls may
differ directionally from the stock rating. In addition, CGF may
have issued, and may in the future issue, other reports that are
inconsistent with, and reach different conclusions from, the
information presented in this report. Those reports reflect the
different assumptions, views and analytical methods of the analysts
who prepared them and CGF is under no obligation to ensure that
such other reports are brought to the attention of any recipient of
this report. Past performance should not be taken as an indicator
or guarantee of future performance, and no representation or
warranty, express or implied, is made regarding future performance.
Information, opinions and estimates contained in this report
reflect a judgment at its original date of publication by CGF and
are subject to change without notice. The price, value of and
income from any of the securities or financial instruments
mentioned in this report can fall as well as rise. The value of
securities and financial instruments is subject to exchange rate
fluctuation that may have a positive or adverse effect on the price
or income of such securities or financial instruments. Investors in
securities such as ADRs, the values of which are influenced by
currency volatility, effectively assume this risk. In jurisdictions
where CGF is not already registered or licensed to trade in
securities, transactions will only be effected in accordance with
applicable securities legislation, which will vary from
jurisdiction to jurisdiction and may require that the trade be made
in accordance with applicable exemptions from registration or
licensing requirements. Non-U.S. customers wishing to effect a
transaction should contact a CGF entity in their local jurisdiction
unless governing law permits otherwise. U.S. customers wishing to
effect a transaction should do so only by contacting a
representative at Capital Growth Financial, LLC in the U.S. Please
note that this report was originally prepared and issued by CGF for
distribution to market professionals and CGF's institutional
investor customers. Reports may also be distributed through CGF
representatives to individual investors. In addition to CGF
representatives, individual investors, as well as recipients who
are not market professionals or institutional investor customers of
CGF, should seek the advice of their independent financial advisor
prior to making any investment decision based on this report or for
any necessary explanation of its contents. Reports may contain
references to "consensus" estimates (referring, unless otherwise
noted, to the mean analyst estimate as reported by Thomson First
Call(R)), or to the research of other broker-dealers and/or other
sources. CGF personnel have not reviewed and make no assurance as
to the accuracy of those estimates and/or the research of other
sources. Additional information is available upon request. You may
request this information by writing to Michael Falken, Capital
Growth Financial, 225 Northeast Mizner Boulevard, Suite 750, Boca
Raton, Florida 33432 or Jeffrey B. Little, 225 NE Mizner Boulevard,
Suite 750, Boca Raton, Florida 33432; or via email to or to , or
visit CGF's corporate website at
http://www.capitalgrowthfinancial.com/. The opinions expressed in
the Capital Growth Financial Initiation Report on ICOP Digital,
Inc. are that of the analyst and not of ICOP Digital, Inc. ICOP
does not accept responsibility for the accuracy of any of the
information contained in this report. For information provided by
ICOP with respect to its business and business prospects, as well
as the risks associated with an investment in ICOP's stock, please
see the Company's reports filed with the Securities and Exchange
Commission, copies of which are available at http://www.sec.gov/
and also on the Company website at http://www.icop.com/. About
Capital Growth Financial, LLC Founded in 1995, CGF is a diversified
financial services firm which provides investment and merchant
banking, retail and institutional brokerage and proprietary
research. For more information, please visit
http://www.capitalgrowthfinancial.com/. About ICOP Digital, Inc.
ICOP Digital, Inc. is a Kansas-based company that delivers
innovative, mission-critical security, surveillance, and
communications solutions that provide timely and accurate
information for the public and private sectors, and monitor and
protect people, assets and profits. The ICOP Model 20/20 is the
leading digital in-car video recorder system for use by law
enforcement. ICOP Digital is currently marketing its solutions for
application in law enforcement, homeland security and defense, mass
transit and commercial surveillance. ICOP Digital, a GSA
contractor, is dual listed on the NASDAQ market and the NYSE Arca,
and the common stock and warrants trade under the ticker symbols
"ICOP" and "ICOPW," respectively. For more information, please
visit http://www.icop.com/, or view a 3-minute movie about ICOP at
http://www.impactmovie.com/ICOP. 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, and the
performance or reliability of our products. 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. For more information,
contact: Laura E. Owen, President & COO 16801 West 116th Street
Lenexa, KS 66219 USA Phone: (913) 338-5550 Fax: (913) 312-0264
http://www.icop.co/ For Investor Relations: Elite Financial
Communications Group, LLC Dodi Handy, President and CEO Phone:
(407) 585-1080 DATASOURCE: ICOP Digital, Inc. CONTACT: Laura E.
Owen, President & COO of ICOP Digital, Inc., +1-913-338-5550,
or fax, +1-913-312-0264, or ; or Investor Relations, Dodi Handy,
President and CEO of Elite Financial Communications Group, LLC,
+1-407-585-1080, or Web site: http://www.icop.com/
http://www.capitalgrowthfinancial.com/
http://www.impactmovie.com/ICOP
Copyright