LENEXA, Kan., Oct. 16 /PRNewswire-FirstCall/ -- ICOP Digital, Inc. (Nasdaq: ICOP; NYSE Arca: ICOP), an industry-leading company engaged in advancing digital surveillance solutions, today announced that it has priced a public offering of one million shares of its common stock at $4.60 per share and one million warrants at $1.37 per warrant. Gross proceeds from this offering, which is expected to close Thursday, October 19, 2006, will total $5.97 million. Paulson Investment Company, Inc. acted as lead manager of this offering, and Capital Growth Financial, LLC acted as co-manager. A copy of the final prospectus for the offering may be obtained from Paulson Investment Company, Inc., 811 S.W. Naito Parkway, Suite 200, Portland, Oregon 97204. The underwriters have the option to purchase up to 150,000 additional shares of common stock and 150,000 warrants to cover over-allotments. A registration statement relating to these securities has been filed with the U.S. Securities and Exchange Commission, and went effective this morning, October 16, 2006 at 9:00 AM EDT. These securities may not be sold nor may offers to buy be accepted prior to the time the registration statement becomes effective. This press release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction. About Paulson Investment Company, Inc. Paulson Investment Company, Inc. is a wholly owned subsidiary of Paulson Capital Corp. (NASDAQ:PLCC). Located in Portland, Oregon, Paulson Investment Company, Inc. is the Northwest's largest independent brokerage firm and a national leader in public offerings of small and emerging growth companies with capital needs of $5 million to $45 million. Founded by Chet Paulson in 1970, it has managed or underwritten more than 150 public offerings and has generated more than $1 billion for client companies. 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 its common stock and warrants trade under the ticker symbols "ICOP" and "ICOPW," respectively. For more information, please view a three-minute ICOP video presentation at http://www.icopdigital.com/why_icop.html, or visit http://www.icop.com/. 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, COO 16801 West 116th Street Lenexa, KS 66219 USA Phone: (913) 338-5550 Fax: (913) 312-0264 http://www.icop.com/ For Investor/Media Relations: Elite Financial Communications Group/Elite Media Group Dodi Handy, President and CEO Phone: (407) 585-1080 DATASOURCE: ICOP Digital, Inc. CONTACT: Laura E. Owen, COO of ICOP Digital, Inc., +1-913-338-5550, or Fax, +1-913-312-0264, or ; Investor-Media Relations, Dodi Handy, President and CEO of Elite Financial Communications Group-Elite Media Group, +1-407-585-1080, or Web site: http://www.icop.com/ http://www.icopdigital.com/why_icop.html

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