SmallCapReview- COPsync Shows Explosive Growth
COPsync [[COYN.OB]] has a highly revolutionary product that is showing explosice growth. The Company has facilitated the creation of the largest real-time law enforcement information sharing network in the country.
They are the only Law Enforcement software provider to provide full information sharing capabilities to all subscribing agencies in real time at the point of incident directly to the patrol officer.
As of March 31, 2009, COPsync had more than 3,600 police officers committed to utilizing its mobile software application, but that is only the beginning.
The idea of COPsync, derived from the 25-years combined law enforcement experience of its founders Russell Chaney and Shane Rapp. Their background includes the founding of CARad.com in January 2000, from a start-up company to its successful acquisition by eBay, Inc. in March 2003.
After the completion of the CARad.com acquisition, both Russell and Shane wanted to leverage their prior law enforcement background and their software development skills to improve the day-to-day performance of their fellow law enforcement officers.
COPsync, Inc. was launched to fill a large void in the Law Enforcement Community. The founders and consultants saw firsthand the negative implications associated with the inability of Law Enforcement Agencies to communicate with each other and failing to share information and intelligence to solve and prevent crimes.
The timing was right to launch a technology company to eliminate the deficiencies and barriers that prevent those professionals from successfully accomplishing their mission of protecting our very lives.
After spending 18-months on research and development, COPsync, was launched in April, 2004.
The goal of the company is to provide each law enforcement officer worldwide with additional patrol hours each week without increasing the payroll cost associated with additional or overtime hours. The officer on the street was tasked with a growing burden in their job, known as paperwork.
To accomplish this goal, each officer would need to be able to patrol additional hours without physically working additional hours each week. Each knew that with the right technological advances applied to the law enforcement field, their personal goals set-forth for COPsync, could be achieved. Keeping the company focused on this goal will produce an end-result of a safer community, state and nation. Yes, it is technology to Serve and Protect, but more so it also is technology specifically designed to give us a better class of living.
COPsync’s clients now have the ability to collect 100% of the officer’s activity in an electronic format – at the point of incident – creating the ability to share this same data real time regardless of the agency or their existing technology infrastructure.
Reasons to Like COPsync
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As of March 31, 2009, COPsync had more than 3,600 police officers committed to utilizing its mobile software application. In the three months ending March 31, 2009, the Company received $261,888 from licensing its software product.
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Of the 254 counties in the State of Texas, COPsync has secured contracts with Agencies in 73 of those counties, accounting for COPsync information sharing in over 25% of all the counties in the state.
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Those 73 counties represent agreements with 226 law enforcement agencies which are a mix of Police, Sheriff, and Constable Departments, as well as DA Investigators.
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The management team’s background includes the founding of CARad.com in January 2000, from a start-up company to its successful acquisition by eBay, Inc. in March 2003.
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Recently announced that software licensing fees it will receive during the quarter ended June 30, 2009 are anticipated to increase to over $350,000, representing an approximate 41% increase from the previous quarter.
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The Company has facilitated the creation of the largest real-time law enforcement information sharing network in the country.
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Recently announced that one of the Company’s Channel Partners, Ki Corp, has secured a contract with the Lubbock County, Texas Sheriff’s Office to install COPsync’s information sharing solution in the Lubbock County Sheriff’s patrol cars.
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An excellent article on COPsync can be read at PoliceOne.com here.
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Announced that it has been commissioned by the Eastland Police Department to implement COPsync.
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Announced that Haskell County Sheriff’s Office and the City of Haskell Police Department has initiated nationwide law enforcement information sharing through the implementation of COPsync.
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The Company has engaged the largest government relations firm in the northeast in the areas of law enforcement, public safety and homeland security, Brandon Associates, LLC. Brandon Associates will provide management consulting and advisory services relating to the Company’s interests at the Federal and State level of the executive government.
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Announced that the Company has installed and trained members of the Hemphill County, Texas Sheriff’s Department on the COPsync mobile information sharing solution.
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Announced that 119 Texas Law Enforcement agencies have committed to implement the COPsync technology in 2008.
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The current administration has increased spending for law enforcement technology. Companies with technology that enhances the effectiveness and abilities of law enforcement could see huge gains in the coming months.
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COYN is positioned to become one of the fastest growing software technology providers to law enforcement professionals worldwide.
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Just announced it has prepared grant application exceeding $10 million on behalf of law enforcement clients.
ABOUT THE AUTHOR
Thomas Englebert is Editor/Founder of www.SmallCapReview.com, a leading site for news on small-cap stocks since 1999. SmallCapReview has built a loyal opt-in following for their investor products by providing a newsletter at no cost, sent to subscribers, highlighting select small-cap stocks. To register, visit http://www.smallcapreview.com/subscribe.htm. To contact the author email: editor@smallcapreview.com.
The profile and opinions expressed herein are expressed as of the date the profile is posted on site and are subject to change without notice. In order to be in full compliance with the Securities Act of 1933, Section 17(b), SCR will disclose, what, if any compensation was received for our efforts in researching, presenting and disseminating this information to our subscriber database and featuring the report on the SCR web site. SCR has been compensated three thousand five hundred dollars by a third party GreenHorseshoe for its services with regards to COPsync.
CONTACT: Daniel Minton, Managing Director, 406-862-5400, daniel@accelerize.com