Mr. Ronald A. Woessner, Chief Executive Officer of COPsync, stated, "This is a very significant contract for the Company. The Palmview Police Department $237,000 contract is more than 25% of the entire Q4 2015 sales bookings of $922,000. Our sales pipeline for the remainder of 2016 is strong, and we expect to announce record Q3 sales results later this month when the Company's GAAP financial results are published. This is evidence that the velocity of the Company's sales is increasing, as we predicted it would, due to 'network effects' and the Company's new sales strategy of collaborating with political influencers and others to assist with the sales effort."
About COPsync, Inc.
COPsync, Inc. (NASDAQ: COYN) is a technology company that connects law enforcement officers across the nation, so they can communicate and share mission-critical information in real-time. This saves officers' lives and keeps the public safer; helps law enforcement officers catch common criminals and stop child kidnappings, vehicle thefts, bank robberies and other crimes in progress, and arms the nation's law enforcement officers with needed information so they can help defend against terrorism. For more information, go to www.copsync.com.
Statements in this press release that are not purely historical facts or that depend upon future events, including statements about forecasts of earnings, revenue, product development, sales, proposed financing transactions or other statements about anticipations, beliefs, expectations, intentions, plans or strategies for the future, may be forward-looking statements within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended. For example, statements containing words like "expect," "anticipate," "potential," "expects," "believe," "confident," "estimated," "future," "plan," "planning," "projected," "strategy," "pursuing," "objective" and other similar terms, express management's current views concerning future events, trends, contingencies or results, which may be considered forward-looking statements. Specifically, the statements "Our sales pipeline for the remainder of 2016 is strong, and we expect to announce record Q3 sales results later this month when the Company's GAAP financial results are published. This is evidence that the velocity of the Company's sales is increasing, as we predicted it would, due to 'network effects' and the Company's new sales strategy of collaborating with political influencers and others to assist with the sales effort." These statements are highly dependent on actual sales results and the Company's ability to materialize its sales strategy into material sales contracts. All forward-looking statements are based on information available to the Company on the date this release was issued. The Company undertakes no obligation to update publicly or revise any forward-looking statements, whether as a result of new information, future events or otherwise. Any forward-looking statements involve risks and uncertainties that could cause actual events or results to differ materially from the events or results described in the forward-looking statements, including risks or uncertainties related to the Company's ability to implement its strategic business plans or succeed in its sales strategy, which may adversely affect the Company's business and stock. The Company may not succeed in adequately addressing and managing these and other risks. Further information regarding factors that could affect the Company's financial, operating and other results can be found in the risk factors section of the Company's Annual Report on Form 10-K for the year ended December 31, 2015, filed with the Securities and Exchange Commission.
Everest Corporate Advisors, Inc.
Ronald A. Woessner
Chief Executive Officer
Director of Media
and Investor Relations
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SOURCE COPsync, Inc.