DALLAS, Oct. 20, 2016 /PRNewswire/ -- COPsync, Inc. (NASDAQ: COYN), announced today a series of strategic actions to position the Company for improved business performance through non-toxic financing, accretive acquisitions and a new sales strategy to accelerate growth. COPsync has developed the COPsync Network™, a communication system that protects citizens from violence and domestic terrorism. Security is increased with advance warnings of dangerous people, real-time notification of crimes in progress, and the COPsync911™ threat-alert system to safeguard schools and other high-risk buildings. COPsync solutions save minutes when seconds count, saving lives and protecting citizens and communities.
COPsync CEO Ronald A. Woessner stated, "We are enthusiastic about securing funding that will not harm our shareholders or burden the company while we accelerate our growth and search for accretive acquisitions. We are confident that we will be able to secure non-toxic financing to support our plan to grow sales and acquire complementary strategic businesses. Discussions with potential acquisition companies are on-going, and we anticipate announcing one or more letters of intent soon."
The Company has also adopted a new sales strategy to complement the financing and accretive acquisitions. The Company expects this strategic combination to boost revenue and provide a platform for growth. The new sales strategy involves collaborating with law enforcement and school industry subject matter experts and influencers, both in government and private industry, whose assistance is expected to decrease the sales cycle from years to several months.
Brad Powers, COPsync Board of Directors, commented, "The changes being announced today are part of the many new strategies that the Company is developing and will be announced in the near-term. In the meantime, the Company is continuing methodically to drive new sales and revenue from law enforcement agencies and schools throughout the US."
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 "We are confident that we will be able to secure non-toxic financing to support our plan to grow sales and acquire complementary strategic businesses." ; "...we anticipate announcing one or more letters of intent soon."; "The Company expects this strategic combination to boost revenue and provide a platform for growth."; and "The new sales strategy involves collaborating with law enforcement and school industry subject matter experts and influencers, both in government and private industry, whose assistance is expected to decrease the sales cycle from years to several months." These and other statements are dependent on a variety of factors, including the Company's success in these business development strategies and the Company's ability to complete the proposed financing. 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 successfully and the risk that the proposed financing transactions may not be completed, 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.
Ronald A. Woessner
Chief Executive Officer
Director of Media
and Investor Relations
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SOURCE COPsync, Inc.