COYN

Overview

Highlights

News

Chart

Shareholders

Benefits

Management

Contacts

 

   
 
   
"COPsync has more than 3,600 police officers committed to utilizing its mobile software application."    
   
Approximate Financial Snapshot as of 7/10/09
Shares Outstanding 121M
52 Wk Hi/Lo 1.35/

0.06

Market Cap $46M
Recent Price $0.38
   

 

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COPsync (COYN)

Website: www.COPsync.com

"The Founders of COPsync Also Founded CARad Which Was Successfully Sold to eBay."


Overview

COPsync (COYN) has created a revolutionary new product that has in turn become 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 this is only the beginning. The Company has shown explosive growth in the past two quarters and receives recurring licensing revenues monthly.

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.


COYN Investor Highlights

  • Just announced that it has successfully assisted its clients in applying for over ten million dollars in Federal and State Grant Funds specifically written to fund the implementation of the COPsync technology.

  • As of March 31, 2009, COPsync had more than 3,600 police officers committed to utilizing its mobile software application. 

  • 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.

  • 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.

  • 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.

  • 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.

  • The Company has facilitated the creation of the largest real-time law enforcement information sharing network in the country.

  • 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.

  • An excellent article on COPsync can be read at PoliceOne.com here.

  • Announced that it has been commissioned by the Eastland Police Department to implement COPsync.

  • 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.

  • 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.

  • Announced that the Company has installed and trained members of the Hemphill County, Texas Sheriff's Department on the COPsync mobile information sharing solution.

  • Announced that 119 Texas Law Enforcement agencies have committed to implement the COPsync technology in 2008.

  • 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.

  • COYN is positioned to become one of the fastest growing software technology providers to law enforcement professionals worldwide. 


Recent News and Press Releases

COPsync, Inc. Prepares Grant Applications Exceeding $10,000,000 On Behalf of Its Law Enforcement Clients

COPsync, Inc. Receives Its First Software License Agreement from a Channel Partner

PoliceOne: COPsync Increases Officer Safety, Adds High-Tech Tools to the Squad Car

COPsync, Inc. Sees Rise in Second Quarter Licensing Fees

COPsync Software to be Implemented by the Eastland, Texas Police Department

COPsync Brings Nationwide Real-Time Information Sharing to Haskell, Texas Sheriff's Office and Haskell Police Department

Brandon Associates to Represent COPsync's Law Enforcement Information Sharing Software

COPsync, Inc. Reports Strong Financial Results

Ki Corp Begins Offering COPsync(tm) to Its Network of Law Enforcement Clients

Hemphill County, Texas Sheriff's Department Begins Using the COPsync Mobile Information Sharing Solution

Third Largest Border Crossing County in the U.S., Webb County, Texas, Contracts to Provide Its Deputies With COPsync Software

For the latest Quote and News on COYN Click Here.


One Month Chart


Letter To Shareholders

 I want you to know and understand the deficiencies that plague our nation's Law Enforcement officers. If you understand how weak our system is and how easy it is going to be to fix the problem, I believe the rest of your choices will be easy.

The most important thing for you to understand at this point is our nation's Law Enforcement Community is a profession working without the tools that they need to adequately solve crimes much less stop them while they are in the process of occurring. How can we expect officers on the street to stop criminal activity in progress, when it is in the process of occurring in their neighboring communities they have no knowledge of the criminal activity in progress? How can we expect our investigators to properly investigate and interrogate suspects when they are unaware that data exist in other departments that may provide clues or insight to a suspect's behavior or motives? Simply, the problem is our nations Law Enforcement community does not share information.

Please don't be mislead into thinking that these deficiencies evolved into the Law Enforcement community as a result of policy or mismanagement. It is actually quite the opposite. This is not the result of having leaders that lacked vision, creativity and the ability to adapt to change. My direct experience has shown me that the problems that we are faced with today are a byproduct of a lack of technology. To explain, as law enforcement officers perform their duties they write reports and collect vast amounts of information. The technology necessary to catalog and share that information such as vehicle rugged computers with data storage capabilities large enough to process large and complex reports, wireless connectivity and in-car printing capabilities did not exist until a few short years ago.

The COPsync vision was started 6-years ago with the forethought and understanding that this was going to be a huge undertaking. Technology that has the ability to immediately stop a child abduction in progress, alert officers to dangers prior to them performing their duties, assist Law Enforcement in dealing with family violence, provide additional patrol hours to the officer by saving time on paperwork, give an investigator access to data to link suspects and solve crimes, and to assist our officers in becoming a better servant to the community to whom they are responsible. If you are a current shareholder in COPsync, Inc. I want to personally thank you for your vision, courage, strength, and trust that you have placed with us. If you are a potential investor starting the due diligence process of your investment decision I want you to know that we will continue our focus of providing information sharing to this nations Law Enforcement community without straying from the goals we have embraced since day-one of our founding. Without investment capital no project will see success. One day in the future this nation will be the first to link its Law Enforcement community to a common data collection and information sharing solution. Your participation cannot be understated. Respectfully stated, I feel that it is each of our responsibilities to push for the adaptation of change. This is unlike any other type of Technology on the market. This technology will save lives and prevent criminals from taking advantage of us as a result of deficiencies in the system. 

Russell Chaney - CEO


Benefits Of COPsync

In order to provide safer communities for citizens of the United States, COPsync, Inc. had to address the overall needs of the Law Enforcement community, resulting in the development of COPsync.

The goals of COPsync are to:
 
1. Provide officers with critical information in a real time environment.
 
2. Provide additional patrol hours on the streets and in neighborhoods without hiring additional officers.
 
3. Assist officers in completing the information needed to perform their duties as safely as possible.
 
4. Provide officers with the necessary tools to perform their tasks accurately without the need for multiple follow-ups or multiple resources.
 
5. Provide agency administrators the tools needed to effectively manage their agency.

To meet the goals of COPsync, Inc., the COPsync Solution includes: 

  • Availability of an information network for ALL Law Enforcement Officers to access remotely in the field.

  • Technology designed to assist 100% of the activities that a Law Enforcement Officer could expect to generate while on duty. 

  • Real-time statistical data to allow administrators the ability to create, run, and analyze reports to proactively lower crime in their communities.

  • Real-time information to allow administrators the ability to create, run, and analyze reports to efficiently manage their agency. 

  • Real-time information sharing between agencies as crimes are reported and investigated. 

  • Intuitive graphical interface designed with simplicity and the resulting officer safety as a top priority. 

  • Intelligent forms to assist in expediting the paperwork process that will allow officers more time on the street instead of behind a desk.    

COPsync™ was built "For Officers By Officers". COPsync, Inc. understands that most departments still rely heavily on pen and paper. Asking an officer on the street to change the way they perform their job can be stressful and distracting. To minimize this stress and distraction, COPsync was designed by Law Enforcement Officers with the goal of minimal training requirements and the least amount of disruption to how officers perform their duties.


Management

Russell Chaney

Russell serves the partnership as Founder and CEO. Russell’s background in public service started in 1984 as an EMT. After three years of working on the ambulance, Russell decided it was time to further his commitment to his community by moving into Law Enforcement. He started his career in Law Enforcement as a civilian rider, riding with Sheriffs Deputies with the Comal County Sheriffs Office and troopers with the Texas Highway Patrol. In 1988 Russell graduated from the San Antonio Law Enforcement Academy with a Texas Peace Officer Certification. From that point forward, he worked for Municipal Police Departments and Texas Constables Offices, all the while maintaining his career as a Professional Sales Executive. Russell maintains his Law Enforcement Commission to this date with the Comal County Constables Office Precinct #4.


Shane Rapp

Shane serves the partnership as Co-Founder and CTO. Shane’s background in public service started in 1996 as a civilian rider with various officers and agencies. Shane graduated from the San Antonio Law Enforcement Academy in 1998 with a Texas Peace Officer Certification. Shane furthered his Law Enforcement education by obtaining a Texas Communications Officers Certification and Texas Communications Officers Supervisors Certification. In 2004, Shane placed his name on the ballot to run for Precinct #4 Constables office. His opponents included a retired Assistant Police Chief, a retired 27-year veteran police officer, and a retired San Antonio Police Helicopter Pilot. After hard work and diligent campaign efforts, Shane was elected to the position after going to a run-off election with the retired Assistant Chief. Shane maintains this elected status to date. During his Law Enforcement tenure, Shane continued to work full-time as a business executive in the corporate community. 


Contacts

COPsync

2010 FM 2673
Canyon Lake, TX 78133
Phone: 830-964-3838
Fax: 830-964-3873


SEC Filings

COYN filings with the SEC can be found here. All Fillings are current and the Company is fully reporting.


 

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