Thursday, September 21, 2006

Promotional Material Includes Chief Greisen

TRANSCRIPT OF NEWS SEGMENT BROADCAST
Your money your business
KGW-TV Channel 8 Portland
9/21/2006 18:42:00

TRENT DAVIS, PRESIDENT & CEO, PAULSON INVESTMENT COMPANY: If it doesn’t work, you can lose a lot of dough.

NEWSCASTER #1: A Portland company takes a risk on a new device used by law enforcement: that tops tonight’s Your Money, Your Business.

NEWSCASTER #2: Here is News Channel 8 and Portland Business Journal reporter Joe Smith.

REPORTER: And, good evening, Laural and Tracy. Law enforcement officers are always looking for every advantage: technology from Tasers to better onboard cameras, but before they’re in the hands of the police, one Portland firm is behind the companies that make the tools that serve and protect.

(Taser gun heard being discharged) The Taser gun: a tool of the trade for Scappoose Chief Doug Greisen. His department’s been using them for six months.

CHIEF DOUG GREISEN, SCAPPOOSE: (Beep heard) Now everything’s getting recorded.

REPORTER: This is the newest weapon against crime. It’s called ICOP, a new digital onboard video recorder with higher resolution.

CHIEF GREISEN: Once the emergency lights are activated, or the officer hits the record button, it goes back a whole minute before the situation.

REPORTER: A complete system uses three cameras: one up front, a second looking out the rear, and the prisoner-cam for the back seat. It’s all recorded on a hard drive, a far cry from the department’s old, analog VHS system.

CHIEF GREISEN: The quality of the tape: fuzziness, blurry - it seemed like it just keeps deteriorating.

REPORTER: The idea for ICOP is the next evolution to help law enforcement do a better job.

DAVE OWEN, CHAIRMAN & CHIEF EXECUTIVE OFFICER, ICOP DIGITAL: Then the bad guys had better equipment than our own law enforcement or first responders.

REPORTER: Dave Owen’s company located in Kansas had a good idea, but not enough money to bring this technology to market.

OWEN: Law enforcement equipment just was not keeping pace with the times.

REPORTER: To find funding, it meant a trip to the Rose City.

DAVIS: We’re in the market of high-risk-high-reward-type of opportunities.

REPORTER: Opportunities that have paid off before for Paulson Investment Company. President and CEO Trent Davis took a chance several years ago to fund the Taser gun. It took $13 million to bring it to market.

DAVIS: It was probably one of our bigger successes.

REPORTER: Davis hopes the same success for the ICOP.

DAVIS: A lot of times you’re, you’re placing a bet on management: that they will be able to execute their plan.

REPORTER: In a matter of months, through an initial public offering, investors committed another $13 million. One thousand ICOP systems are in use across the country. In time, Chief Greisen plans to install one in all eight of his squad cars.

CHIEF GREISEN: It is the best tool. It’s state-of-the-art.

REPORTER: And coming soon to ICOP, in partnership with Sprint, a commander will be able to view live, streaming video from a patrol car all at once. And, by the way, the Paulson Company is one of the country’s leading funding sources for what the industry calls non-lethal security tools.