COPsync, Inc. (NASDAQ: COYN) announced that it has entered into securities purchase agreements with certain accredited investors providing for the purchase and sale of 1,772,614 shares of common stock in a registered direct offering. In a concurrent private placement, COPsync has agreed to sell Class A Warrants to purchase up to 1,772,614 shares of common stock with an exercise price of $1.03 per share and Class B Warrants to purchase up to 1,772,614 shares of common stock with an exercise price of $1.03 per share. The combined purchase price for one registered share of common stock, one unregistered Class A Warrant and one unregistered Class B warrant is $0.65. The Class A Warrants and Class B Warrants will be exercisable beginning six months following the closing date of the private placement. The Class A Warrants will expire on the eighteen-month anniversary of the date on which they become exercisable, and the Class B Warrants will expire on the five-year anniversary of the date on which they become exercisable.

The gross proceeds to COPsync from the registered direct offering and concurrent private placement are estimated to be approximately $1.15 million before deducting the placement agent's fees and other estimated offering expenses. The registered direct offering and concurrent private placement are expected to close on or about January 11, 2017, subject to customary closing conditions.

The Company intends to use the aggregate net proceeds from the registered direct offering and concurrent private placement for expansion of sales and marketing, working capital, continued product development and network enhancement, and other corporate purposes.

Maxim Group LLC is acting as the lead placement agent for the registered direct offering and the concurrent private placement, with Aegis Capital Corp. acting as co-placement agent.

The shares of common stock described above are being offered by COPsync pursuant to a "shelf" registration statement on Form S-3 (File No. 333-212389) filed with the Securities and Exchange Commission (the "SEC"), which was declared effective on July 13, 2016. A prospectus supplement relating to the shares of common stock will be filed by the Company with the SEC.

When available, copies of the prospectus supplement, together with the accompanying base prospectus, can be obtained at the SEC's website at www.sec.gov or from Maxim Group LLC, 405 Lexington Avenue, 2nd Floor, New York, NY 10174 or via telephone at 212-895-3745.

The warrants and shares of the Company's common stock issuable upon exercise of the warrants have not been registered with the SEC and are being offered in reliance on an exemption from the registration requirements of the Securities Act of 1933, as amended.

This press release shall not constitute an offer to sell, or a solicitation of an offer to buy, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation, or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.

About COPsync

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.