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ISD iSign Media Solutions Inc

0.01
0.00 (0.00%)
16 Jul 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type
iSign Media Solutions Inc TSXV:ISD TSX Venture Common Stock
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 0.01 0.01 0.01 0 01:00:00

iSIGN Announces its Plan to Obtain a United States Listing

01/12/2011 2:47pm

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iSign Media Solutions (TSXV:ISD)
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iSIGN Media Solutions Inc. ("iSIGN" or "Company")(TSX VENTURE:ISD) is pleased to announce that it has signed an agreement with Ellenoff Grossman & Schole LLP to act as our agents for the purpose of obtaining a listing on the OTCQX marketplace in the United States.

"The OTCQX marketplace is the premier tier of the U.S. over-the-counter market," said Alex Romanov, iSIGN's Chief Executive Officer. "Having a listing on this marketplace, will be an upgrade from the 'grey' market that we are presently trading on in the U.S. This will make it immensely easier for U.S. based investors to trade in our stock. As well, it will raise iSIGN's profile with U.S. investors and brokers and give us an opportunity to significantly diversify our shareholder base."

"This is a step that we have looked at and discussed for awhile," added Mr. Romanov. "With our recent purchase of Pinpoint Media Group, we now meet the listing requirement of having in excess of $2 million in total assets and net tangible assets exceeding $1 million. In addition, we feel that with our growing profile In the States, that the time is right for taking this step."

The Company will be gathering the necessary information during December for submission to the necessary authorities in January 2012. The Company anticipates that the process of obtaining a US listing will be finalized by mid-March 2012.

About iSIGN Media

iSIGN is a leading developer of location-based interactive proximity advertising solutions, while providing Business Intelligence to the client. A leader in proximity and delivery based advertising social media, iSIGN is now the largest owner/operator of in-store digital media in Canada. iSIGN's network includes just over 5,600 digital faces in 1,400 plus convenience stores across Canada and additional digital faces in the City of Calgary's parks and recreation building. iSIGN is a business partner of AOpen America Inc., having an OEM agreement for the embedding of its IMS software in Aopen's digital media players and IBM, as their Solution Provider, POS All Models. iSIGN's software solutions are also distributed by BlueStar Inc. to their network of Value Added Resellers. iSIGN is publicly traded in Toronto (TSX.V) under the symbol "ISD". Additional information about iSIGN Media can be found at www.isignmedia.com.

Forward-Looking Statements

This news release includes certain forward-looking statements that are based upon current expectations, which involve risks and uncertainties associated with iSIGN Media's business and the environment in which the business operates. Any statements contained herein that are not statements of historical facts may be deemed to be forward-looking, including those identified by the expressions "anticipate", "believe", "plan", "estimate", "expect", "intend", and similar expressions to the extent they relate to the Company or its management. The forward-looking statements are not historical facts, but reflect iSIGN Media's current expectations regarding future results or events. These forward-looking statements are subject to a number of risks and uncertainties that could cause actual results or events to differ materially from current expectations, including the matters discussed under "Risks and Uncertainties" in the Filing Statement filed on October 9th, 2009 with the regulatory authorities. iSIGN Media assumes no obligation to update the forward-looking statements, or to update the reasons why actual results could differ from those reflected in the forward-looking statements.

© 2011 iSIGN Media Solutions Inc. All Rights Reserved. All other trademarks and trade names are the property of their respective owners.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Contacts: iSIGN Media Alex Romanov Chief Executive Officer (905) 780-6200, ext 1alex@isignmedia.comwww.isignmedia.com

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