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ISD iSign Media Solutions Inc

0.01
0.00 (0.00%)
Last Updated: 01:00:00
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 the Sale of Exclusive Advertising Rights for its Signage and Mobile Network Throughout Mac's Locations for $...

20/06/2013 1:47pm

Access Wire


Toronto, Ontario - June 20, 2013 - iSIGN Media Solutions Inc. ("iSIGN" or "Company") (TSX-V: ISD) (OTCQX: ISDSF), a leading provider of interactive mobile advertising solutions that serves advertisers, manufacturers, retailers and advertising agencies throughout North America, is pleased to announce that it has successfully concluded negotiations to grant exclusive advertising rights for the signage network and mobile network located in the Mac's Convenience Stores ("Mac's") across Canada with a new strategic partner.

The strategic partner is a company with a strong background in the digital signage industry and a successful history of selling digital network advertising. This agreement will enable the strategic partner to add the Mac's network, which is the largest digital and mobile network in North America consisting of approximately 6,000 screens and 1,400 antennas in about 1,400 stores. This expansion of their existing footprint is to increase their advertising sales.

This agreement, commencing July 1, 2013 will mirror the length of iSIGN's contract with Mac's with an option for a five year renewal. The strategic partner has agreed to pay $1,460,000 annually, commencing July 1, 2013, for each year of the contract in order to maintain the exclusive advertising rights. iSIGN will also receive a commission of no less than 5% on the gross advertising sales generated by the strategic partner throughout the term of this agreement.

"We are very pleased with this agreement," stated Mr. Alex Romanov, iSIGN's Chief Executive Officer. "It moves the responsibility for the sales management of the Mac's network to a company with digital advertising sales background that is strongly committed to significantly increasing sales in the Mac's locations."

"The partnership provides us with a significant and regular cash flow that will be used to expand our core business of data gathering through mobile messaging," added Mr. Romanov. "We look forward to working together with our new partner and will continue to offer our mobile messaging solution to enhance or establish other networks."

About iSIGN Media

iSIGN Media is a world leader in multiplatform advertising solutions that utilize Bluetooth, Mobile, WiFi and Location-Aware technologies to deliver rich media, permission-based messages to engage consumers more deeply and cost-effectively. The resulting business intelligence and real time metrics, gathered through iSIGN's patent-pending advertising platform, deliver insights into emerging consumer behaviors that help advertisers measure their efforts and make better business decisions to increase ROI and customer loyalty. Headquartered in Richmond Hill, Ontario, with R&D and customer support operations in Vancouver, BC and Tampa, FL, the Company has also grown to become the largest owner/operator of in-store digital media in Canada with 5,600 digital signs in about 1,400 locations. Partners include: IBM and AOpen America Inc., with solution distribution by GraphicMedia, Inc. and BlueStar Inc. 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. 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.

(C) 2012 iSIGN Media Solutions Inc. All Rights Reserved. All other trademarks and trade names are the property of their respective owners.

Press contact:

Alex Romanov

iSIGN Media

alex@isignmedia.com

Vanessa Harwell Belinda Rooney

ThinkInk Communications LLP SSPR

305 749 5342, extension 232 609 750 9110

vanessa@thinkinkpr.com brooney@sspr.com

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

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