TORONTO, ONTARIO — (Marketwired) — 05/05/15 — iSIGN Media Solutions Inc. (“iSIGN” or “Company”) (TSX VENTURE: ISD)(OTCQX: ISDSF), a leading provider of interactive mobile advertising solutions that serves brands, commercial locations, retailers and service providers throughout North America, today announced that it has reached a non-binding Agreement in Principle (“Agreement”) to purchase from Graphic Media, Inc, (“Graphic”) the portion of their business that involves the rights for the exclusive distribution in the Americas, as well as all reseller rights and ownership in Engage Mobile Media Solutions (“Engage”).
The distribution agreement signed between iSIGN and Graphic in November 2012 granted iSIGN the option to acquire Graphic, with shares, at the earliest of either the second anniversary of the distribution agreement or upon the acquisition of one or more of the major targeted accounts identified by both parties, and currently completing trials.
The advantages to iSIGN are many, including the elimination of a price level, thus making iSIGN–s products and services more affordable to end users and more profitable to iSIGN, as well as adding advertising revenue to the Company resulting from the acquisition of Graphic–s 49% ownership of Engage.
Both parties are mutually looking forward to working together and will be working towards completing this transaction within the next thirty (30) days. The acquisition is subject to executing a legally binding purchase agreement and obtaining TSX Venture Exchange approval.
About iSIGN Media
iSIGN Media, based in Toronto, is a data-focused, software-as-a-service (SaaS) company that is a pioneering leader in gathering point-of-sale data and mobile shopper preferences to generate actionable data and reveal valuable consumer insights. Creators of the Smart suite of products, a patented interactive proximity marketing technology, iSIGN enables brands to deliver targeted messaging, personalized offers and loyalty perks to consumers– mobile devices in proximity and with real-time proof of redempton. iSIGN–s data gathering capabilities provide analytics on price points, typical purchases, in-store dwell time and other shopper metrics that identify emerging consumer behaviors. These insights enable smarter business decisions and provide increased ROI metrics for more transparent marketing. iSIGN delivers relevant, timely messages on an opt-in basis at no charge to consumers, transmitting rich media to consumer mobile devices via Bluetooth® and WiFi connectivity in complete privacy as opposed to iBeacons, apps, downloads and required surrendering of personal information. Proven to increase brand engagement and customer loyalty, iSIGN generates preference-based, predictive “clean data” without compromising consumer privacy. Partners include: IBM, Keyser Retail Solutions, Baylor University, Verizon Wireless, TELUS and AOpen America Inc., with solution distribution by Graphic Media, Inc.
About Graphic Media
Graphic Media, Inc. has a rich history of providing our Regional and National Clients with innovative marketing services, advertising graphics, and advertising sign services. Our most recent expansion (in 2011) has been in LED advertising display signs. Our LED sign clients range from large convenient store chains, furniture stores, and banks. Graphic Media intends to integrate iSIGN technology into its marketing portfolio of products and services, thus giving our clients– an advantage over their competition.
Forward-Looking Statements
This news release may include 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.
© 2014 iSIGN Media Solutions Inc. All Rights Reserved. All other trademarks and trade names are the property of their respective owners.
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.
Contacts:
Media contacts:
Emily Storz
SSPR
267-758-2642 (direct)
609-351-3592 (mobile)
Company contacts:
iSIGN Media
Alex Romanov
Graphic Media
Ron Leman
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