TORONTO, ONTARIO — (Marketwired) — 06/08/15 — iSIGN Media Solutions Inc. (“iSIGN” or the “Company”) (TSX VENTURE: ISD)(OTCQX: ISDSF), a leading provider of interactive mobile advertising solutions that serves advertisers, manufacturers, retailers and advertising agencies throughout North America, today announced that it has closed its non-brokered private placement (“Placement”) that was previously announced on June 2, 2015 for aggregate gross proceeds of $400,000 with PowerOne Capital Markets Limited as the agent (“Agent”).
The Company completed the Placement by issuing 2,000,000 Units at a price of $0.20 per Unit. Each Unit consists of one Common Share of the Company (each a “Common Share” and collectively, the “Common Shares”) and one common share purchase warrant (each warrant referred to herein as a “Warrant” and collectively, the “Warrants”). Each Warrant will entitle the holder to purchase one Common Share at a price of $0.30 until June 5, 2017.
The proceeds from the Placement will be used for general working capital, including software development and patent filing. The software development includes the development of integrated messaging/coupons with Google Chrome and Apple Passbook on a non-app, non- download basis, a solution that the Company has recently been evaluating. Additional integration with Google Wallet and Apple Pay is expected when messaging/coupons drives purchasing. This particular development would allow seamless interaction with all mobile devices especially Smartphones, including iPhones
In connection with the closing of the private placement, cash commission of $28,000 will be paid. In addition, 200,000 non-transferable compensation warrants (“Compensation Warrants”) to the arm–s length Agent, that will enable the Agent to acquire one Unit at a price of $0.20 per unit for a two year peiod. Each Unit consists of one Common Share in the Company and one common share purchase warrant. Each Warrant entitles the holder to acquire one Common Share at an exercise price of $0.30 per share until June 5, 2017.
All Common Shares issued are subject to a four month hold period, ending October 6, 2015.
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 redemption. 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. .
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 contact:
Emily Storz
SSPR
267-758-2642 (direct)
609-351-3592 (mobile)
Company contact:
Alex Romanov
iSIGN Media
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