TORONTO, ONTARIO — (Marketwired) — 08/26/15 — 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 it has closed the shares for debt transaction (“Transaction”) that it had entered into with its directors, as previously announced on July 31, 2015.
The Company completed the Transaction by issuing an aggregate of 1,774,814 common shares (“Shares”) at a deemed price of $0.135 per share to its directors. The Shares issued are subject to a four month hold period, ending December 27, 2015
The revised total amount of indebtedness settled by this arrangement is $239,600 owed for directors fees to the Company–s directors. The Company decided to satisfy this outstanding indebtedness with shares in order to preserve its cash for operational purposes.
The willingness of the Board to further invest in iSIGN demonstrates their faith in the short and long term success of the Company.
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.
© 2015 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:
Alex Romanov
iSIGN Media
You must be logged in to post a comment Login