TORONTO, Sept. 30, 2016 /CNW/ - iSIGN Media Solutions Inc.
("iSIGN" or "Company") (TSX-V: ISD) (OTC: ISDSF), a leading
provider of interactive mobile advertising solutions that serves
brands, commercial locations, retailers and service providers
throughout North America provides
an update on the major initiatives of its primary resellers in
the United States.
We Build App, LLC ("WBA")
As provided to us by WBA and approved by their shopping complex
client for release where needed, the company that will be providing
the leasing company for this installation is associated with IPX
Communications ("IPX"), the company that will be performing the
installation for this shopping complex. IPX was chosen as
WBA's installer due to their experience and expertise in a wide
variety of channels, several of which WBA anticipates securing
business from.
IPX completed a four-day inspection of the shopping complex on
September 22, 2016. This
inspection was needed in order to revise their installation
schedule as required by the shopping complex to ensure that
residential and commercial tenants would not suffer any undue
inconvenience and that there would be no disruption of the complex'
events caused by the installation.
Funds for the payment of the initial 500 Smart Antennas and
iSIGN supplied ancillary equipment is with WBA's lawyers, with
release pending upon the finalization of the installation schedule
and additional hardware costs of the solar and battery back-up
equipment. This equipment is a requirement of the shopping
complex and their insurance company, in order to ensure continually
broadcasting capabilities and deliver of the complex' promised
insurance premium reduction.
WBA reports that this is expected to be completed within one to
two weeks.
The shopping complex is planning to have this world-first
installation of a broadcasting network for the delivery of
proximity messaging, with security and safety uses, to mobile
devices, fully presented at a major press/media event once
installation is completed and broadcasting is live.
Currently, our Smart Antenna technology is being tested in
various locations to confirm messaging and acceptance by mobile
devices.
As stated previously, this shopping complex is only one of 16
properties managed by their management company. This current
installation is serving as a model for what is expected to be
installations into the other 15 properties. It is anticipated
by WBA, that the other 15 properties will have our Smart Antennas
and technology installed in order to reduce their insurance
premiums. WBA expects that each location would require
roughly the same number of units, resulting in revenues to iSIGN of
approximately $2.7 million Canadian
per site, assuming a three-year contract term at each site and
existing exchange rates.
Rich Multimedia Technologies Inc. ("RMT")
As provided to us by RMT, they are currently finalizing several
upgrades to their original Kiosk, as a result of recent initiatives
such as Smart Cities; security, including possible facial
recognition; and new Toshiba screens, with airport approval
required for certain design features. RMT advises that
this is not expected to cause additional further delays.
On September 28, 2016, RMT
confirmed that 130 of their Kiosks, equipped with Smart Antennas to
be delivered from our inventory will be installed in various
airports in Mexico and
the United States to test
messaging and acceptance by mobile devices. These test
locations are to be determined. Testing period is to be no
longer than a month.
Once this testing period is completed, an initial retrofit of
300 Kiosks in existing North American airports will commence.
In addition, an installation of a currently undetermined number of
Kiosks integrated with our Smart Antennas and technology will
commence in Mexican airports.
RMT and Toshiba are presently in the final stages of designing a
new version of the Kiosk, fully integrated with iSIGN's Smart
Antenna as manufactured by RMT's Kiosk manufacturer in China.
These Kiosks will be sold by Toshiba into their distribution
channel.
Revenues from RMT's channel will consist of licensing revenues
of $3 US per day per Kiosk. As
there is no change in the number of Kiosk installation utilizing
our technology, our initial revenue projections of approximately
$9.4 million US or approximately
$12.4 million Canadian annually from
a fully installed network. Note that revenue commences from
the installation and broadcasting from each Kiosk. In
addition, iSIGN will generate revenue from the sales of its Smart
Antenna hardware on the Kiosks retrofitted with Smart Antennas from
our inventory, approximately $287,000
Cdn hardware. Projected sales of the new Toshiba
Kiosks have not been made available to us. As such, we cannot
provide any revenue projections from this channel.
Both WBA's shopping complex project and RMT's Kiosks is complex,
in that both involve several different partners, each with their
own requirements, needs and timetables. The involvement of
different partners has added delays to our monetization of both
projects.
'Push Sensor' Software Project
As of September 29, 2016, we have
completed and are in possession of the software that we are
currently calling the 'Push Sensor' (no process required to deliver
messages to android and iPhone mobile device screens in proximity
to our Smart Antennas) that was demonstrated to selected resellers
in September 2015.
We have commenced the process of preparing for a patent filing
and we fully expect that patent pending and eventually patent
status will be granted for this new development.
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. www.isignmedia.com
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.
© 2016 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.
SOURCE iSIGN Media Corp