Push Sensor Patent Documentation Completed and
Filed April 2017
TORONTO, April 24, 2017 /CNW/ - iSIGN Media Solutions Inc.
("iSIGN" or "Company") (TSX-V: ISD) (OTC: ISDSF), a leading
provider of interactive mobile proximity marketing and public
security alert solutions that serves brands, commercial locations,
retailers and service providers throughout North America, provides an update on a variety
of projects.
Dear Shareholders and Interested Parties,
It has been just over a month since taking on the role of
Interim CEO. Since the start of this interim engagement,
significant progress has been made in assessing the current state
of the Company as well as its obligations, challenges, and
opportunities. It is my intention that this letter provides updates
as well as answers to common questions and our take on the
Company's future growth potential.
The iSIGN's team has invested significant time, energy, and
effort to get the company's basic operations and financial
information up to date, assess its current status, gauge its
potential future viability, and ultimately, to develop and deploy a
strategy to address the state of the company's finances, including
fundraising and liabilities. As part of this process, we are
exploring different avenues (including private sources) for raising
capital on terms more favorable to the Company.
Some of our priorities have been to: prepare and ship antenna
units to our customers in a timely manner; finalize the push sensor
documentation and filing of patent – patent documentation filed in
April 2017; initiate Push Sensor
prototype development – prototype development initiated in
April 2017; immediately commence the
development of the Security Alert Messaging ("SAM") software; and
develop and deploy a short and long term strategy for revenue
growth.
In light of all these initiatives I am deeply concerned with the
feedback received from our customers about iSIGN's shareholder
interference with their business operations. There appears to
be a disgruntled group of iSIGN shareholders who feel entitled to
contact the end users of our product to complain about the delays
in deployment. Clearly this type of behaviour is
disappointing and tremendously undermines the efforts our board and
management team has made over last several months.
Finally, I would like to personally thank everyone who has
reached out to us through email and various other channels to
inquire about the company's status or future plans. As a public
company CEO, I must remind you that we are prohibited from
answering these questions individually; instead, I ask that you
look exclusively to our official press releases and regulatory
filings for updates, or contact our irandpr@isignmedia.com with
questions regarding the specifics of your investment in
iSIGN.
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.
© 2017 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 Solutions Inc, Joe
Kozar Chief Executive Officer