iSIGN Announces its Plan to Obtain a United States Listing
02 December 2011 - 1:47AM
Marketwired
iSIGN Media Solutions Inc. ("iSIGN" or "Company")(TSX VENTURE:ISD)
is pleased to announce that it has signed an agreement with
Ellenoff Grossman & Schole LLP to act as our agents for the
purpose of obtaining a listing on the OTCQX marketplace in the
United States.
"The OTCQX marketplace is the premier tier of the U.S.
over-the-counter market," said Alex Romanov, iSIGN's Chief
Executive Officer. "Having a listing on this marketplace, will be
an upgrade from the 'grey' market that we are presently trading on
in the U.S. This will make it immensely easier for U.S. based
investors to trade in our stock. As well, it will raise iSIGN's
profile with U.S. investors and brokers and give us an opportunity
to significantly diversify our shareholder base."
"This is a step that we have looked at and discussed for
awhile," added Mr. Romanov. "With our recent purchase of Pinpoint
Media Group, we now meet the listing requirement of having in
excess of $2 million in total assets and net tangible assets
exceeding $1 million. In addition, we feel that with our growing
profile In the States, that the time is right for taking this
step."
The Company will be gathering the necessary information during
December for submission to the necessary authorities in January
2012. The Company anticipates that the process of obtaining a US
listing will be finalized by mid-March 2012.
About iSIGN Media
iSIGN is a leading developer of location-based interactive
proximity advertising solutions, while providing Business
Intelligence to the client. A leader in proximity and delivery
based advertising social media, iSIGN is now the largest
owner/operator of in-store digital media in Canada. iSIGN's network
includes just over 5,600 digital faces in 1,400 plus convenience
stores across Canada and additional digital faces in the City of
Calgary's parks and recreation building. iSIGN is a business
partner of AOpen America Inc., having an OEM agreement for the
embedding of its IMS software in Aopen's digital media players and
IBM, as their Solution Provider, POS All Models. iSIGN's software
solutions are also distributed by BlueStar Inc. to their network of
Value Added Resellers. iSIGN is publicly traded in Toronto (TSX.V)
under the symbol "ISD". Additional information about iSIGN Media
can be found at www.isignmedia.com.
Forward-Looking Statements
This news release includes 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, including the matters discussed under "Risks
and Uncertainties" in the Filing Statement filed on October 9th,
2009 with the regulatory authorities. 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.
© 2011 iSIGN Media Solutions Inc. All Rights Reserved. All other
trademarks and trade names are the property of their respective
owners.
Neither TSX Venture Exchange nor its Regulation Services
Provider (as that term is defined in the policies of the TSX
Venture Exchange) accepts responsibility for the adequacy or
accuracy of this release.
Contacts: iSIGN Media Alex Romanov Chief Executive Officer (905)
780-6200, ext 1alex@isignmedia.comwww.isignmedia.com
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