TORONTO, Oct. 8, 2015 /CNW/ - iSIGN Media Solutions Inc.
("iSIGN" or the "Company") (TSXV:ISD) (OCT Pink: 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 September 29, 2015 for aggregate gross proceeds
of $150,000.
The Company completed the Placement by issuing 1,000,000 Units
at a price of $0.15 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
$0.225 until October 8, 2017. All securities are subject
to a four month hold period.
The proceeds from the Placement will be used for software
development and patent filings, as well as general working
capital.
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. 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.
© 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.
SOURCE iSIGN Media Corp