TORONTO, Jan. 11, 2017 /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 today
announced it has entered into a debt settlement arrangement with it
directors, in which the Company has agreed to issue an aggregate of
800,000 common shares at a deemed price of $0.10 per share.
The total amount of indebtedness settled by these arrangements
is $80,000 owed for directors fees.
The Company decided to satisfy this outstanding indebtedness with
shares in order to preserve its cash for operational purposes.
This arrangement is subject to the approval of the TSX Venture
Exchange ("Exchange"). The Company will issue these shares,
which are subject to a four month hold period, once approval has
been received from the Exchange.
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.
© 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, Alex
Romanov Chief Executive Officer