iSIGN Media Announces That Couche-Tard has Exercised Its Option to Convert Royalty Payments for Shares
11 March 2014 - 5:22AM
Marketwired
iSIGN Media Announces That Couche-Tard has Exercised Its Option to
Convert Royalty Payments for Shares
TORONTO, ONTARIO--(Marketwired - Mar 10, 2014) - iSIGN Media
Solutions Inc. ("iSIGN" or "Company")
(TSX-VENTURE:ISD)(OTCQX:ISDSF), a leading provider of interactive
mobile advertising solutions that serves advertisers,
manufacturers, retailers and advertising agencies throughout North
America, today announced that Couche-Tard Inc. has elected to
exercise their option to convert annual royalty payments for common
shares of iSIGN.
This option was agreed upon by the parties when the Virtual
Private Advertising Network Services Agreement ("Agreement") was
signed in January 2012 as part of iSIGN's acquisition of the
digital signage network located within the Canada-wide chain of
convenience stores operated by Couche-Tard Inc. and Mac's
Convenience Stores Inc.
Approval for this option was given by the TSX Venture Exchange
in March 2012.
iSIGN will be issuing 2,924,448 common shares to Mac's
Convenience Stores Inc. to satisfy the Agreement's requirement that
iSIGN pay revenue-based royalties for the full five year term of
the Agreement, a minimum of $2.5 million.
About iSIGN Media
Since 2007, iSIGN has been developing multiplatform advertising
and marketing solutions for brands to better attract, engage and
retain customers through their mobile devices. The data and SaaS
(software as a service) company collects and analyzes shopper
preferences so that brands can deliver targeted messaging and
personalized offers to consumers' mobile devices, in-location and
in real-time. The company's interactive proximity-marketing
technology is capable of gathering average price points, typical
purchases, in-store dwell times and other shopper metrics to
deliver business intelligence and insights into emerging consumer
behaviors that can help brands make better business decisions and
measure their marketing efforts. Utilizing Bluetooth™ and Wi-Fi,
and location-aware technologies to deliver relevant and timely
messaging to any screen or mobile device, iSIGN delivers rich
media, permission-based messages free to consumers that can drive
immediate brand engagement, increased customer loyalty and deliver
higher ROI on marketing dollars spent. Headquartered in Richmond
Hill, Ontario, with R&D and customer support operations in
Vancouver, BC and Tampa, FL, the Company has also grown to become
the largest owner/operator of in-store digital media in Canada with
5,600 digital signs in about 1,400 locations. Partners include:
IBM, Keyser Retail Solutions, Baylor University, Verizon Wireless,
TELUS and AOpen America Inc., with solution distribution by
GraphicMedia, Inc. and BlueStar 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.
© 2014 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.
Media contacts:SSPREmily Storz267-758-2642 (direct) or
609-351-3592 (mobile)estorz@sspr.comCompany contacts:iSIGN
MediaAlex Romanovalex@isignmedia.comwww.isignmedia.com
Isign Media Solutions (CE) (USOTC:ISDSF)
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