iSIGN Announces Agreement to Install into 6,600 US Convenience Stores
June 07 2013 - 9:41AM
Access Wire
Toronto, Ontario - June 7, 2013 - iSIGN Media Solutions Inc.
("iSIGN" or "Company") (TSX-V: ISD) (OTCQX: ISDSF), a leading
provider of interactive mobile advertising solutions that serves
advertisers, manufacturers, retailers and advertising agencies
throughout North America, is pleased to announce that it has signed
a Letter of Intent ("LOI") with Metro LED Sign and Light ("Metro")
for the installation of iSIGN's Smart Antennas into Metro's client
base of approximately 6,600 convenience stores ("c-stores") located
across the south eastern United States.
Metro will be issuing a purchase order for an initial 1,200
Smart Antennas ("Antennas"), with an immediate delivery of 120
Antennas for testing and demonstration purposes upon receipt of the
order. This initial shipment is to test a group of small networks
in five major cities - Houston, Dallas and Austin, Texas; Memphis,
Tennessee and Atlanta, Georgia for the benefit of c-store brands
and advertisers who have expressed an interest in the National
Mobile Network. Metro and GraphicMedia, Inc. ("Graphic") have
partnered to operate the c-store footprint under the brand name of
the "National Mobile Network", which will now include both gas
stations and c-stores.
Metro, iSIGN and GraphicMedia, Inc., iSIGN's national
distributer, have agreed upon the pricing of the Antennas for this
order, as well as for the monthly data hosting fee. The monthly
data hosting fee will commence 90 days after the first 120 units
are installed, to allow Metro to fully demo the units to
advertisers and c-store brands. It is expected that installation of
the units will be completed within one month of delivery.
Metro has committed to fulfill the initial 1,200 Antenna order
within one year. Metro will receive exclusive marketing rights for
the independently owned and operated c-stores within the United
States. The marketing rights will be for a period of five years,
with an option to renew for an additional five year period.
"This installation marks the start of the expansion of the
National Mobile Network beyond National Oil and Marathon," stated
Mr. Alex Romanov, iSIGN's Chief Executive Officer. "It will provide
us with a one-time immediate revenue for the sale of our Antennas
and will start to generate monthly recurring revenue very
shortly."
"In addition, it will expand our geographic coverage, enabling
us to gather data from new sources which will give our data
analysts additional data from which to cull relevant saleable
insights," added Mr. Romanov.
"GraphicMedia has worked for months to complete this
partnership, with the objective of expanding the gas
station/c-store footprint to a 10,000 location footprint," stated
Mr. Ron Leman, GraphicMedia's Chief Executive Officer and
President, iSIGN's exclusive distributor for the Americas. "This
footprint is expected to engage with over 15 million mobile devices
daily. Based upon this volume of engagement, we expect to gather 5
terabytes of anonymous data daily, which will be analysed and
converted into saleable insights."
"In conjunction with iSIGN, our plans over the next few months
are to continue to expand the network into the Quick Service
Restaurant ("QSR") channel," added Mr. Leman. "We are working with
our partners to establish at least a 10,000 location network in the
QSR channel."
About iSIGN Media
iSIGN Media is a world leader in multiplatform advertising
solutions that utilize Bluetooth, Mobile, WiFi and Location-Aware
technologies to deliver rich media, permission-based messages to
engage consumers more deeply and cost-effectively. The resulting
business intelligence and real time metrics, gathered through
iSIGN's patent-pending advertising platform, deliver insights into
emerging consumer behaviors that help advertisers measure their
efforts and make better business decisions to increase ROI and
customer loyalty. 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
1,400 locations. Partners include: IBM and AOpen America Inc., with
solution distribution by GraphicMedia, Inc. and BlueStar Inc.
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. 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.
(C) 2012 iSIGN Media Solutions Inc. All Rights Reserved. All
other trademarks and trade names are the property of their
respective owners.
Press contact:
Alex Romanov
iSIGN Media
alex@isignmedia.com
Vanessa Harwell Belinda Rooney
ThinkInk Communications LLP SSPR
305 749 5342, extension 232 609 750 9110
vanessa@thinkinkpr.com brooney@sspr.com
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.
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