TORONTO, Sept. 5, 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 completed the development of its Security Alert
Messaging ("SAM") solution.
The SAM system has been enhanced by the addition of Apple and
Android apps which allows individuals, groups, corporate, military
and security channels to access and register on SAM globally, from
any place and location.
Currently, SAM has been introduced and is being presented to
airports, major malls, property management companies, as well as
Homeland Security and various other government agencies in the
United States. Additionally, SAM is being introduced and
demonstrated to major enterprises, transit systems and airports in
Mexico and South America.
SAM is a one-of-a-kind global solution that integrates with
iSIGN's Smart Antennas as well as with digital signage networks,
enabling both commercial and public safety and security
messaging.
Additionally, iSIGN has closed the promissory note
("Note") with Korona Group Ltd. and the shares for debt transaction
("Transaction") that it had entered into with the Company's
directors, officers and employees, as previously announced on
August 23, 2017.
The Company completed the Note and the Transaction by issuing an
aggregate of 2,583,278 common shares ("Shares") at a deemed price
of $0.08 per share. The Shares
issued are subject to a four-month hold period, ending September 2, 2017.
The issuance of the share bonus under the terms of the Note is
in lieu of cash interest and is calculated at 15% of the
$600,700 Note value, converted into
shares at a conversion rate of $0.08.
The total amount of indebtedness settled by the Transaction is
$116,557 owed to directors, officers
and employees for fees and salary.
The Company agreed to the issuance of these shares in order to
preserve its cash for operational purposes.
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.