iSIGN Media Advises That a Director of the Company Has Been Issued a Notice of Hearing
December 17 2010 - 7:00PM
Marketwired
iSIGN Media Solutions Inc. ("iSIGN" or "Company") (TSX VENTURE:
ISD)has been advised that Michael Minor, a Director of the Company
was issued a Notice of Hearing on December 7, 2010 alleging that he
violated securities law on behalf of another company.
The Notice of Hearing alleges that Mr. Minor contravened
securities laws in the distribution of securities and that he
authorized, permitted or acquiesced the illegal distribution of
securities, along with two other individuals on behalf of Photo
Violation Technologies Corp. from August 2005 to June 2008. A date
to set a hearing into these unproven allegations will be held
January 5, 2011.
About iSIGN Media
iSIGN is a leading developer of location-based interactive
proximity advertising solutions that deliver rich media, permission
based messages, free of charge to cell phones using Bluetooth®
connectivity. The Company's patent-pending advertising platform
combines the precision of direct marketing and the tracking
potential of the Web to deliver more cost effective and ROI-driven
advertising than is possible via print, radio and television. iSIGN
is based in Richmond Hill, Ontario with R&D and customer
support operations in Vancouver, BC. iSIGN is a business partner of
AOpen America Inc., having an OEM agreement for the embedding of
its IMS software in AOpen's digital media players and IBM, as their
Solution Provider, POS All Models. iSIGN's software solutions are
also distributed by BlueStar Inc. to their network of Value Added
Resellers. iSIGN is publicly traded in Toronto (TSX.V) under the
symbol "ISD". Additional information about iSIGN Media can be found
at 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, including the
matters discussed under "Risks and Uncertainties" in the Filing
Statement filed on October 9th, 2009 with the regulatory
authorities. 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.
© 2010 iSIGN Media Solutions Inc. All Rights Reserved. All other
trademarks and trade names are the property of their respective
owners.
Neither TSX Venture Exchange nor its Regulation Services
Provider (as that term is defined in the policies of the TSX
Venture Exchange) accepts responsibility for the adequacy or
accuracy of this release.
Contacts: iSIGN Media Alex Romanov Chief Executive Officer
905-530-2481 alex@isignmedia.com www.isignmedia.com
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