iSIGN Announces the Sale of Exclusive Advertising Rights for its Signage and Mobile Network Throughout Mac's Locations for $...
June 20 2013 - 8:47AM
Access Wire
Toronto, Ontario - June 20, 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 successfully concluded
negotiations to grant exclusive advertising rights for the signage
network and mobile network located in the Mac's Convenience Stores
("Mac's") across Canada with a new strategic partner.
The strategic partner
is a company with a strong background in the digital signage
industry and a successful history of selling digital network
advertising. This agreement will enable the strategic partner to
add the Mac's network, which is the largest digital and mobile
network in North America consisting of approximately 6,000 screens
and 1,400 antennas in about 1,400 stores. This expansion of their
existing footprint is to increase their advertising
sales.
This agreement,
commencing July 1, 2013 will mirror the length of iSIGN's contract
with Mac's with an option for a five year renewal. The strategic
partner has agreed to pay $1,460,000 annually, commencing July 1,
2013, for each year of the contract in order to maintain the
exclusive advertising rights. iSIGN will also receive a commission
of no less than 5% on the gross advertising sales generated by the
strategic partner throughout the term of this agreement.
"We are very pleased
with this agreement," stated Mr. Alex Romanov, iSIGN's Chief
Executive Officer. "It moves the responsibility for the sales
management of the Mac's network to a company with digital
advertising sales background that is strongly committed to
significantly increasing sales in the Mac's locations."
"The partnership
provides us with a significant and regular cash flow that will be
used to expand our core business of data gathering through mobile
messaging," added Mr. Romanov. "We look forward to working together
with our new partner and will continue to offer our mobile
messaging solution to enhance or establish other
networks."
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 about 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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