iSIGN Announces Release of Its Second Quarter Financials
December 30 2013 - 9:59AM
Marketwired
iSIGN Announces Release of Its Second Quarter Financials
TORONTO, ONTARIO--(Marketwired - Dec 30, 2013) - 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, is pleased to announce that it has released its financial
results for the three and six month periods ended October 31, 2013.
A copy of the complete unaudited financial statements and
Management's Discussion and Analysis are available on SEDAR at
www.sedar.com, as well as on www.otcmarkets.com and the Company's
website.
The total revenues for the Company for the three month period
ended October 31, 2013 grew 58.3% from the prior year. For the six
month period ended October 31, 2013 total revenues grew 39.6% from
the prior year.
Revenue for the quarter ended October 31, 2013 was $233,524
compared to $147,520 from the prior year. Revenue for the six month
period ended October 31, 2013 was $402,422 compared to $288,375
from the prior year. The increase is revenue is related to the
advertising revenue generated by the Company's digital signage
networks.
Net loss for the three month period ended October 31, 2013 was
$725,429 compared to $1,482,556. For the six month period ended
October 31, 2013, the net loss was $1,667,556 compared to
$2,554,739 from the prior year.
The decrease in the net loss is partially the result of last
year's impairment of goodwill or $567,549 combined with decreases
in depreciation and amortization and non-capital research and
development costs
iSIGN's management and its newly elected Board are committed to
improving the Company's financials as well as growing the
Company.
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.
© 2013 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.
Investor contacts:RB Milestone GroupTrevor
Brucato212.661.7771tbrucato@rbmilestone.comiSIGN MediaAlex
Romanovalex@isignmedia.comwww.isignmedia.com
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