iSIGN Media Updates Yesterday's Announcement Regarding an Agreement in Principle to Acquire POS Canada
May 29 2014 - 2:44PM
Marketwired
iSIGN Media Updates Yesterday's Announcement Regarding an Agreement
in Principle to Acquire POS Canada
TORONTO, ONTARIO--(Marketwired - May 29, 2014) - 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, today updated yesterday announcement concerning its
Memorandum of Agreement ("Agreement") to acquire all of the issued
and outstanding shares of POS Canada ("POS").
iSIGN wishes to assure the marketplace that the proposed
acquisition of the outstanding shares of POS will not constitute
either a change of control or a reverse takeover. A more
comprehensive release with the final terms and financial
information will be disclosed once a definitive agreement has been
signed by the parties.
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
About POS Canada
POS Canada is a privately held Canadian company and, since 1989,
has traditionally supplied the high-end corporate hospitality and
retail industry with leading edge point-of-sale hardware and
software. POS Canada is a full service provider of advanced
technology support services, system customization, installations
and ongoing systems support and customer education. Over the years,
POS has grown from a small firm to a full service value added
re-seller with direct offices in Toronto and Ottawa, Ontario and
Calgary, Alberta, Canada. POS also maintains a dealer network
providing coverage throughout Canada as well as parts of the United
States and is one of the leading distributors in Canada of
hospitality and retail point-of-sales systems supporting clients
across Canada. www.poscanada.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.
© 2014 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.
Media contact:Emily StorzSSPR267-758-2642 (direct) or
609-351-3592 (mobile)estorz@sspr.comInvestor Contact:Trevor
BrucatoRB Milestone Group1-212-661-7771
(office)tbrucato@rbmilestone.comCompany contacts:Alex RomanoviSIGN
Mediaalex@isignmedia.comBruce HendersonPOS
CanadaBHenderson@poscanada.com
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