TORONTO, ONTARIO--(Marketwire - June 26, 2012) - iSIGN Media Solutions Inc. ("iSIGN" or "Company") (TSX VENTURE:ISD), a leading provider of interactive mobile advertising solutions that serves advertisers, manufacturers, retailers and advertising agencies throughout North America and GraphicMedia, Inc. ("Graphic"), a privately owned and operated creative graphics and advertising company located in Bluffton, Indiana, are pleased to announce that they have signed a non-binding Letter of Intent ("LOI").
Under the terms of the LOI, Graphic has agreed to a payment of $250,000 US, to acquire exclusive rights to the territories of Indiana and Ohio for a period of three years. The agreement also calls for iSIGN to receive $1,095 US in licensing fees per unit per year and a one-time set-up fee of $1,000 US per unit.
"We are very interested in iSIGN's technology and believe that it has tremendous potential," stated Mr. Ron Leman, President and Chief Executive Officer of GraphicMedia, Inc. "We are very interested in bringing this technology to our clients as we feel that they will benefit from this innovative and measurable technology."
"GraphicMedia's reputation is being able to provide innovative solutions to an ever changing culture of information, and marketing communication. Proximity mobile advertising with real time consumer analytics (what we call i sign technology) fits that description," added Mr. Leman. "Today, the only thing that is experiencing more exploding growth than information, is the technology that delivers this information. Our intent is to integrate i sign technology into our marketing portfolio of products and services, thus giving our clients an advantage over their competition."
"Graphic is a well-known and respected company with a solid client base that can benefit from our technology," said Alex Romanov, iSIGN's Chief Executive Officer. "We believe that our software will be an excellent fit with their products and cliental."
"This is the fourth LOI that we have entered into with the last two months," added Mr. Romanov. "We are currently in negotiations with three other companies and hope to have news on these within the near future. This activity demonstrates that our technology is gathering interest both in North American markets as well as internationally and is becoming more accepted by a variety of companies. It validates our marketing efforts and in our opinion, is a very strong indicator of our future growth and expansion in all markets."
About iSIGN Media
iSIGN Media is a North American 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 1,400 locations. Partners include: AOpen America Inc. and IBM, with solution distribution by BlueStar Inc. iSIGN is publicly traded in Toronto (TSX.V). Additional information can be found at www.isignmedia.com.
GraphicMedia, Inc. has a rich history of providing our Regional and National Clients with innovative marketing services, advertising graphics, and advertising sign services. Our most recent expansion (in 2011) has been in LED advertising display signs. Our Led sign clients range from large convenient store chains, furniture stores, and banks. GraphicMedia intends to integrate i sign technology into its marketing portfolio of products and services. Giving our client's an advantage over their competition.
Additional information can be found at www.graphicmedia.us.
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.
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