TORONTO, Sept. 14, 2018 /CNW/ - iSIGN Media Solutions
Inc. ("iSIGN" or "Company") (TSX-V: ISD) (OTC: ISDSF), a leading
provider of interactive mobile messaging solutions for commercial
and security purposes announces that it has received final approval
from the necessary regulatory agency to close the previously
announced shares for debt arrangement ("Arrangement").
The Company has completed the Arrangement by issuing 1,527,435
common shares ("Shares") at a deemed price of $0.08 per share. These shares are subject to a
four-month hold period, ending January 14,
2018.
The total amount of indebtedness settled by this Arrangement is
$122,195. The Company agreed to
satisfy this outstanding indebtedness with shares to perverse its
cash for operational expenses.
The shares are being issued to Conservaco, LLC ("Conservaco"), a
digital marketing agency providing a full complement of services
including, public relations, branding, video production, YouTube
video programming, website development, SEO, graphics design,
social media creation to clients globally.
Conservaco (www.conservaco.com) is a strategic partner with Rich
Multimedia Technologies ("RMT") managing and further developing the
RMT media network through multiple U.S. and international airports.
These airports serve millions of passengers each year.
Additionally, Conservaco has extensive client relations who
represent outstanding opportunities to significantly grow the iSIGN
Digital Media and communications customer base throughout the U.S.
and internationally.
Mark F. Thimmig, Chairman and CEO
of Conservaco, stated, "the iSIGN solution backed by its
leading-edge patented technology is the right solution for our
current times. There is a growing demand in the US and
internationally for personal safety in our schools, businesses,
hotels, and places of worship. We believe iSIGN can effectively and
affordably address these needs along with the commercial marketing
benefits that it can also provide."
ISIGN is a mobile digital multi-media proximity and
communications device. It is also a safety and Security Alert
Messaging system ("SAM"), which is a one-of-a-kind global solution
that integrates with iSIGN's Smart Antennas as well as with digital
signage networks, enabling both commercial and public safety and
security messaging. It is available as a Software-as-a-Service
("SaaS") installation or a convenient downloadable mobile app.
About iSIGN Media
iSIGN, a Canadian company based in
Toronto, Ontario is a
data-focused, software-as-a-service (SaaS) company that is a
pioneering leader in the areas of location-based security alert
messaging and proximity marketing utilizing Bluetooth® and Wi-Fi
connectivity in complete privacy. Creators of the Smart suite of
products, a patented interactive proximity marketing technology,
iSIGN enables the delivery of messages to mobile devices in
proximity, with real-time reporting and analytics on a variety of
metrics. Partners include: IBM, Keyser Retail Solutions,
Baylor University, Verizon Wireless,
TELUS and AOpen America 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.
© 2018 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.
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SOURCE iSIGN Media Solutions Inc.