iSIGN Media Announces Initial 200 Unit Release to Hi-Tek Media
08 4월 2019 - 7:30PM
iSIGN Media Solutions Inc. (“iSIGN” or “Company”) (TSX-V: ISD)
(OTC: ISDSF), a leading provider of interactive mobile proximity
marketing and public security alert solutions is pleased to
announce the initial request for the release of hardware relating
to Hi-Tek Media’s (“Hi-Tek”)purchase order for 1,000 mobile
messaging devices.
These 200 units represent the start of Hi-Tek’s
previously announced Omni Veil Digital Network, powered by iSIGN
technology and hardware, that allows for targeted digital messaging
and customer response for Hi-Tek’s roster of existing and future
advertising clients. Installation will be into vehicles as well as
traditional locations under a two-year renewable contract with
Hi-Tek.
This initial shipment will be iSIGN’s newly
developed Smart PODX devices that adds “any distance anywhere”
messaging anytime in proximity and to any distant location. The
Smart PODX can be used as a standalone device as well as in tandem
with iSIGN’s Smart Antennas.
The revenue generated from this initial two-year
contract will be approximately $730,000, priced on a
Software-as-a-Service basis that combines hardware costs with
monthly messaging fees. Commencement of revenue is projected to
begin June 2019. As contracted with Hi-Tek, a down payment will be
forwarded to iSIGN.
Additionally, as data is gathered by iSIGN’s
technology through its interaction with mobile devices, the
potential of further revenues resulting from the sale of anonymous
data insights will exist. At the current time, neither the
potential value nor a revenue commencement date can be
estimated.
iSIGN anticipates further announcements relating
to Hi-Tek’s draw-down from its 1,000-unit purchase order within the
next 30 to 60 days. Further, it is expected that this installation
will galvanize other resellers and end clients, both in the United
States and Canada.
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 Mtrex Network
Solutions. 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.
© 2019 iSIGN Media Solutions Inc. All Rights
Reserved. All other trademarks and trade names are the property of
their respective owners.
Company contacts:
Alex RomanoviSIGN Media Solutions Inc.
alex@isignmedia.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 for
the accuracy of this release.
iSign Media Solutions (TSXV:ISD)
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iSign Media Solutions (TSXV:ISD)
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