Toronto, Ontario – August 24, 2012 - iSIGN Media Solutions Inc. (“iSIGN” or “Company”) (TSX-V: 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 the signing of addendum second licensing agreement adding a portion of Texas as an exclusive territory for Graphic.
Under the terms of the agreement, Graphic has agreed to a payment of $250,000 US, to acquire exclusive rights to the territory of Northeastern Texas. The agreement also calls for iSIGN to receive $1,095 US in licensing fees per unit per year.
“We have experienced success with our initial territories and anticipate the same degree of success with the North Eastern part of Texas,” stated Mr. Ron Leman, President and Chief Executive Officer of GraphicMedia, Inc. “We are quite confident that iSIGN’s Smart Antenna will receive the same degree of acceptance in Texas. We are so confident in iSIGN’s Smart Antenna and related software, that we are talking with iSIGN about adding the State of Washington to our agreement.”
“The rapid success that Graphic has had is very gratifying to us, in that it shows the acceptance of our Smart Antenna and related software,” said Alex Romanov, Chief Executive Officer of iSIGN. “We are extremely pleased that Graphic has approached us to add Northeastern Texas to their territory and that they are talking about the State of Washington as well. Graphic was proven to be a smart and aggressive company, who understands our product and what it can do. This is the perfect type of partner for us.”
“This marks the fourth reseller agreement that we have signed over the past five months”, added Mr. Romanov. “We are currently in negotiations with three other companies and hope to have news on these within the near future.”
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. Additional information can be found at www.isignmedia.com.
About GraphicMedia
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.
Forward-Looking Statements
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.
