Science & Technology
Science and Technology
Science and Technology
Fri, January 27, 2012
Thu, January 26, 2012
iSIGN Announces a Grant of Stock Options to its Chief Executive Officer
January 26, 2012 20:00 ET
iSIGN Announces a Grant of Stock Options to its Chief Executive Officer
TORONTO, ONTARIO--(Marketwire - Jan. 26, 2012) - iSIGN Media Solutions Inc. ("iSIGN" or "Company") (TSX VENTURE:ISD), announces that on January 24, 2012, it granted 500,000 stock options at an exercise price of $0.23 per share, to the Company's Chief Executive Officer.
These stock options form a part of his new compensation package, replacing the one that expired on January 6, 2012. Under the terms of the new agreement, there was no increase to his annual compensation, other than a $500 monthly increase to his auto expense allowance.
The 500,000 options have a term of five years and have vesting restrictions. Ten percent of the company's 58,946,039 outstanding shares are reserved for issuance under the Company's stock options plan. This grant is subject to regulatory approval.
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 ].
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.
