Science & Technology
Science and Technology
Science and Technology
Wed, May 23, 2012 iSIGN Media and Carroll Advertising Announce the Successful Conclusion to the Previously Announced Licensing LOI
May 23, 2012 07:30 ET
iSIGN Media and Carroll Advertising Announce the Successful Conclusion to the Previously Announced Licensing LOI
TORONTO, ONTARIO--(Marketwire - May 23, 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 Carroll Advertising, Inc. ("Carroll"), an independently owned and operated advertising company located in Boston, MA, are pleased to announce the completion of the testing of iSIGN's Interactive Marketing Solutions ("IMS") 3.1 software and related Smart Antenna ("SA").
"We are pleased to announce that Carroll has completed their testing of our system and have agreed to move forward with the $250,000 licensing purchase," said Alex Romanov, iSIGN's Chief Executive Officer. "We have received their initial deposit installment and will shortly be shipping their preliminary quantity of Smart Antennas."
"Once Carroll has these units installed and generating metrics, we expect to see a dramatic increase in interest in iSIGN's IMS software throughout the United States," added Mr. Romanov.
"We are looking forward to introducing iSIGN's solution in our market," stated Mr. John Carroll, President of Carroll Advertising, Inc. "We feel that our clients will benefit greatly from the iSIGN solution."
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 ].
About Carroll Advertising
Carroll Advertising is a Boston based independently owned and operated advertising company specializing in out-of-home and digital out-of-home advertising. We were the first company in Massachusetts with digital billboards and have expanded into the digital out-of-home marketplace with digital signage, including locations on ferries serving Cape Cod, Nantucket and Martha's Vineyard. Additional information can be found at [ www.carrolladvertising.com ].
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.
© 2012 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.
