iSIGN Announces Payment for its First Data Sale and Finalized 7 Year Partner Network Agreement for Southeast Asia
09 Dezember 2013 - 4:14PM
Marketwired
iSIGN Announces Payment for its First Data Sale and Finalized 7
Year Partner Network Agreement for Southeast Asia
TORONTO, ONTARIO--(Marketwired - Dec 9, 2013) - iSIGN Media
Solutions Inc. ("iSIGN" or "Company") (TSX-VENTURE:ISD)
(OTCQX:ISDSF), a leading provider of interactive mobile advertising
solutions that serves advertisers, manufacturers, retailers and
advertising agencies throughout North America, is pleased to
announce that it has received the initial payment for clean data
from Speech and Software Technologies (1) Pvt. Ltd, ("SST").
As previously agreed with SST, iSIGN will now start to deliver
data to its data partner Newcomp Analytics ("Newcomp") for
analysis, interpretation and evaluation purposes.
Additionally, iSIGN and SST have completed a 7 year Partner
Network Agreement ("Agreement") for SST for the exclusive rights to
distribute and resell iSIGN's software and hardware solutions in
India and southeast Asia. This also includes data sales and
reseller status in the United States in tandem with our master
distributor in the Americas, GraphicMedia, Inc. As part of the
Agreement, SST will be reviewing its markets to establish
performance clauses for the duration of the contract.
As previously released, it is expected that Newcomp's analytics
will result in enriched insights that will enable the purchaser to
resell the final insights at a price of $0.60 to $0.80 per insight.
This increase in valuation will benefit iSIGN in that future data
sales can be priced based upon this enhanced value.
iSIGN's data is considered to be "clean data", meaning that
while the Company is collecting information including, but not
limited to, shopper product and brand, offer preferences as well as
final purchases, no personal shopper information is being gathered
that could identify individual shoppers in any way.
"In addition to working with SST on data sales, we have
finalized the Partner Network Agreement with SST and believe this
will introduce and launch our data and technology throughout Asia
and eventually Europe," said Mr. Alex Romanov, iSIGN's Chief
Executive Officer. "We expect this Agreement will be very mutually
beneficial to iSIGN and SST, as it will provide access to an
extremely large market."
"SST is a well respected company in India and Southeast Asia,
with approximately 25% of the company owed by the Tata Group,"
added Mr. Romanov.
About iSIGN Media
Since 2007, iSIGN has been developing multiplatform advertising
and marketing solutions for brands to better attract, engage and
retain customers through their mobile devices. The data and SaaS
(software as a service) company collects and analyzes shopper
preferences so that brands can deliver targeted messaging and
personalized offers to consumers' mobile devices, in-location and
in real-time. The company's interactive proximity-marketing
technology is capable of gathering average price points, typical
purchases, in-store dwell times and other shopper metrics to
deliver business intelligence and insights into emerging consumer
behaviors that can help brands make better business decisions and
measure their marketing efforts. Utilizing Bluetooth™, mobile,
Wi-Fi, and location-aware technologies to deliver relevant and
timely messaging to any screen or mobile device, iSIGN delivers
rich media, permission-based messages free to consumers that can
drive immediate brand engagement, increased customer loyalty and
deliver higher ROI on marketing dollars spent. 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 about 1,400 locations.
Partners include: IBM, Keyser Retail Solutions, Baylor University,
Verizon Wireless, TELUS and AOpen America Inc., with solution
distribution by GraphicMedia, Inc. and BlueStar Inc.
www.isignmedia.com
About Speech and Software Technologies
Speech and Software Technologies (1) Pvt. Ltd. and its wholly
owned subsidiary SST Software International Pvt. Ltd. have been
developing solutions for the hospitality industry for a decade.
More recently, the product portfolio has been extended to the
health care industry as well. Today SST is one of the leading
product-engineering global IT service providers, providing
value-added services to large and medium-scale organizations. SST
has carved a niche in developing products and value-added solutions
for the Hospitality and Healthcare industries in the area of
interactive TV and IPTV solutions, Implementation of Passive
Optical Networking Solutions, service delivery management systems
and Online reservations systems. SST has developed several
applications that integrate with popular Central Reservation
Systems and Property Management Systems and has customized these
systems for hospitals and integrated with Hospital Information
Systems as well. SST's products and services are built around an
inherent capability to understand the customer requirements in
hospitality and health care and building solutions to address those
requirements. SST's products, solutions and services specifically
address areas such as easy access to information, entertainment and
improve service delivery. www.ssthospitality.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.
© 2013 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.
Investor contacts:RB Milestone GroupTrevor
Brucato212.661.7771tbrucato@rbmilestone.comiSIGN MediaAlex
Romanovalex@isignmedia.comwww.isignmedia.com
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