iSIGN Announces Receipt of an Executed and Signed Offer for a Partner Network Agreement with Speech and Software Technologies, an Indian Company
(Marketwire (Canada) Via Acquire Media NewsEdge) TORONTO, ONTARIO--(Marketwired - Dec. 4, 2013) - iSIGN Media Solutions Inc. ("iSIGN" or "Company") (TSX-V: 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 an executed and signed offer for a Partner Network Agreement ("Agreement") from Speech and Software Technologies (1) Pvt. Ltd. ("S and S").
S and S, who recently purchased 2.5 million insights from iSIGN's clean data inventory, decided to expand upon and leverage their data purchase, by growing their relationship to include all of iSIGN's products and services. Under the terms of this agreement, S and S would become the Company's exclusive Distributor and Reseller in India, Sri Lanka, Bangladesh, Pakistan, Myanmar and other Southeast Asian developing countries, authorized to market and sell iSIGN's products and services to both end users and sub-distributors. They will also have the ability to resell and distribute product within the United States, in tandem with GraphicMedia, Inc. our exclusive master distributor in the Americas.
"We consider this agreement to be an important step forward for us," said Mr. Alex Romanov, Chief Executive Officer, iSIGN Media Corp. "Not only does this give us presence in one of the largest and fastest growing markets in the world, but we have managed to do so with a world-class organization that understands technology and has a sizeable client base that we will have immediate access to."
"During the many conversations between our companies, S and S gained a tremendous understanding of our products and technology and saw the wisdom of expanding their initial desire from strictly data to acquiring the full range of our product line - our antennas, data analytics, etc.," 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(TM), 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
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.
(C) 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.
FOR FURTHER INFORMATION PLEASE CONTACT:
RB Milestone Group
Source: iSIGN Media Solutions Inc.
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