TORONTO, Sept. 14, 2018 – iSIGN Media Solutions Inc. (“iSIGN” or “Company”) (TSX-V: ISD) (OTC :ISDSF ), a leading provider of interactive mobile messaging solutions for commercial and security purposes announces that it has received final approval from the necessary regulatory agency to close the previously announced shares for debt arrangement (“Arrangement”).
The Company has completed the Arrangement by issuing 1,527,435 common shares (“Shares”) at a deemed price of $0.08 per share. These shares are subject to a four-month hold period, ending January 14, 2018.
The total amount of indebtedness settled by this Arrangement is $122,195. The Company agreed to satisfy this outstanding indebtedness with shares to perverse its cash for operational expenses.
The shares are being issued to Conservaco, LLC (“Conservaco”), a digital marketing agency providing a full complement of services including, public relations, branding, video production, YouTube video programming, website development, SEO, graphics design, social media creation to clients globally.
Conservaco (www.conservaco.com) is a strategic partner with Rich Multimedia Technologies (“RMT”) managing and further developing the RMT media network through multiple U.S. and international airports. These airports serve millions of passengers each year. Additionally, Conservaco has extensive client relations who represent outstanding opportunities to significantly grow the iSIGN Digital Media and communications customer base throughout the U.S. and internationally.
Mark F. Thimmig, Chairman and CEO of Conservaco, stated, “the iSIGN solution backed by its leading-edge patented technology is the right solution for our current times. There is a growing demand in the US and internationally for personal safety in our schools, businesses, hotels, and places of worship. We believe iSIGN can effectively and affordably address these needs along with the commercial marketing benefits that it can also provide.”
ISIGN is a mobile digital multi-media proximity and communications device. It is also a safety and Security Alert Messaging system (“SAM”), which is a one-of-a-kind global solution that integrates with iSIGN’s Smart Antennas as well as with digital signage networks, enabling both commercial and public safety and security messaging. It is available as a Software-as-a-Service (“SaaS”) installation or a convenient downloadable mobile app.
About iSIGN Media
iSIGN, a Canadian company based in Toronto, Ontario is a data-focused, software-as-a-service (SaaS) company that is a pioneering leader in the areas of location-based security alert messaging and proximity marketing utilizing Bluetooth® and Wi-Fi connectivity in complete privacy. Creators of the Smart suite of products, a patented interactive proximity marketing technology, iSIGN enables the delivery of messages to mobile devices in proximity, with real-time reporting and analytics on a variety of metrics. Partners include: IBM, Keyser Retail Solutions, Baylor University, Verizon Wireless, TELUS and AOpen America Inc. www.isignmedia.com