TORONTO, April 08, 2019 (GLOBE NEWSWIRE) -- iSIGN Media Solutions Inc. (“iSIGN” or “Company”) (TSX-V: ISD) (OTC: ISDSF), a leading provider of interactive mobile proximity marketing and public security alert solutions is pleased to announce the initial request for the release of hardware relating to Hi-Tek Media’s (“Hi-Tek”)purchase order for 1,000 mobile messaging devices.

These 200 units represent the start of Hi-Tek’s previously announced Omni Veil Digital Network, powered by iSIGN technology and hardware, that allows for targeted digital messaging and customer response for Hi-Tek’s roster of existing and future advertising clients. Installation will be into vehicles as well as traditional locations under a two-year renewable contract with Hi-Tek.

This initial shipment will be iSIGN’s newly developed Smart PODX devices that adds “any distance anywhere” messaging anytime in proximity and to any distant location. The Smart PODX can be used as a standalone device as well as in tandem with iSIGN’s Smart Antennas.

The revenue generated from this initial two-year contract will be approximately $730,000, priced on a Software-as-a-Service basis that combines hardware costs with monthly messaging fees. Commencement of revenue is projected to begin June 2019. As contracted with Hi-Tek, a down payment will be forwarded to iSIGN.

Additionally, as data is gathered by iSIGN’s technology through its interaction with mobile devices, the potential of further revenues resulting from the sale of anonymous data insights will exist. At the current time, neither the potential value nor a revenue commencement date can be estimated.

iSIGN anticipates further announcements relating to Hi-Tek’s draw-down from its 1,000-unit purchase order within the next 30 to 60 days. Further, it is expected that this installation will galvanize other resellers and end clients, both in the United States and Canada.

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 Mtrex Network Solutions.  www.isignmedia.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.

© 2019 iSIGN Media Solutions Inc. All Rights Reserved. All other trademarks and trade names are the property of their respective owners.

Company contacts:

Alex Romanov
iSIGN Media Solutions Inc.
alex@isignmedia.com

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