TMCnet News
iSIGN Media Provides an Update on Various ProjectsPush Sensor Patent Documentation Completed and Filed April 2017 TORONTO, April 24, 2017 /PRNewswire/ - 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 that serves brands, commercial locations, retailers and service providers throughout North America, provides an update on a variety of projects. Dear Shareholders and Interested Parties, It has been just over a month since taking on the role of Interim CEO. Since the start of this interim engagement, significant progress has been made in assessing the current state of the Company as well as its obligations, challenges, and opportunities. It is my intention that this letter provides updates as well as answers to common questions and our take on the Company's future growth potential. The iSIGN's team has invested significant time, energy, and effort to get the company's basic operations and financial information up to date, assess its current status, gauge its potential future viability, and ultimately, to develop and deploy a strategy to address the state of the company's finances, including fundraising and liabilities. As part of this process, we are exploring different avenues (including private sources) for raising capital on terms more favorable to the Company. Some of our priorities have been to: prepare and ship antenna units to our customers in a timely manner; finalize the push sensor documentation and filing of patent – patent documentation filed in April 2017; initiate Push Sensor prototype development – prototype development initiated in April 2017; immediately commence the development of the Security Alert Messaging ("SAM") software; and develop and deploy a short and long term strategy for revenue growth. In light of all these initiatives I am deeply concerned with the feedback received from our customers about iSIGN's shareholder interference wth their business operations. There appears to be a disgruntled group of iSIGN shareholders who feel entitled to contact the end users of our product to complain about the delays in deployment. Clearly this type of behaviour is disappointing and tremendously undermines the efforts our board and management team has made over last several months. Finally, I would like to personally thank everyone who has reached out to us through email and various other channels to inquire about the company's status or future plans. As a public company CEO, I must remind you that we are prohibited from answering these questions individually; instead, I ask that you look exclusively to our official press releases and regulatory filings for updates, or contact our [email protected] with questions regarding the specifics of your investment in iSIGN. About iSIGN Media Forward-Looking Statements © 2017 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. SOURCE iSIGN Media Solutions Inc, Joe Kozar Chief Executive Officer |