TORONTO, March 21, 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 recent signing of a comprehensive four-year agreement commencing April 1, 2019 with Hi-Tek Media (“Hi-Tek”)(collectively the “Companies”), based in Las Vegas, Nevada, United States, expected to generate revenues in excess of $2 million US per year.
The agreement outlines the responsibilities of the Companies to each other; the territory granted to Hi-Tek on a non-exclusive basis; iSIGN’s products and services that Hi-Tek will be utilizing and selling and the responsibilities of the Companies to each other.
iSIGN’s technology and solutions, which have been the subject of on-going testing and review by Hi-Tek for the past few months, have been approved to power Hi-Tek’s recently announced Omni Veil Digital Network that will allow for targeted digital messaging and customer responses for Hi-Tek’s existing roster of advertising clients.
Hi-Tek, at the time of signing the agreement, delivered an initial purchase order for Smart Antennas and Security Alert Messaging (“SAM”) cloud-based technology. The Smart Antennas feature “SAM Lite” built-in and other enhancements that are specific to Hi-Tek’s requirements as SAM will be enhanced for proximity and wide-area messaging from any location. The purchase order calls for the delivery of 1,000 new version Smart Antenna units and the first 1,000 SAM subscriptions to be delivered from April 1 to December 31, 2019. The value on this initial order is expected to be $2 million US plus, with the initial shipment of Smart Antennas equipped with SAM Lite anticipated for the end of March/early April.
The selected combination of specially enhanced iSIGN technologies is iSIGN’s first partnership with an established marketing company dedicated to digital ad messaging. Omni Veil, powered by iSIGN technology and hardware, is the first of its kind and the Companies are committed and proud to be in this exclusive partnership.
It is expected that Omni Veil, from mobile installations in vehicle fleets and traditional installations in a variety of diverse locations, including but not limited to truck stops, casinos, schools, government buildings and agencies, will reach an audience that numbers in the multi-millions.
Hi-Tek counts many well-known national and international brands as existing advertising clients who are in the process of being introduced to the cost-effective Omni Veil ‘Business Intelligence’ data yielding digital network and who are expected to advertise on the network.
"Our mission at Hi-Tek Media is to create successful digital communication networks for our clients. We are excited to launch our new digital network, the Omni Veil. As a digital media company, we are always looking to bring innovation to our clients’. The launch of the Omni Veil is exceeding expectations with the capability to reach millions instantaneously within each Veil. We are proud to have iSIGN Media as part of that digital experience. Together with our other partners we are rewriting the rules of advertising, public safety communication, and digital audience experience,” said Michele Bedwell, Managing Member of Hi-Tek Media.
Both Companies look forward to introducing their unique joint product to an expanded and new customer base. Additionally, Hi-Tek will be drawing upon their background and contacts in law enforcement and security to bring the full version of SAM to resorts and casinos, beginning in Las Vegas and Nevada.
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
About Hi-Tek Media
Hi-Tek is a full-service digital marketing company with 21 years of experience in marketing. Hi-Tek is uniquely positioned to provide cutting edge marketing, digital production and media management. www.hi-tekmedia.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
Hi-Tek Media
sales@Hi-TekMedia.com
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