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iSIGN Media Announces a Letter of Intent to Acquire Coxcom Inc.TORONTO, April 15, 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 announced today that the Company has signed a non-binding Letter of Intent (“LOI”) to acquire all of the issued and outstanding shares of Coxcom Inc. (“Coxcom”) in form of cash and iSIGN shares Coxcom, established in 1998, is a successful technology integration partner to leading North American digital signage solution providers, equipment manufacturers and visual network operators, including end-users, providing a single vendor offering on all aspects of planning and deployment inclusive of audio installation and structured cabling. Coxcom has recently added a major international fast food chain to their existing client base. This strategic acquisition provides growth opportunities to both companies through access to each others’ clients and contacts. Additionally, Coxcom will be able to offer iSIGN’s patented technology to their existing and future clients to provide accountability and measurement for the various advertising campaigns running on their clients’ digital signage networks. The expansion of a client base for iSIGN’s technology will provide additional sources of data accumulation that increases the variety of data and locations sources, thus increasing the opportunity for data sales and increasing the return on investment. “We consider this to be an excellent strategic acquisition that will give iSIGN an immediate added revenue base and cash flow, while providing expanded opportunities for future growth including from data sales,” stated Mr. Joe Kozar, iSIGN’s Chief Executive Officer. “iSIGN’s technology is intriguing and exciting,” stated Mr. Steve Cockell, Coxcom’s President. “We believe that this patented cutting-edge technology with its various delivery methods will be of great interest to our clients and will provide them with ways to easly expand their advertising reach and resulting revenues.” Under the terms of the LOI, the Share Purchase Agreement is to be delivered on or before May 15, 2019. The transaction is subject to executing a purchase agreement and receiving TSX Venture Exchange approval for the transaction. About iSIGN Media About Coxcom Inc. 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: Joe Kozar 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 for the accuracy of this release. |