An anonymous director reports

ISIGN MEDIA ANNOUNCES A SIGNIFICANT DEBT REDUCTION BY WAY OF A SHARE FOR DEBT TRANSACTION

iSign Media Solutions Inc. has entered into a shares-for-debt arrangement with its directors, officers and employees, in which the company has agreed to issue 6,860,420 common shares at a deemed price of 10 cents per share in settlement of debts totalling $686,042.

The parties involved in this transaction agreed to a pricing that is above current market pricing based on various projects that are presently in process. The pricing reflects the company's and the parties' expectations that the company is moving toward the completion of contracts and related revenues.

Included in these various projects is the smart city proposal to the City of Las Vegas, submitted in mid-June, and introductions and positive negotiations currently being experienced with three Canadian cities related to smart city goals, involving both iSign's Security Alert Messaging (SAM) and Smart Antenna.

Under the requirements of the TSX Venture Exchange, the company has solicited the approval of various shareholders not involved in this transaction who own in excess of 50 per cent of the company's issued and outstanding shares. Approval for this transaction has been received from all shareholders who were approached.

Satisfying this outstanding indebtedness with shares improves the company's balance sheet and conserves the company's cash for operational purposes.

This arrangement is subject to the approval of the TSX-V. The company will issue these shares, which are subject to a four-month hold period once approval has been received from the exchange.

About iSign Media Solutions Inc.

iSign, a Canadian company based in Toronto, Ont., 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.