Mr. Alex Romanov reports
ISIGN MEDIA ANNOUNCES A SHARES FOR DEBT TRANSACTION
iSign Media Solutions Inc. has entered into a shares-for-debt arrangement with a supplier, in which the company has agreed to issue 1,527,435 common shares at a deemed price of eight cents per share in settlement of debts totalling $122,195.
This arrangement is subject to the approval of the TSX Venture Exchange. The company will issue these shares, which are subject to a four-month hold period, once approval has been received from the exchange.
The party, Conservaco LLC, is a digital marketing agency providing a full complement of services, including public relations, branding, video production, YouTube video programming, website development, search engine optimization, graphics design and social media creation, to clients globally.
Mark F. Thimmig, chairman and chief executive officer of Conservaco, stated: "The iSign solution backed by its leading-edge patented technology is the right solution for our current times. There is a growing demand in the U.S. and internationally for personal safety in our schools, businesses, hotels and places of worship. We believe iSign can effectively and affordably address these needs along with the commercial marketing benefits that it can also provide."
iSign is a mobile digital multimedia proximity and communications device. It is also a safety and security alert messaging system, which is a one-of-a-kind global solution that integrates with iSign's smart antennas as well as with digital signage networks, enabling both commercial and public safety and security messaging. It is available as a software-as-a-service (SaaS) installation or a convenient downloadable mobile app.
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.
© 2024 Canjex Publishing Ltd. All rights reserved.