Mr. Josip Kozar reports

ISIGN MEDIA CLOSES ITS PREVIOUSLY ANNOUNCED SHARES FOR DEBT TRANSACTION OF $53,785 WITH ITS MAJOR SHAREHOLDER AND CONTROL PERSON

iSign Media Solutions Inc. has received final approval from the necessary regulatory agency to close its previously announced debt settlement arrangement with its major shareholder and control person, Josip Kozar, in which the company has agreed to issue 5,378,500 common shares at a deemed price of one cent per share in settlement of debts owned of $53,785.

"I am encouraged by the progress iSign has made over the past 10 months or so regarding its technology refinements and expansion of its product line, as well as by the growing revenue opportunities that are opening up for the company," stated Mr. Kozar. "I realize that new technology sales takes a great deal of time, but I am confident that iSign will be successful in closing some of its revenue opportunities."

Mr. Kozar is deemed to be a related party, as such term is defined in Multilateral Instrument 61-101 -- Protection of Minority Security Holders in Special Transactions, being the company's major shareholder and control person and currently holding approximately 39 per cent of the company's issued and outstanding common shares of the company.

For this transaction, the company has relied on the exemption from the formal valuation requirements of MI 61-101 contained in Section 5.5(a) of MI 61-101 and has relied on the exemption from the minority shareholder approval requirements of MI 61-101 contained in Section 5.7(a) of MI 61-101.

These shares are subject to a four-month hold period, ending Dec. 11, 2023.

About iSign Media Solutions Inc.

iSign, a Canadian company based in Toronto (Richmond Hill), 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. Creator 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. iSign is the 2019 winner of Richmond Hill's innovator of the year award.

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