iSIGN Announces an Exclusive Leasing Agreement with Commercial Funding Group
March 29, 2016 (Source) — Available for iSIGN, its Resellers and Clients
iSIGN Media Solutions Inc. (“iSIGN” or “Company”) (TSX-V: ISD) (OTC: ISDSF), a leading provider of interactive mobile proximity advertising solutions announced that it has signed an agreement with Commercial Funding Group Inc. (“CFG”) to act as iSIGN’s exclusive leasing agent for the United States, Canada and Australia to facilitate and serve an expected increased demand for our Smart Antennas.
The ability to offer a leasing component provides an alternate payment solution to the Company’s resellers and clients to acquire the Company’s hardware. Resellers and client now have the ability to choose between purchasing and paying for hardware outright prior to shipment or electing to amortize the hardware cost over a set period of time of up to five years.
This leasing facility is also available for iSIGN’s resellers to use with their clients. LED Solutions Manufacturing Inc., our exclusive reseller for the Canadian outdoor signage market, has already contacted CFG to set up a leasing facility.
“We had discussions with several leasing companies prior to closing CFG,” stated Mr. Alex Romanov, iSIGN’s Chief Executive Officer. “We chose CFG as they have a better understanding of our product and marketplace than the other companies we spoke with and have the ability to handle leases in the United States, Canada and Australia.”
“We anticipate that the leasing alternative will prove to be very attractive to both our resellers and their clients,” added Mr. Romanov. “As CFG has stated that their forwarding of funds will be within 2 business days there will be no impact upon either our cash flow or that of our resellers.”
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About iSIGN Media
iSIGN Media, based in Toronto, is a data-focused, software-as-a-service (SaaS) company that is a pioneering leader in gathering point-of-sale data and mobile shopper preferences to generate actionable data and reveal valuable consumer insights. Creators of the Smart Suite of products, a patented interactive proximity marketing technology, iSIGN enables brands to deliver targeted messaging, personalized offers and loyalty perks to consumers’ mobile devices in proximity and with real-time proof of redemption. iSIGN’s data gathering capabilities provide analytics on price points, typical purchases, in-store dwell time and other shopper metrics that identify emerging consumer behaviors. These insights enable smarter business decisions and provide increased ROI metrics for more transparent marketing. iSIGN delivers relevant, timely messages on an opt-in basis at no charge to consumers, transmitting rich media to consumer mobile devices via Bluetooth® and WiFi connectivity in complete privacy as opposed to iBeacons, apps, downloads and the required surrendering of personal information. Proven to increase brand engagement and customer loyalty, iSIGN generates preference-based, predictive “clean data” without compromising consumer privacy. Partners include: IBM, Keyser Retail Solutions, Baylor University, Verizon Wireless, TELUS and AOpen America Inc. www.isignmedia.com
About Commercial Funding Group
Established in 1981, Commercial Funding Group Inc. is a customer-focused organization geared to meeting the financing needs of the corporate marketplace. Commercial Funding Group Inc. provides a wide range of financial services to support customers throughout Canada, Australia and the United States. www.commercialfundinggroup.com
© 2016 iSIGN Media Solutions Inc. All Rights Reserved. All other trademarks and trade names are the property of their respective owners.
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.
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 adequacy or accuracy of this release.
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