Friday, September 24, 2010 10:29:01 AM
iSign Media Solutions Inc (C:ISD)
Shares Issued 36,717,472
Last Close 9/23/2010 $0.26
Friday September 24 2010 - News Release
Mr. Alex Romanov reports
ISIGN MEDIA SOLUTIONS INC. ANNOUNCES RECEIPT OF A NEW PURCHASE ORDER FOR 1,500 ISIGN IMS 3.0 SOFTWARE LICENSES AND TRANSCEIVER DEVICES FROM A SECOND MAJOR PARTNER
iSign Media Solutions Inc. has received its first order from BlueStar Inc. under the distribution agreement that was entered into on June 4, 2010, for the first 1,500 deluxe edition location-based interactive proximity software licenses and 1,500 transceivers.
"The iSIGN transceiver is a customized, range adjustable antenna that when attached to any digital media player powered with our IMS 3.0 software, will broadcast messages to Bluetooth enabled mobile phones and capture shopper analytics," said Alex Romanov, iSIGN's chief executive officer. "We are pleased to receive the first of what we feel will be many orders from BlueStar and their VAR's customers for IMS 3.0 transceivers, which will lead to the activation of our software in all compatible digital media players in first, second and third tier channels."
The value of this initial order is $262,500 (U.S.). When these 1,500 software licenses are fully activated by the retailer, gross revenues to iSign will yield a minimum of $4.42-million (U.S.) over the thirty-six month term.
© 2010 Canjex Publishing Ltd.
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