ISIGN MEDIA SOLUTIONS INC - ISDSF STOCK NEWS

iSIGN Media Solutions Inc. (TSX-V: ISD) (OTC: ISDSF) announced the resignation of Mr. Tony Peticca from its Board of Directors, effective January 31, 2023, due to personal commitments. CEO Remko Noteboom expressed gratitude for Peticca's contributions and wished him well in future endeavors. iSIGN is a Toronto-based SaaS company specializing in location-based security alerts and proximity marketing, leveraging Bluetooth and Wi-Fi technologies. The company has notable partnerships with IBM, Verizon Wireless, and others, and it continues to innovate in its field, having won the 2019 Richmond Hill Innovator of the Year award.

iSIGN Media Solutions has successfully closed a $30,000 convertible note, demonstrating its strategy to enhance revenue through ongoing projects. The note, which features a 12% annual interest rate, is convertible into units at $0.05 each, each unit consisting of one common share and a warrant exercisable at $0.075. Proceeds will fund hardware acquisitions and general working capital, pending final approval from the TSX Venture Exchange. Notably, the issuance is unregistered under U.S. securities laws, limiting its sale in the U.S.

iSIGN Media Solutions Inc. (TSX-V: ISD, OTC: ISDSF) announced a financing plan through a convertible promissory note for gross proceeds of $30,000. The Note, priced above the current market rate, signifies the Company's project expectations moving towards revenue recognition. It will carry a one-year term with 12% annual interest. The principal can be converted into units at $0.05 each, including a share purchase warrant at $0.075. Proceeds will fund hardware purchases and working capital, pending TSX Venture Exchange approval.

iSIGN Media Solutions Inc. (TSX-V: ISD, OTC: ISDSF) has submitted an application to the TSX Venture Exchange to extend the exercise date for 1,280,000 outstanding warrants from November 24, 2022, to November 24, 2025. The exercise price remains unchanged at $0.075. These warrants are held by insider Josip Kozar. iSIGN provides mobile proximity marketing and public security alert solutions, focused on location-based messaging using Bluetooth and Wi-Fi technology.

iSIGN Media Solutions has announced a 12-month pilot program starting October 15, 2022, deploying its HALO.fx technology across 50 transit buses in Mexico City. This initiative aims to combat fare evasion, potentially saving transit operators about $100 million annually. The HALO.fx nodes will gather data on passenger occupancy and behaviors. Additionally, the technology aims to enhance public safety through object recognition, generating new revenue streams for iSIGN. The collaboration with Smart City Services International and Payolog is expected to boost ridership and improve operational accountability.

iSIGN Media Solutions announced the resignation of Alex Romanov from its Board of Directors, effective September 28, 2022. The CEO, Remko Noteboom, expressed gratitude for Romanov's service. iSIGN is a Canadian company known for its interactive mobile marketing and public security alert solutions, utilizing Bluetooth and Wi-Fi. They offer a patented suite of products aimed at location-based messaging, with notable partners like IBM and Verizon. The company emphasizes ongoing risks and uncertainties surrounding its future performance.