iSIGN Media Announces the Resignation of its Chief Executive Officer

Rhea-AI Summary

iSIGN Media Solutions Inc. announced the resignation of CEO Josip Kozar, effective February 22, 2021. The Board expressed gratitude for his four years of service. iSIGN specializes in interactive mobile proximity marketing and public security alert solutions, utilizing Bluetooth and Wi-Fi technology. The company has won the Richmond Hill Innovator of the Year award in 2019 and collaborates with notable partners including IBM and Verizon Wireless. iSIGN continues to leverage its patented Smart suite of products for location-based messaging.

Positive

• New leadership may bring fresh perspectives and strategic direction.
• iSIGN's partnerships with major companies like IBM and Verizon could enhance market credibility.

Negative

• Loss of a CEO could lead to uncertainties in strategic continuity.
• Potential experience gap may affect company operations and investor confidence.

TORONTO, Feb. 23, 2021 (GLOBE NEWSWIRE) -- iSIGN Media Solutions Inc. (“iSIGN” or “Company”) (TSX-V: ISD) (OTC: ISDSF), a leading provider of interactive mobile proximity marketing and public security alert solutions announced that Mr. Josip Kozar has tendered his resignation as Chief Executive Officer effective February 22, 2021.

“On behalf of the Board and the Company, I would like to thank Joe for his time and dedication to iSIGN over the past four years,” stated Mr. Bruce Reilly, iSIGN’s Chief Financial Officer. “We wish him the very best in his future endeavors.”

About iSIGN Media
iSIGN, a Canadian company based in Toronto (Richmond Hill), Ontario 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. Creators 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. 2019 winner of Richmond Hill’s Innovator of the Year award. Partners include IBM, Keyser Retail Solutions, Baylor University, Verizon Wireless, TELUS and Mtrex Network Solutions. www.isignmedia.com

© 2021 iSIGN Media Solutions Inc. All Rights Reserved. All other trademarks and trade names are the property of their respective owners.

Company contacts:

Bruce Reilly
iSIGN Media Solutions Inc.
bruce@isignmedia.com

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 accuracy of this release.

FAQ

What led to the resignation of CEO Josip Kozar at iSIGN Media Solutions?

Josip Kozar tendered his resignation, effective February 22, 2021, but specific reasons were not disclosed in the announcement.

Who will take over the CEO role after Josip Kozar's resignation at iSIGN?

The press release did not specify who will succeed Josip Kozar as CEO of iSIGN Media Solutions.

What impact might the CEO resignation have on iSIGN Media Solutions (ISDSF)?

The resignation could create uncertainties regarding strategic continuity and may affect investor confidence in the company's direction.

When did Josip Kozar resign as CEO of iSIGN Media Solutions?

Josip Kozar's resignation was effective February 22, 2021.