|By Marketwired .||
|December 30, 2013 09:59 AM EST||
TORONTO, ONTARIO -- (Marketwired) -- 12/30/13 -- iSIGN Media Solutions Inc. ("iSIGN" or "Company") (TSX VENTURE: ISD)(OTCQX: ISDSF), a leading provider of interactive mobile advertising solutions that serves advertisers, manufacturers, retailers and advertising agencies throughout North America, is pleased to announce that it has released its financial results for the three and six month periods ended October 31, 2013. A copy of the complete unaudited financial statements and Management's Discussion and Analysis are available on SEDAR at www.sedar.com, as well as on www.otcmarkets.com and the Company's website.
The total revenues for the Company for the three month period ended October 31, 2013 grew 58.3% from the prior year. For the six month period ended October 31, 2013 total revenues grew 39.6% from the prior year.
Revenue for the quarter ended October 31, 2013 was $233,524 compared to $147,520 from the prior year. Revenue for the six month period ended October 31, 2013 was $402,422 compared to $288,375 from the prior year. The increase is revenue is related to the advertising revenue generated by the Company's digital signage networks.
Net loss for the three month period ended October 31, 2013 was $725,429 compared to $1,482,556. For the six month period ended October 31, 2013, the net loss was $1,667,556 compared to $2,554,739 from the prior year.
The decrease in the net loss is partially the result of last year's impairment of goodwill or $567,549 combined with decreases in depreciation and amortization and non-capital research and development costs
iSIGN's management and its newly elected Board are committed to improving the Company's financials as well as growing the Company.
About iSIGN Media
Since 2007, iSIGN has been developing multiplatform advertising and marketing solutions for brands to better attract, engage and retain customers through their mobile devices. The data and SaaS (software as a service) company collects and analyzes shopper preferences so that brands can deliver targeted messaging and personalized offers to consumers' mobile devices, in-location and in real-time. The company's interactive proximity-marketing technology is capable of gathering average price points, typical purchases, in-store dwell times and other shopper metrics to deliver business intelligence and insights into emerging consumer behaviors that can help brands make better business decisions and measure their marketing efforts. Utilizing Bluetooth and Wi-Fi, and location-aware technologies to deliver relevant and timely messaging to any screen or mobile device, iSIGN delivers rich media, permission-based messages free to consumers that can drive immediate brand engagement, increased customer loyalty and deliver higher ROI on marketing dollars spent. Headquartered in Richmond Hill, Ontario, with R&D and customer support operations in Vancouver, BC and Tampa, FL, the Company has also grown to become the largest owner/operator of in-store digital media in Canada with 5,600 digital signs in about 1,400 locations. Partners include: IBM, Keyser Retail Solutions, Baylor University, Verizon Wireless, TELUS and AOpen America Inc., with solution distribution by GraphicMedia, Inc. and BlueStar Inc. www.isignmedia.com.
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.
© 2013 iSIGN Media Solutions Inc. All Rights Reserved. All other trademarks and trade names are the property of their respective owners.
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 or accuracy of this release.