MARKHAM, ON, Oct. 7 /CNW/ - Corbal Capital Corp ("Corbal") (TSX-V: ISD) is pleased to announce that iSign's 20 unit pilot installation at GOME Electrical Appliances Holdings Ltd.'s ("GOME") flagship store in Chang Ling, Shanghai has been successful. GOME and iSign Media Corp ("iSign") are now in discussion for an expansion of the program into additional stores.
"On behalf of iSign, I am pleased that our initial pilot program has exceeded GOME's expectations for our product. We expect that we will be able to successfully conclude negotiations for the phase one expansion of our project, that should see our iSign units installed in 100 stores within the GOME chain of 1,642 stores in China," stated Alex Romanov, Corbal and iSign's President and Chief Executive Officer. "Adding GOME as a client means that iSign will be in the two largest chains of stores in the Asian marketplace, GOME and BEST DENKI of Japan, which will give us a significant increase in visibility in the Asian marketplace."
About Corbal Capital Corp.
Through its wholly owned subsidiary, iSign Media Corp., with offices in Vancouver and Markham, Canada, is an advertising and marketing services provider, specializing in interactive proximity advertising solutions for advertisers and advertising agencies in the global marketplace, through the broadcasting of advertisements to consumers' cell phones via Bluetooth technology.
GOME Electrical Appliances Holdings Ltd. (GOME) is principally engaged in the chain store retailing of electrical appliances and consumer electronic products in China, with its revenues mainly derived from business activities in mainland China. As of December 31, 2008, the Company operated 859 chain stores, including 76 flagship stores, 739 standard stores (including supermarkets) and 44 specialized stores, with stores in 205 first and second-tier cities in China and 151 distribution centers, including 39 in first-tier cities and 112 in second-tier cities. GOME is listed on the HK Stock Exchange (493: HKG), with an annual turnover of HK$ 47 billion (USD6.7b).
This news release may contain forward-looking statements that are based on Corbal's expectations, estimates and projections regarding its business and the economic environment in which it operates. These statements are not guarantees of future performance and involve risks and uncertainties that are difficult to control or predict. Therefore, actual outcomes and results may differ materially from those expressed in these forward-looking statements and readers should not place undue reliance on such statements. Statements speak only as of the date on which they are made, and Corbal undertakes no obligation to update them publicly to reflect new information or the occurrence of future events or circumstances, except as required by law.
Neither 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.
SOURCE CORBAL CAPITAL CORP.
For further information: For further information: Chiriga Derrick, Marketing Director, Corbal Capital Corp/iSign Media Corp., Tel: (905) 530-2405, www.isignmedia.com, Email: email@example.com