TORONTO, March 1, 2017 /CNW/ - iSIGN Media Solutions Inc. ("iSIGN" or "Company") (TSX-V: ISD) (OTC: ISDSF), a leading provider of interactive mobile advertising solutions that serves brands, commercial locations, retailers and service providers throughout North America, today announced a restructuring of its senior management.
Effective March 1, 2017, Joe Kozar, a major shareholder in iSIGN, will be taking on the role of Interim Chief Executive Officer. Alex Romanov, the Company's former Chief Executive Officer, will be undertaking the role of Vice President, Sales and Operations and will retain his Board position.
"This change is being implement by the Board in order to allow Alex to fully concentrate upon sales and revenues," stated Mr. Joe Kozar, iSIGN's Interim Chief Executive Officer. "With the recent sales of Smart Antennas to our resellers, We Build Apps, LLC and Rich Multimedia Technologies, Inc, it was mutually agreed that iSIGN would best be served by having Alex concentrate his efforts on the sales function."
"I look forward to working with Joe and will support him fully as he undertakes the Chief Executive Officer role and challenges at this pivotal time in iSIGN," stated Mr. Alex Romanov, iSIGN's Vice President, Sales and Operations.
These appointments are for an interim period of six months, at which time the Board may elect to extend either of these appointments or appoint new executives to these roles.
Mr. Kozar's background is in the tech field. He has been and is involved with a number of high tech companies covering a broad range of solutions. His educational background is in the engineering field with a main focus on electronic design. At the present time he sits on several boards and is involved with venture capital investing.
In addition, the Company is announcing that Mr. Prakash Shukla has resigned from the Company's Board of Directors, effective January 23, 2017. Mr. Shukla's resignation is due to an increased work-related schedule, with extensive travel outside of North America, thus negatively impacting his ability to devote time to iSIGN.
About iSIGN Media
iSIGN Media, based in Toronto, is a data-focused, software-as-a-service (SaaS) company that is a pioneering leader in gathering point-of-sale data and mobile shopper preferences to generate actionable data and reveal valuable consumer insights. Creators of the Smart suite of products, a patented interactive proximity marketing technology, iSIGN enables brands to deliver targeted messaging, personalized offers and loyalty perks to consumers' mobile devices in proximity and with real-time proof of redemption. iSIGN's data gathering capabilities provide analytics on price points, typical purchases, in-store dwell time and other shopper metrics that identify emerging consumer behaviors. These insights enable smarter business decisions and provide increased ROI metrics for more transparent marketing. iSIGN delivers relevant, timely messages on an opt-in basis at no charge to consumers, transmitting rich media to consumer mobile devices via Bluetooth® and WiFi connectivity in complete privacy as opposed to iBeacons, apps, downloads and required surrendering of personal information. Proven to increase brand engagement and customer loyalty, iSIGN generates preference-based, predictive "clean data" without compromising consumer privacy. Partners include: IBM, Keyser Retail Solutions, Baylor University, Verizon Wireless, TELUS and AOpen America 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.
© 2017 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.
SOURCE iSIGN Media Solutions Inc, Joe Kozar Chief Executive Officer
For further information: Investor contacts: Joe Kozar, iSIGN Media, [email protected]