Post by
TimSanders on Oct 02, 2022 10:54pm
Ongoing scandals
iSIGN expects that the revenue increase from the installation of the first 1,500 Smart Antennas into selected locations, forecasted as approximately $3.6 million for fiscal 2016 from unit sales, data management and monthly licensing, will result in a 20% increase in profitability with the purchase of Graphic. iSIGN also anticipates that this increased level of efficiency and profitability will continue to increase over the expected total of 4,000 unit installations in fiscal 2016, with an anticipated revenue level of approximately $6.1 million from unit sales, data management and monthly licensing. In addition the acquisition of 100% of Engage and Graphic will result in iSIGN's gaining the full advertising revenues paid by brands and advertisers as well as 100% of data revenue. The advertising revenue is currently under final negotiation and will be in addition to the previously mentioned data management, monthly licensing revenue and unit sales. The Company would further benefit from improved lines of communications with and access to brands, advertisers and all current and expected National Mobile Network installations, as well as streamlined reporting processes. This anticipated purchase of all assets and contracts of Graphic and Engage will be no more than10 million iSIGN common shares. All parties are mutually looking forward to working together and completing this transaction as quickly as possible. Our original expectation was to complete the transaction by early June. With the expansion of this acquisition to 100% of Engage, we now expect to complete negotiations by mid-June. The acquisition is subject to executing a legally binding purchase agreement and obtaining TSX Venture Exchange approval.