TSXV:ISD.H - Post by User
Post by
invest$$$$on Nov 27, 2012 6:48am
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Post# 20647313
News OUT!
News OUT!
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iSign Media licenses its technology to Graphic Media
2012-11-27 06:37 ET - News Release
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Mr. Alex Romanov reports
ISIGN MEDIA ANNOUNCE AN EXCLUSIVE DISTRIBUTION AGREEMENT WITH GRAPHICMEDIA AND LOI WITH KEYSER INDUSTRIES
iSign Media Solutions Inc. and GraphicMedia Inc. has signed an exclusive distribution agreement.
Graphic is appointed as iSign's exclusive distributor throughout North, Central and South America and in any other global locations arising from the needs of their customers through existing reseller agreements. The Agreement is for a five year period subject to minimum performance/revenue, renewable for an additional five years.
Graphic has been working with iSign and is in negotiations with several major end users for iSign's Smart Antennas and related software. As part of the Agreement, Graphic has signed an initial purchase order for $3 million, representing 6,000 Smart Antennas to be delivered within the next six months.
Concurrently, and in cooperation with Graphic, iSign has signed an LOI with the Keyser Industries ("Keyser") for exclusive rights to the installation and deployment of iSign's Smart Antenna hardware and Interactive Marketing Solution Software. A definitive agreement is expected to be completed within the next three (3) weeks.
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