Insignia Systems, Inc. (NASDAQ:ISIG) (“Insignia” or “the Company”) today
announced it hired Timothy J. Halfmann as Chief Sales & Marketing
Officer, effective April 28, 2014. In this newly created position, Mr.
Halfmann will be responsible for overall Company revenue, brand
positioning and strategy, and solving customer challenges.
Mr. Halfmann brings more than 30 years of experience in sales, marketing
strategy and executive leadership. Mr. Halfmann spent the first part of
his career first at News America and Valassis, where he held senior
leadership positions. Since leaving Valassis in 2007, he has led
national sales organizations at Entertainment Promotions, as well as
ePrize, an online provider of games, sweepstakes and loyalty programs.
He joined Insignia in September 2012 as a consultant, leading the
Company’s sales team during Insignia’s turnaround efforts.
Mr. Halfmann commented, “I am proud to be joining Insignia on a
full-time basis and believe the Company is well-positioned for continued
growth. Our industry is in need of fresh ideas that fuel new solutions
for consumers, and I believe our team at Insignia will provide that
innovation. We are focused on continuing to grow our core product
offering, adding retailers to our network and reaching additional
customers. We are committed to launching new products that will benefit
our brands and retailers in a meaningful way.”
Insignia’s President and CEO Glen Dall commented, “We are extremely
pleased to have Tim as our CSMO. Tim has proven experience leading
national sales organizations, and adding someone of Tim’s caliber to our
team speaks to the quality of our Company and our prospects for the
future. He has a deep foundation in CPG marketing services, sales
acumen, and leadership skills that have served our Company well as
demonstrated by our sales growth since 2012. He also brings a passion
for innovation, an energetic personality, and an outlook that adds to
the vision of Insignia. As we further our efforts to bring innovative
solutions to market, having Tim directly leading our sales and marketing
team is very exciting for us."
About Insignia Systems, Inc.
Insignia Systems, Inc. is a developer and marketer of in-store
advertising products, programs and services to retailers and consumer
goods manufacturers. Through its Point-Of-Purchase Services (POPS)
business, Insignia provides at-shelf advertising products in over 13,000
chain retail supermarkets, over 1,900 mass merchants and over 7,000
dollar stores. Through the nationwide POPS network, over 200 major
consumer goods manufacturers, including General Mills, Kellogg Company,
Kraft Foods and Nestlé, have taken their brand messages to the
point-of-purchase. For additional information, contact (888) 474-7677,
or visit the Insignia website at www.insigniasystems.com.
Cautionary Statement for the Purpose of Safe Harbor Provisions of the
Private Securities Litigation Reform Act of 1995
Statements in this press release which are not statements of historical
or current facts are considered forward-looking statements within the
meaning of the safe harbor provisions of the Private Securities
Litigation Reform Act of 1995, as amended. The words “believes,”
“expects,” “anticipates,” “seeks” and similar expressions identify
forward-looking statements. Readers are cautioned not to place undue
reliance on these or any forward-looking statements, which speak only as
of the date of this press release. Statements made in this press release
regarding, for instance: current expectations as to future financial
performance); our ability to continue revenue growth, cost improvements
and to maintain profitability; current sales trends with consumer
packaged goods manufacturers; the expected addition of retailers and the
ability to increase revenue; continued success in our business
relationships; our ability to develop and successfully implement new
products to diversify our business and to increase our retailer access
for these products, are forward-looking statements. These
forward-looking statements are based on current information, which we
have assessed and which by its nature is dynamic and subject to rapid
and even abrupt changes. As such, actual results may differ materially
from the results or performance expressed or implied by such
forward-looking statements. Forward-looking statements involve known and
unknown risks, uncertainties and other factors, including: (i) the risk
that management may be unable to fully or successfully implement its
business plan to achieve and maintain profitability in the future; (ii)
the risk that the Company will not be able to expand core product
offerings or to develop and implement new product offerings in a
successful manner, including our ability to gain retailer acceptance of
new product offerings; (iii) the unexpected loss of a major consumer
packaged goods manufacturer relationship or retailer agreement or
termination of our relationship with News America; (iv) prevailing
market conditions in the in-store advertising industry, including
intense competition for agreements with retailers and consumer packaged
goods manufacturers and the effect of any delayed or cancelled customer
programs; (v) potentially incorrect assumptions by management with
respect to the financial effect of cost containment or reduction
initiatives, current strategic decisions, current sales trends for
fiscal year 2014; and (vi) other economic, business, market, financial,
competitive and/or regulatory factors affecting the Company’s business
generally, including those set forth in our Annual Report on Form
10-K for the year ended December 31, 2013 and additional risks, if any,
identified in our Quarterly Reports on Form 10-Q and our Current Reports
on Forms 8-K filed with the SEC. Such forward-looking statements should
be read in conjunction with the Company's filings with the SEC. The
Company assumes no responsibility to update the forward-looking
statements contained in this press release or the reasons why actual
results would differ from those anticipated in any such forward-looking
statement, other than as required by law.
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