Insignia Systems, Inc. (Nasdaq:ISIG) (“Insignia” or “the Company”) today
announced that it has secured continued access in all retailers that it
had previously served under the Company’s Retail Access and Distribution
Agreement with Valassis In-Store Solutions (“Valassis”). As previously
announced, the agreement between Insignia and Valassis terminated
effective August 11, 2014.
Insignia’s President and CEO Glen Dall commented, “I want to
congratulate our team in achieving this important milestone. Direct
relationships with retailers offers us a number of advantages, including
the potential for higher revenues and margins, stronger product and
service control, and greater communication with our retail partners.
Moreover, we now have the ability to quickly and efficiently introduce
new innovative solutions to our retailers designed to inspire shoppers
and provide significant ROI to our CPG clients.”
Mr. Dall continued, “Our recently expanded retail distribution team
has also focused on adding incremental grocery retailers to the Insignia
network. These efforts have resulted in the addition of over 300 new
grocery retail stores being added into our available distribution
network since the beginning of the year, increasing our total grocery
retail network under direct contract to more than 8,700 stores. Our
multi-pronged growth strategy also involves increasing our geographic
footprint, expanding our retail network more fully beyond grocery, as
well as the introduction of new innovative products and solutions which
will allow our growing list of CPG customers to reach a larger and more
diversified pool of consumers.”
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
approximately 13,000 chain retail supermarkets, 2,000 mass merchants and
8,000 dollar stores. Through the nationwide POPS network, major consumer
goods manufacturers take their brand messages to the point-of-purchase
in Insignia’s available retail network. 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 or the subsequent conference call 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 and
conference call. Statements made in this press release (or during the
conference call referred to herein) by the Company’s management team,
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 stability of our business
relationship with News America; 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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