MINNEAPOLIS, MN / ACCESSWIRE / November 28, 2016 / Insignia Systems, Inc. (Nasdaq: ISIG) ("Insignia") announced today that its
Board of Directors has declared a special cash dividend of $0.70 per share, payable on January 6, 2017 to shareholders of record on
December 16, 2016.
Business Comments
"Our Board declared a special cash dividend of $0.70 per share after a thorough review of Insignia's future operating, financial
and strategic plans" stated Kristine Glancy, President and Chief Executive Officer. "The dividend reflects the Board's objective of
establishing an efficient capital structure that is appropriate to Insignia's operations and opportunities and its focus on
creating shareholder value."
About Insignia Systems, Inc.
Insignia Systems, Inc. is a developer and marketer of innovative in-store products, programs and services that help consumer
goods manufacturers and retail partners drive sales at the point of purchase. Insignia provides at-shelf media solutions in
approximately 13,000 retail supermarkets, 1,000 mass merchants and 8,000 dollar stores. With a client list of over 200 major
consumer goods manufacturers, including General Mills, Kraft Heinz Company, Nestlé and P&G, Insignia helps major brands deliver
on their key engagement, promotion, and advertising objectives right at 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 full year and future financial
performance; benefits of sales and marketing investments and IT infrastructure investments; timing of implementation of technology
operating infrastructure; plans to announce strategic framework and financial expectations, establishing an appropriate capital
structure for the Company and ability to sustain and grow core products and launch new 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 sustain and grow core product offerings or
to develop, implement and grow 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 and current sales trends; 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, 2015 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.
Contact:
Insignia Systems, Inc. Kristine Glancy, CEO (763) 392-6200
SOURCE: Insignia Systems, Inc.
