iSIGN Media Receives Additional 300 Unit Release from Hi-Tek Media’s Original Purchase Order for 1,000 Units for the Omni Veil Network

Omni Veil Network expanding to 400 Las Vegas locations

TORONTO, Feb. 27, 2020 (GLOBE NEWSWIRE) -- iSIGN Media Solutions Inc. (“iSIGN” or “Company”) (TSX-V: ISD) (OTC: ISDSF), a leading provider of interactive mobile proximity marketing and public security alert solutions, today announced the receipt of a draw down order from Hi-Tek Media’s (“Hi-Tek”) initial 1,000 unit purchase order, for 300 units, as well as ancillary equipment for their Omni Veil Digital Platform (“Omni Veil Network”), with shipment required for the end of March/start of April 2020. 

Once these 300 units are shipped and installed, Hi-Tek’s Omni Veil Network will consist of 400  locations, both mobile and fixed, delivering commercial and security/safety messages to android and iPhone mobile phones as well as other mobile devices throughout Nevada, 24 hours a day, 7 days a week.  The mobile installations include emergency vehicles operated by Quality Towing, a division of United Road Towing Inc.  Licensing revenues generated from these first 400-unit installations are forecasted to total slightly over $1.5 million Canadian, plus the revenue generated by the sale of the required ancillary hardware during the initial 24-month period.

Hi-Tek launched their Omni Veil Network in Nevada as it is their state of residence as well as in recognition that Las Vegas is a major tourist destination receiving over forty-one million visitors annually from around the world.  Their expectation is that the Nevada portion of their Omni Veil Network once complete, will have a minimum of 1,600 mobile and fixed locations.  Brick and mortar locations being targeted include hotels, casinos, medical offices, government agencies, tourist areas, sports stadiums and major retailers.  Licensing revenues forecasted from a 1,600-location network are forecasted to be approximately $6.1 million Canadian, plus the revenue generated by the sale of the required ancillary hardware during the initial 24-month period.

“iSIGN has been working extremely closely with Hi-Tek’s staff to ensure that the initial launch of the Omni Veil Network has been successful”, stated Mr. Alex Romanov, iSIGN’s President.  “The launch of the Omni Veil Network took longer than anticipated due to a number of unforeseen items, such as the use of our PODX hardware, development of apps and their acceptance into the Google and Apple stores, backend reporting improvements.  We believe we are in position to see a great growth in revenue within the coming months as the Omni Veil network is scaled upwards in Nevada and expands into additional states, as well as from the completion of other existing initiatives and other potential opportunities.”