iSIGN Media Solutions Inc (OTCMKTS:ISDSF) shares were flat at $0.0898 on Wednesday and unchanged in after-hours trading. Share prices have been trading in a 52-week range of $0.06 to $0.13. The company has a market cap of $9.76M at 108.39M shares outstanding.
In a press release this week, iSIGN Media Solutions Inc announced that it will be restructuring senior management. Effective March 1, 2017, Joe Kozar, a major shareholder in iSIGN, will be taking on the role of Interim Chief Executive Officer. Alex Romanov, the Company’s former Chief Executive Officer, will be undertaking the role of Vice President, Sales and Operations and will retain his Board position. These appointments are for an interim period of six months, at which time the Board may elect to extend either of these appointments or appoint new executives to these roles.
“This change is being implement by the Board in order to allow Alex to fully concentrate upon sales and revenues,” stated Mr. Joe Kozar, the company’s Interim Chief Executive Officer. “With the recent sales of Smart Antennas to our resellers, We Build Apps, LLC and Rich Multimedia Technologies, Inc, it was mutually agreed that iSIGN would best be served by having Alex concentrate his efforts on the sales function.”
“I look forward to working with Joe and will support him fully as he undertakes the Chief Executive Officer role and challenges at this pivotal time in iSIGN,” stated Mr. Alex Romanov, iSIGN’s Vice President, Sales and Operations.
Aside from that, iSIGN Media Solutions Inc shared that Mr. Prakash Shukla has resigned from the Company’s Board of Directors, effective January 23, 2017 due to increased work-related schedule. He is expected to have extensive travel outside of North America, thus negatively impacting his ability to devote time to iSIGN Media Solutions Inc.
iSIGN Media Solutions Inc is based in Toronto. It is a data-focused, software-as-a-service (SaaS) company that is a pioneering leader in gathering point-of-sale data and mobile shopper preferences to generate actionable data and reveal valuable consumer insights. It created the Smart suite of products, a patented interactive proximity marketing technology, enabling brands to deliver targeted messaging, personalized offers and loyalty perks to consumers’ mobile devices in proximity and with real-time proof of redemption.
The company’s data gathering capabilities provide analytics on price points, typical purchases, in-store dwell time and other shopper metrics that identify emerging consumer behaviors. These insights enable smarter business decisions and provide increased ROI metrics for more transparent marketing. It delivers relevant, timely messages on an opt-in basis at no charge to consumers, transmitting rich media to consumer mobile devices via Bluetooth and WiFi connectivity in complete privacy as opposed to iBeacons, apps, downloads and required surrendering of personal information. Partners include: IBM, Keyser Retail Solutions, Baylor University, Verizon Wireless, TELUS and AOpen America Inc.