iSIGN Media Announces a Convertible Promissory Note

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iSIGN Media Solutions Inc. a leading provider of interactive mobile
advertising solutions that serves advertisers, manufacturers, retailers
and advertising agencies throughout North America, today announced that
it intends to complete a financing by way of private placement of a
unsecured convertible promissory note (the “Note”), for aggregate gross
proceeds of $360,000.

The Note will have a term of twelve months and will accrue interest at a rate of 10% per annum, payable upon maturity.

The principal amount and all accrued and unpaid interest then
outstanding under the Note can, at the option of the Note holder, be
converted into units of the Company (the “Units”) at a price equal to
$0.21 per Unit. Each Unit shall be comprised of one common share of the
Company (a “Unit Share”) and one common share purchase warrant (a
“Warrant”). Each Warrant shall be exercisable to acquire one common
share of the Company (a “Warrant Share”) for a period of two years
following the date of issuance of the Warrant at an exercise price of
$0.32 per Warrant Share. The Unit Shares and Warrants (and, if
applicable, the Warrant Shares) will be subject to a minimum hold period
of 4 months from the date of issue of the Notes.

The Company anticipates closing the private placement as soon
as practicable, subject to receipt of all necessary regulatory
approvals, including the approval of the TSX Venture Exchange. The
proceeds from the sale of the Notes will be used for general working
capital.

The Note holder, 1454602 Ontario Inc. is wholly owned by Enat
Inc and Kozar Homes Inc. that are controlled by two individuals who are
deemed to be “related parties”, as such term is defined in Multilateral
Instrument 61-101 Protection of Minority Security Holders in Special Transactions
(“MI 61-101”), of iSIGN, holding approximately 13.3% and 5.6% of the
issued and outstanding common shares of the Company. As such, the
issuance of Notes is a “related party transaction” for the Company. For
this transaction, the Company has relied on the exemption from the
formal valuation requirements of MI 61-101 contained in section 5.5(a)
of MI 61-101 and has relied on the exemption from the minority
shareholder approval requirements of MI 61-101 contained in section
5.7(a) of MI 61-101.

The securities described herein have not been and will not be registered under the U.S. Securities Act of 1933,
as amended, or any state securities laws and may not be offered or sold
in the United States absent registration or an applicable exemption
from those registration requirements. This press release does not
constitute an offer to sell or the solicitation of an offer to buy any
securities nor shall there by any sale of the securities in any
jurisdiction in which such offer, solicitation or sale would be
unlawful.

About iSIGN Media

iSIGN Media, based in Toronto, 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. Creators of the
Smart suite of products, a patented interactive proximity marketing
technology, iSIGN enables brands to deliver targeted messaging,
personalized offers and loyalty perks to consumers’ mobile devices in
proximity and with real-time proof of redemption. iSIGN’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. iSIGN
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. Proven to increase brand engagement and customer loyalty,
iSIGN generates preference-based, predictive “clean data” without
compromising consumer privacy. Partners include: IBM, Keyser Retail
Solutions, Baylor University, Verizon Wireless, TELUS and AOpen America
Inc., with solution distribution by Graphic Media, Inc.

Forward-Looking Statements

This news release may include certain forward-looking
statements that are based upon current expectations, which involve risks
and uncertainties associated with iSIGN Media’s business and the
environment in which the business operates. Any statements contained
herein that are not statements of historical facts may be deemed to be
forward-looking, including those identified by the expressions
“anticipate”, “believe”, “plan”, “estimate”, “expect”, “intend” and
similar expressions to the extent they relate to the Company or its
management. The forward-looking statements are not historical facts, but
reflect iSIGN Media’s current expectations regarding future results or
events. These forward-looking statements are subject to a number of
risks and uncertainties that could cause actual results or events to
differ materially from current expectations. iSIGN Media assumes no
obligation to update the forward-looking statements, or to update the
reasons why actual results could differ from those reflected in the
forward-looking statements.

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