iSIGN Media and DAT Media of Australia Sign LOI for Licensing

iSIGN Media Solutions Inc., a Toronto-based provider of interactive mobile advertising solutions for advertisers, manufacturers, retailers and advertising agencies in North America, and DAT Media, a privately owned and operated full service supplier of digital media products and services in Queensland, Australia, announced that they have signed a non-binding Letter of Intent. Under the terms of the LOI, DAT has agreed to an upfront payment of US$250,000, in exchange for 230 licenses of iSIGN’s Smart Antenna and related Interactive Marketing Solutions 3.1 software, for a period of three years. In addition, DAT will receive exclusive rights to the territories of Australia, New Zealand and Indonesia.