Insignia Systems, Inc. Embarks on Next Chapter in Company’s Evolution

  Insignia Systems, Inc. Embarks on Next Chapter in Company’s Evolution

Business Wire

MINNEAPOLIS -- August 26, 2013

Insignia Systems, Inc. (Nasdaq: ISIG) today commented on the finalization of
several previously announced corporate changes.

In the culmination of its CEO succession plan, the Company appointed Glen P.
Dall as its President and Chief Executive Officer and also elected him as a
member of the Board of Directors, effective July 17, 2013. Scott F. Drill, who
previously served as the Company’s Chief Executive Officer, was appointed
Senior Advisor effective July 17, 2013, and retired from the Board of
Directors effective August 19, 2013. Gordon F. Stofer, who had been the
Chairman of the Board of Directors, retired from the Board effective August
19, 2013. Additionally, Gary L. Vars was appointed to the Board of Directors
effective August 20, 2013 and David J. Boehnen was appointed Chairman of the
Board.

CEO Glen Dall commented, “I want to acknowledge Scott Drill’s and Gordon
Stofer’s significant contributions over the past several years and thank them
for the guidance, perseverance, and leadership they have exhibited during
their tenure with the Company. I can safely say that the Company would not be
as strong as it is today without Scott’s and Gordon’s involvement. I am also
pleased that Gary Vars has joined the Board of Directors. Gary brings a wealth
of industry experience and will be integral in furthering several key
initiatives we are working on corporately.”

Mr. Dall continued, “We now have four straight profitable quarters behind us,
with the third quarter of 2013 looking strong. During the past four quarters,
we have generated revenues of nearly $25 million, and produced EBITDA of
nearly $3 million over that time period. While I am pleased with these
results, we are constantly looking for areas for future growth and planning so
that growth can be achieved in an efficient manner that produces a positive
return for our shareholders. We have a strong management team in place and we
will continue to make strategic hires and other investments in our Company
where needed. As we embark on this next chapter in our Company’s evolution, I
am optimistic about what lies ahead of us and the results that our hard work
will produce.”

About Insignia Systems, Inc.

Insignia Systems, Inc. is a developer and marketer of in-store media
solutions, programs and services to retailers and consumer goods
manufacturers. Through its Point-Of-Purchase Services (POPS) business,
Insignia inspires shoppers and delivers value by providing at-shelf
advertising solutions in an available network of over 13,000 chain retail
supermarkets, over 1,700 mass merchants and 7,000 dollar stores. Through the
nationwide POPS network, over 200 major consumer goods manufacturers,
including General Mills, Kellogg Company, Hormel, Nestlé, and Armour-Eckrich,
have taken their brand messages to 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 and conference call.
Statements made in this press release by the Company or its President and CEO
Glen Dall, regarding, for instance: current expectations as to future
financial performance (including but not limited the third fiscal quarter of
2013 and results for fiscal year 2013); our expectations as to future growth
in an efficient manner, strategic hiring and other investments in the
Company’s business. 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 expand core product offerings or to develop and
implement new product offerings in a successful manner; (iii) the unexpected
loss of a major consumer packaged goods manufacturer relationship or retailer
agreement or loss of our relationship with News America or Valassis; (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, current sales trends for fiscal year 2013; 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, 2012 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.
Glen Dall, CEO, 763-392-6200
 
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