iSIGN Reports First Quarter 2016 Results

REDWOOD SHORES, CA, May 16, 2016 – iSign Solutions Inc. (“iSIGN”) (OTCQB: ISGN), a leading supplier of electronic signature and other software solutions enabling secure, cost-effective and paperless  management  of  contracts  and  other  document-based  transactions,  today  reported revenue of $276,000 for the three months ended March 31, 2016, a decrease of $170,000, or 38%, compared to revenue of $446,000 for the prior year.

“These results reflect our ongoing efforts to transition from our historic revenue model of selling one-time,  up-front,  perpetual  licenses to the current focus  on transaction-based,  recurring revenue,”  said  Philip  Sassower,  co-chairman  and  chief  executive  officer  for  iSIGN.  “We  are committed to a software partner integration strategy and our aim to become the leading white label provider of electronic signature and digital transaction management solutions. We believe that  this  ‘wholesale’ approach  to  the  market  is  timely, as  acceptance  of  e-signature  is accelerating. It also leverages the strength of our enterprise solutions and our comparatively low selling and cloud infrastructure costs. We expect this transition to continue during the balance of 2016 as several key partners under contract with iSIGN move into production and customer roll out.”

For  the  quarter ended  March 31,  2016,  operating  expenses  were  $1,420,000,  a decrease  of $44,000, or 3%, compared to operating expenses of $1,464,000 in the prior year. This decrease primarily was  due to  lower  headcount  in  both  engineering  and  sales  and marketing,  offset  by certain charges related to our attempted public offering in February.

For  the quarter ended March 31, 2016,  the net loss attributable  to common  stockholders was $2,431,000,  an increase  of  $171,000,  or  8%,  compared  to  a  net  loss  attributable  to  common stockholders  of  $2,260,000  in  the  prior  year.  This  increase  primarily  was  due  to  a  $126,000 increase in loss from operations, resulting from the above mentioned decrease in revenue offset by a decrease in operating expenses, a $217,000 increase in interest expense and amortization of  debt  discount,  and a  $124,000  increase  in preferred  stock  dividend  expense,  offset  by  a $282,000 decrease in accretion of beneficial conversion feature.

Additional financial information regarding iSIGN’s operating results for the three months ended March 31, 2016, will be available in the Company’s Annual Report on Form 10-Q that will be filed with the Securities and Exchange Commission and available at www.sec.gov.

ABOUT iSIGN
iSIGN (formerly known as Communication Intelligence Corporation or CIC) is a leading provider of digital  transaction  management  (DTM)  software  enabling  fully  digital  (paperless)  business processes.  iSIGN’s  solutions  encompass  a  wide  array  of  functionality  and  services,  including electronic  signatures,  simple-to-complex  workflow  management and  various  options  for biometric  authentication.  These  solutions  are  available  across  virtually  all  enterprise,  desktop and mobile environments as a seamlessly integrated software platform for both ad-hoc and fully automated  transactions. iSIGN’s software platform  can  be  deployed  both  on-premise and as a cloud-based  service, with  the ability  to  easily  transition  between  deployment  models. iSIGN is headquartered  in  Silicon  Valley.  For  more  information,  please  visit  our  website  at www.isignnow.com. iSIGN’s logo is a trademark of iSIGN. 

FORWARD LOOKING STATEMENTS
Certain  statements  contained  in  this  press  release,  including  without  limitation,  statements containing the words “believes”, “anticipates”, “hopes”, “intends”, “expects”, and other words of similar  import,  constitute  “forward  looking”  statements  within  the  meaning  of  the  Private Litigation  Reform Act  of  1995. Such  statements involve known and  unknown  risks,  uncertainties and  other factors,  which  may  cause  actual  events  to  differ  materially from  expectations.    Such factors include the following (1) technological, engineering, quality control or other circumstances which  could  delay  the  sale  or  shipment  of  products  containing  the  company’s  technology;  (2) economic, business, market and competitive conditions in the software industry and technological innovations which could affect customer purchases of the company’s solutions; (3) the company’s inability to protect its trade secrets or other proprietary rights, operate without infringing upon the proprietary  rights  of  others  or  prevent  others  from  infringing  on  the  proprietary  rights  of  the company; and (4) general economic and business conditions.

Contact Information:
iSIGN
Investor Relations and Media Inquiries:
Andrea Goren
+1.650.802.7723
agoren@isignnow.com