June 19, 2017
Montreal, QC – Siyata Mobile Inc. (TSX-V:SIM / PINK:SIMFF) (“Siyata” or the “Company”) is pleased to announce that its recently acquired subsidiary Signifi Mobile and its portfolio of Uniden® cellular boosters posted ~$450,000 top line revenue in June 2016, representing a ~29% increase in sales over May 2016.
The increase in sales resulted from a combination of online marketing efforts, joint promotions with national retailers, and growing custom installation contracts with commercial clients.
Marc Seelenfreund, CEO of Siyata, states, “We are very pleased with the immediate results of our online marketing and joint campaigns with national retailers. It is very clear that when consumers are shown a cost-effective solution for poor cellular coverage, they become buyers of our boosters. Being fully capitalized allows us to expand and grow our revenue very methodically through increased marketing efforts.”
Uniden® cellular boosters have wide retail applications for homes, cabins, and cars, and the industrial quality of the boosters allows the company to target numerous verticals in the industrial and commercial markets. These commercial opportunities are mostly in urban areas where indoor cellular service can be obstructed while underground or when large cement and steel structures interfere with cell phone towers.
The Company firmly believes that this connectivity issue will continue to frustrate current and future generations of users who demand uninterrupted mobile network access. Siyata’s industrial quality cellular boosters solve this dilemma efficiently and cost-effectively in both urban and rural areas, whereas the installation of cell towers can be costly and take considerable time to execute. Siyata Mobile offers custom Uniden® cellular booster solutions and installations for industrial purposes, while the self-installed Uniden® booster products are available at major Canadian and U.S. retailers such as Costco, Best Buy, The Source, and Amazon.
About Siyata
Siyata Mobile Inc. is a leading global developer and provider of innovative cellular communication systems. Siyata’s “Connected-Vehicle” devices and accessories are specifically designed for professional fleets such as trucks, vans, buses, ambulances, government cars and more. Siyata aims to provide greater mobile connectivity for professional drivers and to facilitate replacement of the current in-vehicle, multi-device status quo with a single device that incorporates voice, data, and fleet management solutions.
Through its newly acquired subsidiary Signifi Mobile, Siyata also markets and sells Uniden® cellular signal boosters and accessories across Canada and the United States. Siyata’s customers include cellular operators, commercial vehicle technology distributors, and fleets of all sizes in Canada, the US, Europe, Australia, and the Middle East.
Visit www.siyatamobile.com to learn more.
On Behalf of the Board of Directors of:
SIYATA MOBILE INC.
Marc Seelenfreund
CEO
Investor Relations:
Arlen Hansen
Kin Communications
1-866-684-6730
SIM@kincommunications.com
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
This news release may include forward-looking statements that are subject to risks and uncertainties. All statements within, other than statements of historical fact, are to be considered forward looking. Although the Company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results or developments may differ materially from those in forward-looking statements. Factors that could cause actual results to differ materially from those in forward-looking statements include market prices, continued availability of capital and financing, and general economic, market or business conditions. There can be no assurances that such statements will prove accurate and, therefore, readers are advised to rely on their own evaluation of such uncertainties. We do not assume any obligation to update any forward-looking statements except as required under the applicable laws.
