BNET Industries

Insignia Systems Inc.

Market Cap:$70.1M
Last Fiscal Year Sales:$31.4M
  • Public
  • US
Dow Jones Description

Insignia Systems, Inc., (the Company) markets in-store advertising products, programs and services to retailers and consumer packaged goods manufacturers. The Company has been in business since 1990. Since 1998, the Company has been focusing on providing in-store services through the Insignia Point-Of-Purchase Services (POPS) in-store advertising program. Insignia POPS ® includes the Insignia POPSign ® program. Insignias POPSign is a national, account-specific, in-store, shelf-edge advertising program that has been shown to deliver significant sales increases. Funded by consumer packaged goods manufacturers, the program allows manufacturers to deliver vital product information to consumers at the point-of-purchase. The brand information is combined with each retailers store-specific prices and is displayed on the retailers unique sign format. The combining of manufacturer and retailer information produces a complete call to action that gets consumers the information they want and need to make purchasing decisions, while building store and brand equity. For retailers, Insignias POPSign program is a source of incremental revenue and is the first in-store advertising program that delivers a complete call to action on a product-specific and store-specific basis, with all participating retail stores updated weekly. ...

President, Chief Executive Officer, Secretary and Director
Scott Drill
Number of Employees 114
Contact Information

8799 Brooklyn Blvd

Minneapolis, Minnesota 55445

insigniasystems...

(763) 392-6200

NAICS Code Other Commercial Equipment Merchant Wholesalers: 423440

Recent Events

  • Insignia Systems, Inc. Reports Third Quarter Net Income of $986,000 on POPS Revenue of $7,485,000

    10/29/09 - Financial Announcement - View Story

News & Analysis

insignia systems inc. and network - All News and Analysis

Decision Makers

Name (plus bio) Position
Scott Drill President, Chief Executive Officer, Secretary and Director
Denni Lester CFO, Vice President, Finance, Treasurer & Secretary
Justin W. Shireman Vice President Finance and Cfo
A Thomas Lucas Senior Vice President, Operations
Alan Jones Senior Vice President Cpg & Retail Sales
Scott Simcox Senior Vice President, Marketing Services
A. Thomas Lucas Vice President, Operations
John R. Whisnant Secretary & Vice President, Admin
Thomas Wilkolak Executive Vice President & General Manager, POPS Division
Gary L. Vars Employee and Executive Officer of the Company
Robert Ramsdell Director

Board of Directors

Name (plus bio) Position
Donald J. Kramer Chairman of the Board and Director
Gordon F. Stofer Board of Directors
Grant Thornton Board of Directors
Peter V. Derycz Board of Directors
Reid Macdonald Board of Directors

Scott F. Drill has been President and Chief Executive Officer of the Company since February 24, 1998. From 1996 to December 2002, he was also a partner in Minnesota Management Partners (MMP), a venture capital firm located in Minneapolis, Minnesota. Mr. Drill co-founded Varitronic Systems, Inc. in 1983, and was its President and CEO until it was sold in 1996. Prior to starting Varitronics, Mr. Drill held senior management positions in sales and marketing at Conklin Company and Kroy, Inc.

Organization Position Status
Insignia Systems, Inc. President, Chief Executive Officer, Secretary and Director Current
Insignia Systems, Inc. Board of Directors Current

Organization Position Status
Insignia Systems, Inc. CFO, Vice President, Finance, Treasurer & Secretary Current

Justin W. Shireman has been Vice President of Finance, Chief Financial Officer and Treasurer since April 2005. From April 2003 to March 2005, he was the Company s Controller. From 2000 to 2002, he was the Controller for Learningbyte International, Inc., a developer of e-learning solutions. From 1994 to 2000 Mr. Shireman held several positions, including Controller and Director of Finance, with LecTec Corporation, a medical device manufacturer.

Organization Position Status
Insignia Systems, Inc. Vice President Finance and Cfo Current
Insignia Systems, Inc. Board of Directors Current
Insignia Systems, Inc. Controller Former

Thomas Lucas has been Vice President of Operations since August, 2004. Mr. Lucas has been with the Company since 1992. From 1998 to 2004 he was Vice President of Operations, POPS Division, and from 1992 to 1998 he was Manager and Director of Customer Services. Prior to 1992, Mr. Lucas held a variety of management and leadership positions within the United States Air Force and the Joint Chiefs of Staff.

Organization Position Status
Insignia Systems, Inc. Senior Vice President, Operations Current
Insignia Systems, Inc. Vice President, Operations Former

Organization Position Status
Insignia Systems, Inc. Senior Vice President Cpg & Retail Sales Current

Scott J. Simcox has been Senior Vice President of Marketing Services since August 2006. Mr. Simcox has been with the Company since inception in January 1990, initially as Director of Business Development until May 1991 and then as Director of Marketing until July 1998. From July 1998 to July 2006, he was the Company s Vice President of Marketing, POPS Division. From August 1988 through December 1989, Mr. Simcox was with Varitronic Systems in various sales and marketing roles. From 1978 to 1988 Mr. Simcox held several marketing and senior management positions at Conklin Company including Vice President of Marketing.

Organization Position Status
Insignia Systems, Inc. Senior Vice President, Marketing Services Current

Organization Position Status
Insignia Systems, Inc. Vice President, Operations Current

Organization Position Status
Insignia Systems, Inc. Secretary & Vice President, Admin Current

Organization Position Status
Insignia Systems, Inc. Executive Vice President & General Manager, POPS Division Current

Organization Position Status
Insignia Systems, Inc. Employee and Executive Officer of the Company Current
Insignia Systems, Inc. Board of Directors Former

Organization Position Status
Insignia Systems, Inc. Chairman of the Board and Director Current
Micro Component Technology Inc. Director Current
AH Ventures Board of Directors Current
TA Associates, Inc. deal partner Former
TA Associates, Inc. company director Former
Boston University MBA Former
Northeastern University Bachelor's In Business Administration Former

Organization Position Status
Insignia Systems, Inc. Board of Directors Current

Organization Position Status
Insignia Systems, Inc. Board of Directors Current

Organization Position Status
Derycz Scientific Inc Chairman & CEO Current
Derycz Scientific Inc President Current
Derycz Scientific Inc Partner Current
Insignia Systems, Inc. Board of Directors Current

Reid V. MacDonald, nominee for election as a director, has been President and CEO of Faribault Foods, Inc. since 1982, and served in other capacities with Faribault Foods, Inc. since 1974. Faribault Foods, Inc. is a privately held processor and marketer of canned specialty products. Mr. MacDonald has served on numerous public and private company and non-profit boards over the course of his career, and is the outgoing Chairman of the Food Processors Association, and is on the Board and Executive Committee of the Grocery Manufacturer s Association.

Organization Position Status
Faribault Foods Inc. CEO Current
Faribault Foods Inc. President Current
Insignia Systems, Inc. Board of Directors Current

Organization Position Status
Insignia Systems, Inc. Director Current
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     ISIG $4.63 +0.08 (1.76% )
Intraday | 3 Month | 6 Month | 1 Year
Average Volume 14,494
Shares Outstanding 15.16M
Market Cap 70.2M
Year High 4.73
Year Low 0.72
Earnings Per Share 0.02
P/E Ratio 231.50
Dividend N/A
Yield N/A
IndustryTop Rated
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