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Exhibit 99.1 - Press Release
Signal Advance, Inc. Announces Voluntary Suspension of SEC Reporting Obligations
HOUSTON TX - April 8, 2016 (PRESS RELEASE JET) - Signal Advance, Inc. (OTCBB:
SIGL) today announced its decision to file a Form 15 with the Securities and
Exchange Commission ("SEC") to voluntarily suspend its SEC reporting
obligations. The Company is eligible to suspend the SEC reporting obligations
by filing a Form 15 under Section 12(h) of the Act as it currently has fewer
than 300 shareholders of record. The Company expects the registration of its
common stock will be terminated 90 days after such filing per SEC regulations.
Upon termination, the Company's securities will no longer trade on the OTC
Bulletin Board, however, they may be eligible for quotation on the Pink Sheets.
The Company's Board of Directors considered a number of factors in making this
decision, including the low liquidity of the stock, the ongoing costs of
continuing fulfillment of the reporting obligations and the demands on
management to comply with the reporting requirements. The Company believes that
the time and expense of complying with the reporting obligations outweighs the
benefits received by the Company by continuing to fulfill these obligations.
Management plans to focus its time and resources on fiurther development and
commercialization of its proprietary technology in order to to drive business
performance and shareholder value.
About Signal Advance, Inc.
Signal Advance, Inc., an emerging technology company, has developed and is
commercializing its proprietary technology. This technology acts to temporally-
advance the detection of complex "real-world" analog signals that can represent
a wide variety of physical properties such as pressure, flow, vibration,
temperature, proximity, and bioelectric activity (EKG, EEG, etc.). The time
advance attained could potentially offset or reduce signal detection delays in
a variety of sensors impacting control, intervention or signal transmission
applications. Faster response time translates into improved interventional
outcomes, efficiency, emissions, production yields and targeting accuracy.
Target markets include transportation, energy generation/distribution, defense,
manufacturing, process control, medicine and communications. For more
information, visit www.signaladvance.com.
Cautionary Note Regarding Forward-Looking Statements This press release
contains "forward-looking statements" within the meaning of Section 27A of the
Securities Act of 1933, as amended, and Section 21E of the Securities Exchange
Act of 1934, as amended, and such forward-looking statements are made pursuant
to the safe harbor provisions of the Private Securities Litigation Reform Act
of 1995. You are cautioned that such statements are subject to a multitude of
risks and uncertainties that could cause future circumstances, events or
results to differ materially from those projected in the forward-looking
statements as a result of various factors and other risks, including those set
forth in the Company's filings with the Securities and Exchange Commission.
You should consider these factors in evaluating the forward-looking statements
included herein, and not place undue reliance on such statements. The forward-
ooking statements in this release are made as of the date hereof and the
Company undertakes no obligation to update such statements.
Media Contacts:
Company Name: Signal Advance, Inc.
Name: Chris M. Hymel, Ph.D.
Phone: 713 510 7445
Email: info@signaladvance.com
Website: http://www.signaladvance.com
