Insignia Systems, Inc. Announces New Board Appointment

Insignia Systems, Inc. (Nasdaq: ISIG) (“Insignia” or “the Company”) announced today that Nicholas J. Swenson has been appointed as an independent member of the Board of Directors of the Company, effective immediately. With the addition of Mr. Swenson, the Company's Board will initially expand from six to seven directors, six of whom will be independent. An additional director will be elected once Air T, Inc. (Nasdaq: AIRT), the Company's largest shareholder, provides a proposed candidate and the Board approves his or her election, which is expected to occur by December 1, 2014. Mr. Swenson will also serve on the Board's Nominating and Corporate Governance, and Compensation Committees and on the newly-formed Capital Allocation Committee. In connection with his appointment to the Company's Board of Directors, Mr. Swenson has entered into an agreement with the Company whereby he, as well as Air T, Groveland Capital, LLC, Groveland Hedged Credit Fund, LLC and their respective affiliates, have agreed to vote their shares in favor of all of the Board's director nominees at the 2015 annual meeting, which will include Mr. Swenson, the additional director expected to be elected during November 2014, and five other nominees, and abide by certain standstill provisions during Mr. Swenson's time of service on the Board. Mr. Swenson is the Chief Executive Officer of AIRT, as well as Managing Member of Groveland Capital, LLC and Groveland Hedged Credit Fund, LLC. Mr. Swenson is a businessperson, investor and research analyst. He also currently serves as Chairman of the Board of Pro-Dex (Nasdaq: PDEX) and has been on PDEX's Board of Directors since August 2012. Mr. Swenson serves as a director of several private companies as well. Insignia's President, CEO and Board member, Glen Dall commented, “We are pleased to welcome Nick to Insignia's Board, and look forward to his contributions. Nick brings to the Board years of experience as a financial analyst and investment manager. He also has public company senior-level management, operating and board experience.”