EXHIBIT 99.1FOR IMMEDIATE RELEASE

Contact:  Scott Drill, President and CEO
(763) 392-6200; (800) 874-4648




Insignia Systems, Inc. Reports Record Third Quarter POPS Revenue;

An Increase of 39.9%; Fourth Quarter Revenue Outlook Strong;



MINNEAPOLISOctober 29, 2008 Insignia Systems, Inc. (Nasdaq: ISIG) today reported net sales of $8,597,000 for the third quarter ended September 30, 2008, an increase of 33.1%, compared to net sales of $6,461,000 for the third quarter of 2007.  The net loss for the third quarter of 2008 was $(254,000) or $(0.02) per share (basic and fully diluted), compared to a net loss of $(907,000), or $(0.06) per share (basic and fully diluted), for the third quarter of 2007. Insignia Point-of-Purchase Services®(POPS) revenue for the third quarter of 2008 was $7,999,000, an increase of  39.9%, compared to third quarter 2007 POPS revenue of $5,718,000.



For the nine months ended September 30, 2008, net sales were
$22,738,000, an increase of 16.6%, compared to net sales of $19,495,000 for the
first nine months of 2007. The net loss for the first nine months of 2008 was
$(84,000) or $(0.01) per share (basic and fully diluted), compared to a net
income of $718,000, or $0.05 per basic share ($0.04 per fully diluted share) for
the same period of 2007. Insignia POPS revenue for the first nine months of 2008
was $20,830,000, an increase of 20.5%, compared to POPS revenue of $17,281,000
for the first nine months of 2007.



CEO Scott Drill commented, Our record
third quarter POPS revenue was offset by record legal expense for the third
quarter of $1,526,000. We continue to be optimistic about our case in the News
America litigation which now is scheduled to be trial ready May 1, 2009. Our
POPS business is strong in that we have POPS customer orders of approximately
$7,000,000 for the fourth quarter of 2008 with roughly four weeks of selling
time left. Cash at September 30, 2008 was $8,336,000.





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October 29, 2008

        Insignia Systems, Inc. Reports Third Quarter Results

        Page 2






Conference Call

The Company will host a conference call today, October 29, at 4:00 p.m. Central Time. To access the live call, dial 877-681-3376. The conference code is 1370024. Please be sure to dial in about 5-10 minutes prior to the scheduled start time. Audio replay will be available approximately three hours after the call for 10 days. To access the replay, dial 888-203-1112 and reference the passcode 1370024.



Insignia Systems, Inc. is an innovative developer and marketer of in-store advertising products, programs and services to retailers and consumer goods manufacturers. Through its Point-Of-Purchase Services (POPS) business, Insignia is contracted with more than 10,200 chain retail supermarkets and drug stores, including A&P, Kroger and Safeway. Through the nationwide POPS network, over 200 major consumer goods manufacturers, including General Mills, Reckitt Benckiser, Kellogg Company, Nestlé, Pfizer and Tyson Foods, have taken their brand messages to the point-of-purchase. For additional information, contact (888) 474-7677, or visit the Insignia website at www.insigniasystems.com.



Except for the historical information contained herein, the matters discussed in this news release are forward-looking statements. The Companys actual results could differ materially from these forward-looking statements as a result of a number of factors, including risks and uncertainties as described in the Companys SEC Form 10-K for the year ended December 31, 2007 and other recent filings with the Securities and Exchange Commission. The Company wishes to caution readers not to place undue reliance upon any such forward-looking statements, which speak only as of the date made.



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October 29, 2008

        Insignia Systems, Inc. Reports Third Quarter Results

        Page 3




Insignia Systems, Inc.

STATEMENTS OF OPERATIONS

(Unaudited)



Three Months EndedSeptember 30,

        

        Nine Months EndedSeptember 30,2008

        

        2007

        

        2008

        

        2007Net Sales

        

        $

        8,597,000

        

        $

        6,461,000

        

        $

        22,738,000

        

        $

        19,495,000Cost of Sales

        

        

        4,098,000

        

        

        2,853,000

        

        

        10,411,000

        

        

        8,369,000Gross Profit

        

        

        4,499,000

        

        

        3,608,000

        

        

        12,327,000

        

        

        11,126,000Operating Expenses:Selling

        

        

        2,561,000

        

        

        1,400,000

        

        

        5,878,000

        

        

        4,295,000Marketing

        

        

        451,000

        

        

        357,000

        

        

        1,211,000

        

        

        1,052,000Warrant expense (sales & marketing)

        

        

        -

        

        

        1,521,000

        (1)

        

        -

        

        

        1,521,000

        (1)General & administrative

        

        

        1,992,000

        

        

        1,245,000

        

        

        5,457,000

        

        

        3,569,000Operating Income (Loss)

        

        

        (505,000

        )

        

        (915,000

        )

        

        (219,000

        )

        

        689,000Other Income

        

        

        44,000

        

        

        52,000

        

        

        135,000

        

        

        89,000Income (Loss) before Taxes

        

        

        (461,000

        )

        

        (863,000

        )

        

        (84,000

        )

        

        778,000Income Taxes

        

        

        (207,000

        )

        

        44,000

        

        

        -

        

        

        60,000Net Income (Loss)

        

        $

        (254,000

        )

        $

        (907,000

        )

        $

        (84,000

        )

        $

        718,000Net Income (Loss) Per ShareBasic

        

        $

        (0.02

        )

        $

        (0.06

        )

        $

        (0.01

        )

        $

        0.05Diluted

        

        $

        (0.02

        )

        $

        (0.06

        )

        $

        (0.01

        )

        $

        0.04Shares used in calculation ofnet income (loss) per share:Basic

        

        

        15,527,000

        

        

        15,454,000

        

        

        15,569,000

        

        

        15,367,000Diluted

        

        

        15,527,000

        

        

        15,454,000

        

        

        15,569,000

        

        

        16,178,000




(1)

        Represents a one-time non-cash charge related to a warrant issued to Valassis Communications, Inc. for the development and integration of new retailer relationships.




SELECTED BALANCE SHEET DATA

(Unaudited)



September 30,2008

        

        December 31,2007Cash and cash equivalents

        

        $

        8,336,000

        

        $

        7,393,000Working capital

        

        

        6,916,000

        

        

        7,751,000Total assets

        

        

        16,922,000

        

        

        13,340,000Total liabilities

        

        

        7,302,000

        

        

        3,663,000Shareholders equity

        

        

        9,620,000

        

        

        9,677,000




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