Clarus analyst Sean Peasgood thinks National Oil, which operates 4000 Marathon and Phillips 66 gas bars, is one of many potential clients that could quickly transform iSign into a global leader in mobile messaging.

Peasgood points out that the data coming back from iSign’s trial with National Oil, which operates 4000 Marathon and Phillips 66 gas bars, is very encouraging, with an acceptance rate of 30% from clients.

Peasgood says National Oil and Chinney Alliance Engineering, which would give iSign exposure to 39,000 locations through brands such as Family Mart, 7-11, Lawsons and Circle K, are just two opportunities that could turn into a pipeline of more than 84,000 locations. Assuming $1,000 per device per year in licensing revenue, he says this could generate a recurring revenue stream of more than $84-million for iSign.