IGEN Networks Subsidiary Nimbo LLC Achieves Significant Milestone Within Verizon Wireless Partner Program

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MURRIETA, Calif., Oct. 13, 2015 (GLOBE NEWSWIRE) -- IGEN Networks Corp (the "Company" or "IGEN") (IGEN) (IGN:CNX) , announces that its wholly owned subsidiary, Nimbo LLC ("Nimbo"), has achieved PRM status within the Verizon Partner Program, Verizon Wireless' lead share program. This includes Nimbo's product and service offerings being fully integrated into Verizon's Partner Relationship Management (PRM) portal, providing deeper direct engagement with the Verizon salesforce.

Neil Chan, Chief Executive Officer of IGEN Networks, stated, "Since announcing our engagement with Verizon back in May 2015, we have been working diligently to reach the volumes required to achieve PRM status, and are delighted to have successfully attained this next step. We can now share lead referrals directly through Verizon's CRM, and provide activations and commissions for Verizon sales within the full Verizon sales hierarchy. Simply put, integration into the Verizon PRM portal allows us to market directly to and with Verizon's sales force of over 11,000 sales people."   

CEO Chan continued, "Our enhanced partner status allows us to further ingrain Nimbo's unique automotive and fleet tracking solutions into the Verizon channel through direct engagement of Verizon's Advanced Solution Architects (ASA's) and managers."

Mr. Chan concluded, "Verizon is not only the largest wireless operator in the United States; they deliver integrated solutions to customers around the globe with reach in more than 150 countries. We are clearly excited about the opportunity to further enhance our partnership and the potential it brings."

About IGEN Networks Corporation:

IGEN Networks Corporation invests in and manages companies that deliver cloud-based services through Machine-to-Machine (M2M) device technologies for the protection and management of mobile assets and commercial fleets. The Company offers a range of self-provisioning applications which are used to manage and recover stolen assets, provide access to roadside assistance programs, and improve productivity of commercial fleets.  

IGEN is a fully reporting company in both Canada and the United States. It is publicly traded on the OTCQB under the symbol IGEN, and listed on the CSE under the symbol IGN. For more information, please visit www.igen-networks.com.

About Verizon Wireless

Verizon Wireless is an innovative wireless communications company that connects people and businesses with the most advanced wireless technology and service available.

Verizon Wireless launched the nation's first 3G wireless broadband network and were the first tier-one wireless provider in the nation to build and operate a 4G LTE network.  

As the nation's largest wireless company, Verizon Wireless serves 109 million retail connections and operate more than 1,700 retail locations in the United States. Globally, they offer voice and data services in more than 200 destinations. Verizon Wireless is wholly owned by Verizon Communications Inc. and is headquartered in Basking Ridge, N.J.  

About Verizon Communications

Verizon Communications Inc. is a global leader in delivering broadband and other wireless and wireline communications services to consumer, business, government and wholesale customers.  

Forward-Looking Statements

This news release may contain forward-looking statements or forward looking information within the meaning of the U.S. Private Securities Litigation Reform Act of 1995 and Canadian securities law. The terms and phrases "goal", "commitment", "guidance", "expects", "would", "will", "continuing", "drive", "believes", "indicate", "look forward", "grow", "outlook", "forecasts", "intend", "potential", and similar terms and phrases are intended to identify these forward-looking statements. Forward-looking statements are based on estimates and assumptions made by IGEN in light of its experience and its perception of historical trends, current conditions and expected future developments, as well as other factors that IGEN believes are appropriate in the circumstances, including but not limited to statements regarding investment liquidity, financing options and long term goals of the Company, general economic conditions, IGEN's expectations regarding its business, customer base, strategy and prospects, and IGEN's confidence in the cash flow generation of its business. Many factors could cause IGEN's actual results, performance or achievements to differ materially from those expressed or implied by the forward-looking statements, including, without limitation: risks related to competition; IGEN's reliance on key personnel; IGEN's ability to maintain and enhance its brand; and difficulties in forecasting IGEN's financial results, particularly over longer periods given the rapid technological changes, competition and short product life cycles that characterize the mobile application industry. These risk factors and others relating to IGEN that may cause actual results to differ are set forth in the under the heading "Risk Factors" in IGEN's periodic filings with the British Columbia Securities Commission and the U.S. Securities and Exchange Commission (copies of which filings may be obtained at www.sedar.com or EDGAR). These factors should be considered carefully, and readers should not place undue reliance on IGEN's forward-looking statements. IGEN has no intention and undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law.

Corporate Inquiries:

IGEN Networks Corporation
Attn: Richard Freeman
1 (888) 244-3650

www.igen-networks.com

Investor Relations:

Green Chip Investor Relations:
Attn: Matt Chipman
1 (818) 923-5302

www.GreenChipIR.com

 

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