One Month Record Puts Total Units Shipped in 2015 at Over 4200 Units
MURRIETA, Calif., Oct. 21, 2015 -- IGEN Networks Corp (the "Company" or "IGEN") ($IGEN) ($IGN:CNX), announces that its wholly owned subsidiary, Nimbo LLC ("Nimbo"), experienced its best month ever in terms of shipments of its primary product designed for vehicles at new car dealerships. The 1200 units shipped in September alone account for more than 25% of its total year-to-date shipments, and were shipped to customers in various states. The increase is particularly noteworthy since the bulk of sales were experienced prior to gaining PRM status with Verizon Wireless that was announced just last week.
Nimbo LLC provides robust wireless M2M solutions that create peace of mind across industries, specializing in providing integrated GPS tracking and vehicle warning solutions for various markets. The Dealership Tracking Car Dealer Program is a one of a kind dealer approved private label program that is built for the dealership, resourced by its market partners, and supplied by Dealership Tracking. This program is designed to assist dealers in managing their new & used inventory as well as keeping track of their loaner vehicles. Once ready, the system can be upgraded to our SVR or Hybrid "SELECT" System and up-sold to the end-user, creating a profit center for the F&I Department.
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.
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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