IGEN Subsidiary Ships Over 1200 Units, a New One Month Record, to Car Dealerships in September 2015
2015年10月21日 - 10:00PM
IGEN Networks Corp (the "Company" or "IGEN") (OTCQB:IGEN)
(CSE:IGN), 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.
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.
CONTACT: Corporate Inquiries:
IGEN Networks Corporation
Attn: Richard Freeman
1 (888) 244-3650
rfreeman@igen-networks.com
www.igen-networks.com
Investor Relations:
Green Chip Investor Relations:
Attn: Matt Chipman
1 (818) 923-5302
IGEN@GreenChipIR.com
www.GreenChipIR.com
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