Association of Credit Union
Executives of Puerto Rico (ASEC) announces Exclusive Marketing
Agreement with
IGEN Networks
Corporation
Lake
Elsinore, CA -- October 24, 2022 -- InvestorsHub NewsWire
-- IGEN Networks Corporation (OTC:
IGEN, CSE:
IGN), a leading innovator of software solutions for the
consumer automotive and commercial fleet industries, today
announced an exclusive marketing agreement with the
Association of Credit Union Executives of Puerto Rico (ASEC).
This agreement will enable ASEC and Credit Unions to generate new
revenue streams in marketing IGEN's CU Trak and FamilyShield to
their members and families. In conjunction with the U.S.
Department of Treasury's Community Development Financial
Institutions (CDFI) Fund, which has granted $13.2M to 105 Credit
Unions and Cooperatives for Technical Assistance in 2022 thus far,
the CDFI Fund will provide the financial assistance to Credit
Unions to utilize CDFI qualified technologies for the benefit of
their members.
"On
behalf of the Board of Directors of ASEC, it is with great pleasure
to announce our partnership with IGEN Networks Corporation.
As we strive to transform our Credit Unions in Puerto Rico to
utilize innovative products like CU Trak, IGEN Networks is the
perfect partner to help us get there. We look forward to a
long-term relationship," said Aurelio Arroyo, President of the
Board of ASEC.
"Since
the first time I interviewed Abel I. Sierra over our radio station
a couple of years ago, I knew CU Trak would be a game changer for
our Credit Union community in Puerto Rico. Now that the
pandemic is behind us, we are much better position to promote CU
Trak and with the support of the Board of Directors we look forward
to expanding the use of IGEN technologies for all Credit Unions in
our beautiful island of Puerto Rico," said Dahlia Torres, Executive
Director of ASEC
"IGEN
Networks sponsorship and participation at ASEC's annual meeting in
Punta Cana, Dominion Republic was a huge success. Although
Credit Unions have heard of similar technologies in the past, no
company has ever focused on addressing the specific technology
needs of Credit Unions and automotive financing like we have.
IGEN has developed products like CU Trak with ASEC in Puerto Rico
in anticipation of further expansion into Latin America and further
partnerships with ASEC affiliated organizations like the CUNA
Mutual Group," said Abel I. Sierra, Chief Operating Officer of IGEN
Networks Corporation.
About IGEN Networks
Corporation
IGEN
Networks Corporation creates software services for the consumer
automotive and commercial asset management industries enabling
their customers to better manage their assets and protect their
families. IGEN is a fully reporting company in both Canada
and the United States. It is publicly traded on the OTC Markets
under the symbol IGEN, and listed on the CSE under the symbol IGN.
For more information, please visit: www.igennetworks.net
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", 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 www.sec.gov. 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:
Abel I.
Sierra
IGEN
Networks Corporation
Email:
info@igennetworks.net
Call
us: (855)912-5378