IGEN's
Nimbo Tracking signs New
Dealership
Groups
in Southern
California
Lake
Elsinore, CA
-- November
16, 2020 -- InvestorsHub NewsWire
-- IGEN
Networks
Corporation
(OTCQB:
IGEN,
CSE:
IGN),
and its wholly-owned
subsidiary Nimbo
Tracking a leading
innovator
of consumer
automotive IT
services,
today
announced
the
signing
of Dealership Agreements with Nissan and Ford Franchise
Dealerships
located in the Southern California
region,
with an initial Pre-Load or Total Lot
Activation of approximately 700 new
vehicles. Nimbo Tracking Inventory
Management System will enable timely and accurate
inventory
management of all new vehicles along with creating a profit
center for
marketing
Nimbo Tracking products and services to
consumers purchasing new
vehicles.
VP & GM
Abel
Sierra of
IGEN Networks Corp stated, "This is our first Pre-Load
deployments over the T-Mobile
Network. It will set a precedent
with the T-Mobile Business sales channels under the "Sell-With" program as each
Dealership deployment generates monthly residual revenues and
activations.
Combined
with our existing Dealership
group
deployments, we have closed the gap for
the number
of
automotive activations since the start of the COVID pandemic. Combined
with the
T-Mobile IoT Market Place and the Hyperion
Partner channels, we are now
marketing the IGEN Product Line through all of
T-Mobile's Business
channels."
About
IGEN Networks Corporation
IGEN Networks Corporation
creates software services
for the
consumer automotive and asset management
industries. The solutions enable consumers and customers to
mitigate risk, protect their families, improve productivity
and actively
manage their automotive and commercial assets.
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.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:
IGEN Networks
Corporation
Neil G. Chan
info@igenneworks.net
1(855)912-5378