Nimbo LLC Signs Partnership Agreement with Auto Knight Motor Club
June 16 2014 - 10:28AM
Marketwired
Nimbo LLC Signs Partnership Agreement with Auto Knight Motor Club
Automotive Owners and their Families Now Offered Better Peace of
Mind through Online Vehicle Tracking Services
ALEXANDRIA, VIRGINIA--(Marketwired - Jun 16, 2014) - iGen
Networks Corporation (OTCQB:IGEN) today announced that its recently
acquired wholly owned subsidiary, Nimbo LLC, has signed a
partnership agreement with Auto Knight Motor Club (AKMC), a
subsidiary of Fortegra Financial (NYSE:FRF), one of the industry
leaders in 24-hour roadside emergency services. This partnership
combines Nimbo LLC's technology platform with AKMC's nationwide
coverage throughout the United States and Canada.
With this new agreement, automotive owners and their families
will have greater peace of mind knowing they now have direct and
secure access to real-time information on the status of both their
vehicle and the driver. Owners can now register with Nimbo's
platform offered through Dealershiptracking.com for a broad range
of services that include stolen vehicle recovery, owner controlled
alerts, vehicle tracking and routing, concierge travel planning,
along with AKMC's comprehensive 24-hour roadside emergency
service.
According to First Research, an estimated 50,000 vehicle dealers
generate $700 billion in revenue annually which accounts for the
15.6 million new vehicles and 40.5 million used vehicles sold
through dealer channels in the US in 2013. When considering that
more than 700,000 of those vehicles are stolen each year, the Nimbo
LLC solution presents an essential service for the ultimate in auto
security.
"This agreement allows everyday car owners the opportunity to
receive seamless access to practical and critical information. We
are proud Nimbo's solution is now offered with AKMC's proven
customer support capabilities," said Neil Chan, Chief Executive
Officer, iGEN Networks. "We remain focused on delivering solutions
that make a positive impact for our communities."
About iGen Networks Corporation
iGen Networks Corporation delivers cloud-based services through
Machine-to-Machine (M2M) device technologies for the protection and
management of mobile assets and commercial fleets. IGEN 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 Networks Corporation is a fully reporting company in both
Canada and the United States, where it is publicly traded on the
OTC market and quoted on the OTCQB. For more information, please
visit www.igen-networks.com.
About Fortegra Financial Corporation
Fortegra Financial Corporation (references in this report to
"Fortegra Financial," "Fortegra," "we," "us," "the Company" or
similar terms refer to Fortegra Financial Corporation and its
subsidiaries), traded on the New York Stock Exchange under the
symbol: FRF, is an insurance services company headquartered in
Jacksonville, Florida. Fortegra offers a wide array of revenue
enhancing products, including payment protection products, motor
club memberships, service contracts, device and warranty services,
and administration services, to our business partners, including
insurance companies, retailers, dealers, insurance brokers and
agents and financial services companies. Fortegra's brands include
Fortegra™, Life of the South®, 4Warranty, ProtectCELL™, Continental
Car Club™, Auto Knight Motor Club™, United Motor Club™, Consecta™,
Pacific Benefits Group™, and South Bay Acceptance Corporation. For
more information, please visit www.fortegrafinancial.com.
Forward-Looking Statements
This news release may contain forward-looking statements
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", 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
general economic conditions, IGEN's expectations regarding its
business, 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 IGEN's periodic filings with 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.
For Media Inquiries: Magnolia CommunicationsPhoebe
Yong604.760.3085phoebe@magnoliamc.comFor Investor Inquiries: iGen
Networks CorporationRichard
Freeman1.888.244.3650rfreeman@igen-networks.comwww.igen-networks.com
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