IGEN's Nimbo Tracking and DOWC® launches Nationwide Partnership Agreement to cover 50 States

Lake Elsinore, CA – January 31, 2022 – IGEN Networks Corporation (OTCQB: IGEN, CSE: IGN), a leading innovator of cloud-based and Internet of Things (IoT) solutions for the protection and management of mobile assets, today announced the launch of a Nationwide Partnership Agreement between IGEN's Nimbo Tracking and DOWC®.  The agreement enables DOWC® and Nimbo Tracking to market inventory management services to automotive dealerships and IGEN's "FamilyShield" services to consumers across the country in 50 states.  

DOWC® is among the fastest-growing service contract providers and administrators in the United States. Recipient of the 2021 Dealers' Choice Diamond Award, DOWC offers customizable F&I products, expertise in compliance, and a full suite of technology designed to optimize productivity and expedite claims adjustments, processing, and reporting for automotive dealerships. 

Michael LaMotta, founder and CEO of DOWC, stated, "We are thrilled to partner with IGEN to provide an outstanding inventory management opportunity to our dealers across the country. The product and the business model for Nimbo Tracking are in perfect alignment with DOWC's goal to constantly serve our dealer partners with tech-forward, innovative solutions that improve their operations and positively impact their profitability."

"DOWC® is our newest channel partner with proven capabilities, expertise, and integrity in working with automotive dealerships across the country.  We now have distribution channels in all 50 states and are delighted with the opportunity to develop a comprehensive program with DOWC® that takes advantage of IGEN products and services across multiple consumer automotive segments," said Abel Sierra, VP & GM of IGEN Networks Corp."   

 

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 drivers.  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:

Neil G. Chan

IGEN Networks Corporation

Email: info@igennetworks.net

Call us: (855)912-5378

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