17:38:01 EDT Thu 28 Mar 2024
Enter Symbol
or Name
USA
CA



Igen Networks Corp
Symbol IGN
Shares Issued 1,662,286,497
Close 2022-09-29 C$ 0.005
Market Cap C$ 8,311,432
Recent Sedar Documents

Igen adds 4 dealerships, 1,250 vehicles to Nimbo in Q3

2022-10-03 12:30 ET - News Release

Mr. Neil Chan reports

IGEN'S NIMBO TRACKING ADDS FOUR NEW DEALERSHIPS AND 1250 VEHICLES ACROSS THREE STATES IN THIRD QUARTER 2022

Igen Networks Corp. has added four new dealerships located in three states with 1,250 preloaded vehicles acquired through its channel partners, DOWC and Peak Performance.

DOWC is among the fastest-growing service contract providers and administrators in the United States, covering all 50 states across the country. DOWC received 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.

Peak Performance Team (PPT) is a nationwide organization and industry leader in providing protection products, lending, technology and training to dealerships across 28 states, serving more than 450 automotive dealerships across the U.S. markets.

"We are delighted to see our national deployment programs with both DOWC and PPT are taking effect across multiple states. With the initial preload, all vehicles will be activated with inventory management capabilities and then sold with vehicle theft and family protection services when a vehicle is purchased from the dealership. The revenue model has proven very compelling for both the automotive dealerships and Igen, as every vehicle sold with our services represent long-term residual revenues for the company," said Neil G. Chan, chief executive officer of Igen Networks.

About Igen Networks Corp.

Igen Networks 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 is listed on the CSE (Canadian Securities Exchange) under the symbol IGN.

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