IGEN Networks Selected as Featured Company in Video by Investmentpitch Media - Video Available on InvestmentPitch.com

August 17, 2016 11:24 AM EDT | Source: InvestmentPitch Media

Vancouver, British Columbia--(Newsfile Corp. - August 17, 2016) - IGEN Networks Corp. (CSE: IGN) (OTCQB: IGEN) is featured in a video by Investmentpitch Media. IGEN Networks, through its wholly owned subsidiary, Nimbo LLC, has activated more than 3,000 vehicles over the last 30 day period, or close to 100 activations per day.

Nimbo products and services include vehicle telematics hardware and smart phone-based applications integrated with SVR Plus (Stolen Vehicle Recovery) and SVR Platinum (24HR Roadside Assistance) services, which provide consumers with direct and real-time information on vehicle status and driver behaviour, and are used to manage and recover stolen assets, provide access to 24 hour roadside assistance programs, and improve productivity of commercial fleets.

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These activations are part of the successful fulfilment of the Master Purchase Order, announced in March, for 12,000 vehicle activations to be deployed across several states on the Verizon Wireless Network.

The company reported that it is already beginning to generate additional high margin revenue from additional consumer services provided through Nimbo devices pre-installed on new vehicles sold across automotive dealerships.

Neil G. Chan, President & CEO, stated: "Achieving this milestone is significant for us as it re-affirms our strategy of leveraging the Verizon sales and marketing programs to gain access to much larger franchise dealerships across the country. The rate of new car activations and installations have increased several-fold since the launch of our Smart Phone-based applications through our Verizon partnership channels."

Nimbo Fleet's Real-Time GPS Tracking Solutions offer a low-cost, high-functionality software that is easy-to-use and gives fleet owners the hands on ability to self provision their devices. Whether you are tracking vehicles, drivers, or products, Nimbo Fleet's products provide Business owner's and Fleet Manager a turn-key solution, with full North American coverage

The shares are trading at $0.20 and with 29.3 million shares outstanding, the company is capitalized at $5.9 million.

For more information please visit the company's website www.igen-networks.com, or contact the company at 1-888-244-3650. For corporate inquiries contact Richard Freeman, COO, at rfreeman@igen-networks.com, or for investor relations contact Neil G. Chan, President & CEO, at neilgchan@igen-networks.com.

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