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