IGEN Networks Subsidiary Nimbo LLC Achieves Significant Milestone Within Verizon Wireless Partner Program
13 October 2015 - 11:10PM
IGEN Networks Corp (the "Company" or "IGEN") (OTCQB:IGEN)
(CSE:IGN), announces that its wholly owned subsidiary, Nimbo LLC
("Nimbo"), has achieved PRM status within the Verizon Partner
Program, Verizon Wireless' lead share program. This includes
Nimbo's product and service offerings being fully integrated into
Verizon's Partner Relationship Management (PRM) portal, providing
deeper direct engagement with the Verizon salesforce.
Neil Chan, Chief Executive Officer of IGEN Networks, stated,
"Since announcing our engagement with Verizon back in May 2015, we
have been working diligently to reach the volumes required to
achieve PRM status, and are delighted to have successfully attained
this next step. We can now share lead referrals directly
through Verizon's CRM, and provide activations and commissions for
Verizon sales within the full Verizon sales hierarchy. Simply
put, integration into the Verizon PRM portal allows us to market
directly to and with Verizon's sales force of over 11,000 sales
people."
CEO Chan continued, "Our enhanced partner status allows us to
further ingrain Nimbo's unique automotive and fleet tracking
solutions into the Verizon channel through direct engagement of
Verizon's Advanced Solution Architects (ASA's) and managers."
Mr. Chan concluded, "Verizon is not only the largest wireless
operator in the United States; they deliver integrated solutions to
customers around the globe with reach in more than 150 countries.
We are clearly excited about the opportunity to further enhance our
partnership and the potential it brings."
About IGEN Networks Corporation:
IGEN Networks Corporation invests in and manages companies that
deliver cloud-based services through Machine-to-Machine (M2M)
device technologies for the protection and management of mobile
assets and commercial fleets. The Company 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 is a fully reporting company in both Canada and the United
States. It is publicly traded on the OTCQB under the symbol IGEN,
and listed on the CSE under the symbol IGN. For more information,
please visit www.igen-networks.com.
About Verizon Wireless
Verizon Wireless is an innovative wireless communications
company that connects people and businesses with the most advanced
wireless technology and service available.
Verizon Wireless launched the nation's first 3G wireless
broadband network and were the first tier-one wireless provider in
the nation to build and operate a 4G LTE network.
As the nation's largest wireless company, Verizon Wireless
serves 109 million retail connections and operate more than 1,700
retail locations in the United States. Globally, they offer voice
and data services in more than 200 destinations. Verizon Wireless
is wholly owned by Verizon Communications Inc. and is headquartered
in Basking Ridge, N.J.
About Verizon Communications
Verizon Communications Inc. is a global leader in delivering
broadband and other wireless and wireline communications services
to consumer, business, government and wholesale customers.
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", "potential", 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 EDGAR). 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: Corporate Inquiries:
IGEN Networks Corporation
Attn: Richard Freeman
1 (888) 244-3650
rfreeman@igen-networks.com
www.igen-networks.com
Investor Relations:
Green Chip Investor Relations:
Attn: Matt Chipman
1 (818) 923-5302
IGEN@GreenChipIR.com
www.GreenChipIR.com
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