ALEXANDRIA, VIRGINIA--(Marketwired - July 23, 2013) - iGen Networks Corporation (OTCQB:IGEN), is pleased to provide an update on recent accomplishments and progress on key initiatives:
- The successful completion of a fully integrated, private, and secure cloud server platform. The iGen platform is initially being used to provide online marketing and business tools to small business customers across the US and Canada in more than 35 markets through the recently acquired Gogiro brand. The iGen cloud platform will be used to provide applications and services supporting our core target markets and Intranet deployments. The integration of the iGen platform with "hardware enablers", like specialized wireless infrastructure ( Instanet™) and M2M devices, enables the company to serve a broad range of commercial markets that include small to medium size businesses along with government agencies.
- The Launch of Gogiro Business Central. This platform provides the small business owner everything they need in one location to manage their online presence with pay-as-you-go services supported by a Gogiro representative in their local market. Gogiro's Business Central helps the small business owner get in front of potential customers, convert their website visits to leads, invoice and manage payments, and communicate efficiently through an integrated simple to use contact management system. The Gogiro Internet Group continues to build residual revenue services with over 350 small business customers to-date, and with the launch of Business Central, anticipates significant growth in its customer base.
- Instanet continues to demonstrate the potential of rapid market adoption for use in crisis situations where telecommunications is non-existent or unreliable. The portable and self-contained wireless communications network is presently being evaluated by public safety of both local and federal government agencies. The first trial units designed to operate in Band 14 LTE were completed and are presently being tested with a select group of handset manufacturers.
"I'm very pleased with our steadfast progress over the past six months. We remain focused on delivering growth in residual services that offer longer term shareholder value," said Neil Chan, chief executive officer of iGen Networks Corporation. "The rollout of the iGen cloud platform, and the latest upgrade to Gogiro's Business Central by our portfolio company Gogiro Internet group, will allow our customers a private and secure cloud-based platform in an easy-to-use environment. We are committed to supporting business owners with not just the necessary tools, but the most innovative ones that will help their businesses thrive online. This latest transition of on-boarding customers to Business Central demonstrates our strong track record of building successful business models and our ability to generate revenues from scalable technologies."
About iGen Networks Corporation
iGen Networks Corporation applies capital and proven management experience to accelerate growth of private and secure cloud-based services that serve small to medium size businesses, government agencies, and commercial enterprise. iGen Networks Corporation is a fully reporting company in both Canada and the United States, where it is publicly traded on the OTC market and quoted on the OTCQB. For more information, please visit www.igen-networks.com .
Forward Looking Statements
This news release may contain forward-looking statements 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", 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 general economic conditions, IGEN's expectations regarding its business, 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 IGEN's periodic filings with 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.
