MURRIETA, Calif., Oct. 27, 2015 (GLOBE NEWSWIRE) -- Nimbo LLC, a wholly owned subsidiary of IGEN Networks Corp (the "Company" or "IGEN") (OTCQB:IGEN) (CSE:IGN), announces it will exhibit at The SEMA Show next week from November 3 to November 6, 2015 at the Las Vegas Convention Center and launch its new automotive wireless services platform. The SEMA Show is the premier automotive specialty products trade event in the world that attracts more than 100,000 industry leaders from more than 100 countries. Attendees are invited to visit Booth #11822 in the North Hall Mobile Electronics Section, a location with historically heavy traffic.
At the show, Nimbo LLC will launch a new platform targeted for the buy-here-pay-here (BHPH) market. Nimbo BHPH is a platform designed to serve the pre-owned automotive industry with over 25,000 used vehicle dealers across the United States. Buy Here Pay Here refers to a method of running an automobile dealership in which dealers themselves extend credit to purchasers of automobiles. Typically, purchasers of cars at BHPH dealerships have poor credit history, and loans have high interest rates. BHPH can provide options for those unable to meet credit standards elsewhere.
With the addition of Nimbo BHPH, IGEN Network Corporation now offers a complete range of wireless services for the consumer automotive industry and its dealer channels that includes:
- New Car or Franchise Dealers
- Pre-owned Car Dealers
- Commercial and Automotive Fleets
Neil G. Chan, President and CEO of IGEN, stated, "SEMA has been instrumental in establishing several of our largest distribution channels for the consumer automotive industry. We are using this event to launch a new platform, showcase upgraded products, and provide orientation for our recently acquired channel partners along with sales staff representing Verizon Wireless."
It is also noted that an interview with Mr. Chan was conducted, transcribed and posted late last week. To view, please visit http://www.equities.com/spotlight/spotlight-companies/exclusive-interview-igen-networks-ceo-neil-chan-discusses-their-plans-and-the-future-of-real-time-services-available-to-the-consumer-automotive-industry
Finally, a video that demonstrates Nimbo's SVR (Stolen Vehicle Recovery) platform can be viewed at: https://vimeo.com/103187377
About The SEMA Show:
The SEMA Show is the premier automotive specialty products trade event in the world. It draws the industry's brightest minds and hottest products to one place, the Las Vegas Convention Center. As part of the Automotive Aftermarket Industry Week (AAIW), the SEMA Show attracts more than 100,000 industry leaders from more than 100 countries for unlimited profit opportunities in the automotive, truck and SUV, powersports, and RV markets. SEMA Show 2014 drew more than 60,000 domestic and international buyers. SEMA stands for Specialty Equipment Market Association.
About Nimbo LLC
Nimbo LLC provides robust wireless M2M solutions that create peace of mind across industries, specializing in providing integrated GPS tracking and vehicle warning solutions for various markets including Automotive, Power Sport, Subprime Automotive and Power Sport Finance, Fleet Vehicles, Emergency Vehicles, and Law Enforcement. For more information, visit www.nimbollc.com.
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.
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 www.edgar.com). 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.