ALEXANDRIA, VIRGINIA — (Marketwired) — 01/27/15 — (the “Company or “IGEN”) (OTCQB: IGEN) is pleased to announce that it has filed and obtained a receipt (the “Receipt”) from the British Columbia Securities Commission for its Final Non-offering Prospectus dated January 23, 2015. The achievement of this milestone is a requirement to list the Company–s shares in Canada on the Canadian Securities Exchange (CSE). In addition to continuing to trade on the U.S. OTCQB, the Company intends to seek a CSE listing in order to provide its investors with improved liquidity in a well regulated trading environment. A CSE listing is subject to the Company fulfilling all of the listing requirements of the CSE.
Neil Chan, President and CEO of the Company, stated, “Achieving this milestone is part of our plan to improve investment liquidity and financing options for the Company as we maintain our focus on becoming the industry leader in our chosen target markets. The future for the Company looks increasingly exciting and we are confident IGEN is positioned to fulfill our long term goals. We encourage our current shareholders and interested investors to review our Prospectus, as well as our updated fact sheet and Company overview, to share in our vision and enthusiasm.”
A copy of the Prospectus is available on SEDAR under the Company–s profile at . The Company fact sheet and other information about the Company are available at the Company–s website at .
About iGen Networks Corporation:
iGen Networks Corporation delivers cloud-based services through Machine-to-Machine (M2M) device technologies for the protection and management of mobile assets and commercial fleets. iGen 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 under the symbol IGEN. For more information, please visit .
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”, 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 its continued listing application with the CSE, investment liquidity, financing options and long term goals of the Company, 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 in the Prospectus under the heading “Risk Factors” and 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 or ). 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.
This press release shall not constitute an offer to sell, nor the solicitation of an offer to buy, nor shall there by any sale of, securities in any jurisdiction in which such offer, solicitation or sale would be unlawful.
THE CSE HAS NEITHER APPROVED NOR DISAPPROVED THE CONTENTS OF THIS NEWS RELEASE. THE CSE ACCEPTS NO RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS NEWS RELEASE.
Contacts:
For Media Inquiries:
Josie Sostre
Nimbo LLC
855.912.5378
For Investor Inquiries:
iGen Networks Corporation
Richard Freeman
1.888.244.3650
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