iGen Networks Corp (IGEN)

[timez1000]

The partnership with County Executives of America sounds pretty huge, and it was just signed this month.

"This exclusive partnership with the County Executives of America represents an opportunity for IGEN to offer fleet management solutions for an estimated 350,000 assets utilized across 700 Counties in the USA," said Neil G Chan, CEO of IGEN Networks Corp. The diversity of these assets along with the self-insurance of these assets creates an excellent fit with the capabilities of the Medallion GPS PRO Platform.

I'm assuming an asset represents a single vehicle, so if the Medallion GPS system were installed in 350,000 vehicles...each unit retails about $120 each and then the monthly service is $9.99 a month.....that would be about 42 million in revenue for the units alone, and then 3.5 million recurring revenue every month for the service.....I'm sure they would get a discount from retail but you get the idea, it's a lot of potential revenue.

County Executives of America works with governments, from local all the way up to the federal government, so this is really like a government contract it seems. All IMO