iGen Networks Corp (IGEN)

[Rheeper]

Today’s deal is significant. MCUL is a top 20 credit union in the country with over 5.3 million members. The annual subscription cost for IGEN’s CU Trak is $399 (see link below). I don’t know what IGEN’s profit margin is, but even if I use very conservative assumptions this deal could lead to over $2 million in RECURRING sales because its based on subscriptions.

Example: assuming only 1% of MCUL members take out a car loan and a $50 margin for IGEN, that works out to $2.65 million in sales.

https://www.mcul.org/membership/2019-mcul-affiliation-2

https://iotfactory.sprint.com/product/cu-trak-financial-institution-asset-tracking-2/