iGen Networks Corp (IGEN)

[JMMatthews]

IGEN's Nimbo Tracking Adds Four New Dealerships and 1250 Vehicles Across Three States in Third Quarter 2022

LAKE ELSINORE, Calif., Oct. 3, 2022 /PRNewswire/ -- IGEN Networks Corporation (OTC: IGEN) (CSE: IGN), a leading innovator of software solutions for the consumer automotive and commercial fleet industries, today announced the addition of four new dealerships located in three states with 1250 pre-loaded vehicles acquired through its channel partners DOWC and Peak Performance.

DOWC® is among the fastest-growing service contract providers and administrators in the United States covering all 50 States across the country. Recipient of the 2021 Dealers' Choice Diamond Award, DOWC offers customizable F&I products, expertise in compliance, and a full suite of technology designed to optimize productivity and expedite claims adjustments, processing, and reporting.

Peak Performance Team (PPT) is a nationwide organization and industry leader in providing protection products, lending, technology, and training to dealerships across 28 states, serving more than 450 automotive dealerships across the US markets.

"We are delighted to see our national deployment programs with both DOWC and PPT are taking effect across multiple states. With the initial pre-load, all vehicles will be activated with inventory management capabilities and then sold with vehicle theft and family protection services when a vehicle is purchased from the dealership. The revenue model has proven very compelling for both the automotive dealerships and IGEN as every vehicle sold with our services represent long-term residual revenues for the company," said Neil G. Chan, CEO of IGEN Networks Corporation.

About IGEN Networks Corporation

IGEN Networks Corporation creates software services for the consumer automotive and commercial asset management industries enabling their customers to better manage their assets and protect their families. IGEN is a fully reporting company in both Canada and the United States. It is publicly traded on the OTC Markets under the symbol IGEN, and listed on the CSE under the symbol IGN.

For more information, please visit: www.igennetworks.net

https://www.prnewswire.com/news-releases/igens-nimbo-tracking-adds-four-new-dealerships-and-1250-vehicles-across-three-states-in-third-quarter-2022-301638804.html

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