iGen Networks Corp (IGEN)

[Eddie T]

MSG from Neil 5/26/21 when I emailed him about when we see revenue: “Thanks XXXX for your ongoing support. Most of our subscribers to-date are based on a three year revenue plan that defers each dollar over 36 months – so the revenue recognized in each quarter is a 3 month portion of the total revenue per subscriber. Our new brands Medallion for commercial fleets and FamilyShield are based on monthly residuals so most of the revenues will be recognized during the reporting periods of the sales. Eventually the deferred revenues from previous reporting periods will accumulate and be additive for future periods along with the residuals”

Regards,

Neil