iGen Networks Corp (IGEN)

[JMMatthews]

in preparation for completing these key initiatives, the Company has extinguished all outstanding debt for an exchange of Preferred Series A shares with Jefferson Street Capital LLC (JSC)., along with JSC's continued support of IGEN through a previously announced $5M Equity-Line. The Company has also replaced all AWS based services with in-house infrastructure, single-sourced hardware from South Korea rather than China to mitigate supply-chain risks and secured several whole-sale airtime service packages with two major US wireless carriers thereby reducing operating costs severalfold. Combined with our Fortune 100 wireless carrier, IGEN will be positioned to become the first mover on evolving opportunities for the SME supply-chain industry as we welcome 2024 and beyond.

https://www.globenewswire.com/news-release/2024/02/05/2823349/0/en/IGEN-Achieves-Milestones-and-Provides-Updates-on-Key-Initiatives.html

IGEN $$$