iGen Networks Corp (IGEN)

[sharpei]

Exciting, isn't it. :)

[alert1100]

Load the bus $$

[alert1100]

The time has come $IGEN

[sharpei]

:} Thanks so much!

[kayak_wench]

In the 10K they do list specific number of customers in each 10K...last year was one. We will have more than that this year so that is good. But we only get that once a year.
"As of December 31, 2021 and 2020, the Company had one and three customers, respectively, which accounted for 99% and 99%, respectively, of the gross accounts receivable balance."

I think we were looking pretty good at the 6 month mark but I wanted to see more contracts in this past quarter. I hope the signing of the CuTrak deal comes through in early Q4 like next week or the week after.

But mostly things hinge on Q3 revenue. That will be the quarter where there can be no excuse for not doing much better based on their announcements. If we can pull off over $200k AND also continue to announce new customers I think that could be the start of our turn around.

If only our products sold like thin mints...yum!

[KESx]

As a long time looong with IGEN ...
With almost $50K and about 3 years of owning megashares in this stock -- I can reference or compare the lack of sales of the last several years and not have to worry about the prickly purists with no sense of humor -- flame throwers off please AC. We are all in the same boat.
Go IGEN!
Go Girl Scout Cookies ( thin mints! )

[sharpei]

Thank you, k_w,

I've tried to figure out how many dealerships, credit unions, and new distribution agreements we have in total. Am at a loss...not to mention totals as of any recent date on other products.

Why does he make it so difficult for shareholders to know what total contracts are...or the valuation of the patent?

[AC777]

Maybe we should invest in girl scout cookies or disregard STUPIDITY…

[Double-K]

I don’t have any expectations bc we don’t have any real point of reference as to how much and when we actually make money. I get “more sales, more revenue” theory but nothing has been clearly defined and we have no guidance. I’ve been complaining about that as it makes it difficult for investors to make educated decisions about their money. That said, I’d be encouraged with said $200k as it would show continued steady growth. It’s tough to get real excited with much here though. Good news isn’t having much of a positive effect in this bear market. Gotta be long and real patient with this, that’s the only real certainty right now imo. Appreciate your perspective/ insight as always. Not really trying to be bearish but the otc isn’t real encouraging right now.

[kayak_wench]

He has done that with some big news in all form7s that I have reviewed. He has done it consistently for a long so the form 7 rules probably allow updates to be repeated for a few months or who knows maybe even a year (although Chan doesn't typically do it more than 4 or 5 months). The rationale is probably so that an investor doesn't have to dig into recent form7s to see all the meaningful 'recent' news. I can see the benefit. Of course the con is if an investor 'forgets' what is old versus new and sees the update as 'another' new good thing.

Obviously this theory doesn't apply to old news that is still fluctuating (like the CuTrak deal with Latin American credit unions). For those he is updating the status which is different than repeating news already announced.

I expect the following news to roll off and not be in Oct Form 7 because they were first reported in the Jun/July timeframe.
- 6 new automotive dealerships, 4 new credit unions, and three new distribution agreements completed for Q2 – pipeline of new opportunities expected to increase two-fold for second half
- Patent-pending filings accepted by US Patent Office for DTS augmentation as of August 4, 2022

BTW, for monthly updates I don't blame him for cutting and pasting to complete monthly. What I bet he actually does is resave the form with a new name and edit it. That saves time. Monthly reports feel pretty frequent when you do them year after year.

[kayak_wench]

What is everyone's expectations for Q3 revenue?
Q1 was about $45k, Q2 $93k.

I want to see at least $250k. If we don't break $200 than I will be very disappointed. I can't imagine getting much above $250k but that would be wonderful.

[sharpei]

So, why is he cutting and pasting and so obviously so? What else is going on behind the scenes? (I smell smoke....)

[sharpei]

Alright! Just yesterday I posted that PCF Insurance Svcs had bought our own distributor PPT and today there is yet another purchase announced, "LEHI, Utah, Oct. 4, 2022 /PRNewswire/ -- PCF Insurance Services (PCF), a top 20 U.S. insurance brokerage firm, has acquired Lawrence Victoria, Inc., a national program administrator that provides loan servicers with lender-placed insurance, insurance tracking, and blanket insurance to organizations of all sizes across the United States."
This PCF company is devouring cos at a heckuva rate! While they're in the 'buying' mode..... ?

https://www.prnewswire.com/news-releases/pcf-insurance-services-acquires-ohio-based-insurance-program-administrator-lawrence-victoria-inc-301640513.html

[sharpei]

This item was 'overlooked': CU Trak agent agreement expected to be ratified with Latin America Association
of Credit Union Executives in Q3-2022. Q3 ended Friday; if the ratification was executed as expected it should have been noted in this F7.

[KESx]

$IGEN is getting there!
In the last two years, my girls have sold more Girl Scout Cookies boxes than $IGEN has reported installs. When Chan finally passes their modest record and reports real income ... look out!
loooong....

[kayak_wench]

This was an old update provided in Aug, they keep old news around for at least 2 future form7s. Most of what posters have called out was old news from Aug.

The one good thing I saw was that the discussions for CU Trak endorsement across Credit Union Leagues across Latin American Credit Unions are still in process and expected to be completed in early Q4.

On the bad news side the updates in form 7s going back to May of discussions for CU Trak endorsement across Credit Union Leagues in New Mexico, Texas, and PR being in process is gone. So apparently they failed to seal the deal on those two states and PR.

Also disappointing is nothing about Medallion GPS deals with counties in other states. That is the most profitable and reliable business opportunity for IGEN. Getting those contracts is what we need to move out of the penny stock world. We might get out of sub-penny with enough Nimbo tracking deals but I believe we need government dollars to be a true succcess.

The note on product marketing staff hired for patent infringement assessment is interesting but I don't know that product marketing staff are the people with the right qualifications to conduct patent infringement assessment. That sounds like the job of a patent lawyer so I am cautious about reading much into this.

[Mama_cass]

"Patent-pending filings accepted by US Patent Office for real-time DTS targeted for
autonomous vehicles "

[Steelyd3]

Yes it is AC. In a Big Way IMO

[Mama_cass]

Form 7 posted today and dated tomorrow ;) Sneak peak.
https://webfiles.thecse.com/CSE_Monthly_Report_for_September_2022.pdf?4Qcw2QYAS3wIueZ3_nK4lOYhECdON8dO

[AC777]

It’s COMING…

[Sgt T]

Nice!

“Product marketing staff hired for patent infringement assessment”


$IGEN

[Steelyd3]

6 new automotive dealerships, 4 new credit unions, and three new distribution agreements completed – pipeline of new opportunities expected to increase two- fold for second half 2022

[rushDmoney]

September Form 7

https://webfiles.thecse.com/CSE_Monthly_Report_for_September_2022.pdf?4Qcw2QYAS3wIueZ3_nK4lOYhECdON8dO

[alert1100]

Can't believe I'm buying these cheap A$$ shares soon $$

[jgrant93]

When we get great news and the price drops it should tell chan that no one is buying anymore and he wont be getting much for his shares anymore until we see it on a 10q and he markets this better.

Relax nerds.

[papi2856]

100%

[Legster1969]

Agreed.

[AC777]

When we dealing with FOOLS it’s always dam if you do Dam if you don’t!

Like Chan has any control over Sp Pp or any other BullSh!t…

Enjoy the ride or abandon ship but leave the B!tching at the door!

Stay Tuned

[Legster1969]

Are you talking about the great news we received yesterday? Please explain.

[jgrant93]

Hope chan sees how bad the situation is with his SP after that news dropped us 8 percent.

No more free capital chan man. Time to pay up.

[sharpei]

CSE Form 7, June, July, August (trying to consolidate here):

June
"Confirmed participation and presentations at the 2022 NACO Annual Convention – largest gathering of North America County Executives
2. Details of any new products or services offered.
• Medallion GPS PRO the next generation fleet management platform to be launched at the NACO Convention "

July
"New Pre-load for Portland Dealerships completed – additional Pre-loads scheduled for Q3/2022
Record registrations for Nimbo Tracking services received from existing dealerships this month – supply chain is improving across franchise dealerships
Installation of Medallion GPS units completed for first group of Counties in NewYork State
New orders for CU Trak received from Puerto Rico Credit Unions"


August
"Pre-load orders for 500-1000 vehicles planned for Q3 shipments
Record registrations for Nimbo Tracking services received from existing dealerships this month – supply chain is improving across franchise dealerships
Installation of Medallion GPS units completed for first group of Counties in New York State expect an additional 350-400 commercial assets to be deployed in Q4"

[sharpei]

Okay, here's more: "To date, PCF has completed or has under the letter of intent 112 acquisitions for 2022. The company said in a release that it “continuously seeks an optimal balance between entrepreneurial spirit and collaboration” whenever it forms a partnership with an agency." https://www.insurancebusinessmag.com/us/news/ma/pcf-insurance-acquires-peak-performance-team-421184.aspx



Thanks, Sarge; and I dug a bit further....The insurance company, PCF is out of Lehi, UT and has recently been purchasing other companies----HELLO!!!! and that company has got to be Mormon-who else wd be in Lehi, UT? Duh! Agressive? Is the prophet in SLC? (Just a wild guess on my part...but, not an impossibility.)

[Sgt T]

Nice find Sharpei! Thank you;)

[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

IGEN $$$

[sharpei]

A New Wrinkle...as insurance company purchases Peak Performance Team...one of two of our national distributors.
https://www.insurancebusinessmag.com/us/news/ma/pcf-insurance-acquires-peak-performance-team-421184.aspx

PCF Insurance appears to be a very aggressive company in and of itself, operating out of Lehi, UT...(Mormon group? how aggressive could we be talking?)

[sharpei]

***Warning! Trend reversal imminent...

$IGEN 1Y: a trend reversal any moment now; it's October and the foundation has been laid... pic.twitter.com/pE2St4mwUE

— Sharpei (@ChartzUp) October 3, 2022

[sharpei]

These were words spoken October 1 here; and this is today!
" ? What's the hang-up? And also, we have two strong national distributorships working on sales as well-so, in large part those six dealerships are at least something-although again it would seem that they should have brought home more sign-ups among dealerships."

[sharpei]

Way to go, Neil Chan! (Those national distributorships!!!-and they are just getting started!)

https://nimbotracking.com/pressrelease/igens-nimbo-tracking-adds-four-new-dealerships-and-1250-vehicles-across-three-states-in-third-quarter-2022/

[AC777]

Lol you all can read it now! It’s all in black an white!

You soon feel it!

Tune in or get Tuned out…

[Legster1969]

Awesome! We keep on growing, and that's what it's all about.

[reindlll]

NEWS! IGEN’s Nimbo Tracking adds four new dealerships and 1250 vehicles across three states in Third Quarter 2022
Lake Elsinore, CA – October 3, 2022 – 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



Forward-Looking Statements

This news release may contain forward-looking statements or forward-looking information within the meaning of the U.S. Private Securities Litigation Reform Act of 1995 and Canadian securities law. The terms and phrases “goal”, “commitment”, “guidance”, “expects”, “would”, “will”, “continuing”, “drive”, “believes”, “indicate”, “look forward”, “grow”, “outlook”, “forecasts”, “intend”, and similar terms and phrases are intended to identify these forward-looking statements. Forward-looking statements are based on estimates and assumptions made by IGEN in light of its experience and its perception of historical trends, current conditions and expected future developments, as well as other factors that IGEN believes are appropriate in the circumstances, including but not limited to statements regarding investment liquidity, financing options and long term goals of the Company, general economic conditions, IGEN’s expectations regarding its business, customer base, strategy and prospects, and IGEN’s confidence in the cash flow generation of its business. Many factors could cause IGEN’s actual results, performance or achievements to differ materially from those expressed or implied by the forward-looking statements, including, without limitation: risks related to competition; IGEN’s reliance on key personnel; IGEN’s ability to maintain and enhance its brand; and difficulties in forecasting IGEN’s financial results, particularly over longer periods given the rapid technological changes, competition and short product life cycles that characterize the mobile application industry. These risk factors and others relating to IGEN that may cause actual results to differ are set forth in the under the heading “Risk Factors” in IGEN’s periodic filings with the British Columbia Securities Commission and the U.S. Securities and Exchange Commission (copies of which filings may be obtained at www.sedar.com or www.sec.gov. These factors should be considered carefully, and readers should not place undue reliance on IGEN’s forward-looking statements. IGEN has no intention and undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law.



Contact:

IGEN Networks Corporation
Neil G. Chan
Email: [e-mail]
Call Us: [phone]

[sharpei]

Reasonable doubts, k_w; I've long thought that given the bright forecast that we would have seen more contracts from credit unions given the participation in Agent Summit and at least three others since August 2021. ? What's the hang-up? And also, we have two strong national distributorships working on sales as well-so, in large part those six dealerships are at least something-although again it would seem that they should have brought home more sign-ups among dealerships.
Am not as concerned about the counties; I think that by year end we should see a decent increase in #medalliongps sales.
We are in a difficult situation and the economic environment contributed greatly to it, but we are now beyond those constraints and momentum should be ramping up noticeably by January 1.
We still deserve some reasonable feedback on the patent valuation and any possible mergers or buyouts-not that we're expecting anything along those lines to be forthcoming any time soon.

[Legster1969]

Nice tweet :)

[AC777]

Looks like a record month for IGEN shipments….over a 1000 units going to customers this week! Congrats team

— IGEN Networks Corp. (@IGENngc) September 28, 2022

Looks like a record month for IGEN shipments….over a 1000 units going to customers this week! Congrats team

[kayak_wench]

Dilution is not our only worry. I'm concerned our customer base has not grown outside of car dealerships in at least half a year.

In Q2 we had one CuTrak endorsement and deals ready to close that quarter with New Mexico, Texas, PR and the Latin America Association of Credit Union Executives.

We are about to start Q4 and we have one CuTrak endorsement and deals supposed to close 2 quarters ago with New Mexico, Texas, PR and the Latin America Association of Credit Union Executives still not secured.

Igen has had an agreement with NY counties for sometime but no one else. Despite attending a NACO Convention and receiving 15 – 20 sales leads back in July we haven't heard of anymore states that want GPS Pro.

Need a PR next week announcing some new GPS Pro customers but will settle for some Cu-Track.

[sharpei]

$.0022...good ol' predictable igen...(sigh!)

[SmootchmyPootch]

Because we no stupid, waiting for you to take it to trips first, big boi

[alert1100]

Where you see 0.0021s did you get some ?

[MSU]

Why did you not get the .0021’s?

[ranchhand71]

EH CSE forms