Business
Increase in Pre-Load Sales at Franchise New Car Dealerships Leads to Record Q2 Results with Operational Milestone Achievements
Increase in Pre-Load Sales at Franchise New Car Dealerships Leads to Record Q2 Results with Operational Milestone Achievements.
About this update from Igen Networks Corp.
[{"type":"text","content":"\n\n\n\n\nMarketwire\n\n\n\n\nIncrease in Pre-Load Sales at Franchise New Car Dealerships Leads to Record Q2 Results with Operational Milestone Achievements\n\n\n\n\n\n\n\n\n\n MURRIETA, CALIFORNIA--(Marketwired - Aug. 22, 2017) - IGEN Networks Corporation (OTCQB:IGEN)(CSE:IGN)(CSE:IGN.CN)(CNSX:IGN), a Company that offers peace-of-mind to automotive consumers and their families through the protection and management of their mobile assets, is pleased to announce the filing of its second quarter Q2-2017 financials along with operational milestones completed in during the quarter. A conference call led by CEO Neil Chan will occur after the close of trading today at 1:15 pm PST / 4:15 pm EST to discuss results in more detail. All interested parties are welcome, and call instructions are provided at the end of this release.\n Over the last 14 months, IGEN's wholly-owned subsidiary Nimbo Tracking has targeted new car franchise dealerships to include its product in every car that is delivered to the lot (The \"Pre-Load\" Model). This aftermarket product allows dealerships to identify and manage all vehicles in its inventory as the vehicles are sold through the dealership channel to the consumer. \n Upon purchase of a new vehicle, the product is provisioned for the consumer offering smartphone accessibility to a broad range of programable real-time alerts including theft, break-in of the vehicle, location records, boundary alerts, driver behavior (speeding, rpm, hard-breaking), and even the health of a vehicle's battery. These aftermarket services are sold as Stolen Vehicle Protection Plus (SVR+) as one to three years bundled services. \n To date, Nimbo Tracking products and services (www.nimbotracking.com) have been provisioned across most OEM brands that include imports like Honda, Toyota, Nissan; luxury brands that include Lexus, Porsche, Lamborghini, Audi, BMW; and domestic brands that include Chevrolet, General Motors, and Ford. Nimbo Tracking products are also compatible with all pre-owned vehicles regardless of year or brand. \n Financial results and milestone achievements for the quarterly period ended June 30, 2017 include the following: \n \n \n In addition to Verizon, IGEN's has initiated activations with Sprint to broaden its carrier base for large volume activations and airtime cost r...