IGEN Receives Letter of Intent from Seguros Multiples for Distribution Rights in Puerto Rico and Latin America

MURRIETA, CA / ACCESSWIRE / April 1, 2019 / IGEN Networks Corporation (OTCQB: IGEN; CSE: IGN), a leading innovator of cloud-based and Internet of Things (IoT) automotive solutions for the protection and management of mobile assets, is pleased to receive a Letter of Intent from Seguros Multiples for the distribution and marketing of IGEN products across cooperatives and interrelated businesses in the cooperative movement and other private sectors within Puerto Rico and the Latin America region. The Cooperativa de Seguros Multiples de Puerto Rico belongs to 200 savings and credit cooperatives with over 100,000 auto insurance policies presently enforced in the territory.

Vice President and General Manager of IGEN, Abel I. Sierra stated, "This partnership with Seguros Multiples is significant for us as it will be one of the first major insurance companies that will be marketing white-labeled IGEN products through its extensive cooperative and credit union network. The cooperative network will include new car franchise, pre-owned automotive dealerships and commercial fleets. We also expect Seguros Multiples to utilize IGEN's extensive data analytics platform for optimizing their revenue models across cooperatives".

About IGEN Networks Corporation:

IGEN Networks Corporation provides peace-of-mind to automotive consumers and their families through direct access to Internet-of-Things (IoT) cloud-based services that include Stolen Vehicle Protection, Real-time updates on asset health and Driver Behavior. IGEN is a fully reporting company in both Canada and the United States. It is publicly traded on the OTCQB under the symbol IGEN, and listed on the CSE under the symbol IGN. For more information, please visit www.Igennetworks.net and www.NimboTracking.com.

About Cooperativa de Seguros Multiples de Puerto Rico:

The Cooperativa de Seguros Multiples de Puerto Rico was incorporated under the laws of Puerto Rico on April 23, 1963. It began operations on February 8, 1965. It is a Cooperative, organized according to the stipulations of Chapter 34 of the Code of Puerto Rico. Insurance of Puerto Rico. Since its incorporation, The Cooperativa de Seguros Multiples de Puerto Rico has remained within the framework of solvency and financial stability. It is currently one of the first miscellaneous insurance companies in Puerto Rico and enjoys an excellent classification granted by the prestigious evaluation company A.M. Best.

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.


IGEN Networks Corporation
Neil Chan

SOURCE: IGEN Networks Corp.