IGEN Networks Corporation

IGEN Networks Corporation

June 07, 2012 09:15 ET

IGEN Networks Corporation Provides Update on Product Portfolio Company

Gogiro Internet Group launches "Business Central", a new cloud-based platform

WASHINGTON, DISTRICT OF COLUMBIA--(Marketwire - June 7, 2012) - IGEN Networks Corporation, ("IGEN" or "the Company") (OTCQB:IGEN), the industry leading technology accelerator, today provided an update on new developments with one of its product portfolio companies, Gogiro Internet Group ("Gogiro"). Gogiro is a leading provider of cloud-based IT services for small businesses.

IGEN is pleased to announce that Gogiro has continued its expansion of regional coverage across North America with the latest offices opening in Oklahoma City; Birmingham, Alabama; Edmonton, Alberta; and Northern British Columbia. With these four additional locations, Gogiro's distribution network now covers 22 regional markets.

In addition, Gogiro is launching its new platform for small business referred to as "Business Central". Built on a state-of-the-art cloud platform, Business Central provides small businesses with easy-to-use contact management and online billing, with full synchronization to their website, lead generating tools, and Google Apps suite of Gmail, drive/docs, calendar, and Google+ -- all from a single location. Business Central is the next generation, simple-to-use, self-provisioning IT service platform for enabling small business owners to fully manage their business and customers from both desktop and smartphone.

"We're delighted to see these developments in our product portfolio company," said Neil Chan, IGEN's Chief Executive Officer. "Gogiro correctly identified small businesses across North America, and in particular their needs for smart, affordable IT services, as a vastly underserved market. Now they have developed a new solution that makes day-to-day business easier than ever to manage. With this new platform and the continued opening of new and strategically chosen locations, Gogiro is poised for the kind of growth that we have been anticipating."

About IGEN Networks Corporation

IGEN invests capital and management expertise in technology companies in complementary business areas. IGEN drives growth and optimizes profitability for technology companies that are providing products and services in industries that are experiencing large global growth: specialized wireless broadband infrastructure, cloud-based Software-as-a-Service (SaaS), and Machine-to-Machine (M2M). With a focus on accelerating companies to the next level through a combination of capital and hands-on management, IGEN is not just an investor in companies: it is a builder.

IGEN is a fully reporting company in both Canada and the United States, where it is publicly traded on the OTC market and quoted on the OTCQB. For more information, visit www.igen-networks.com.

About Gogiro Internet Group

Gogiro provides pay-as-you-go, locally managed web services to the 40+ million small businesses across North America through a licensed distribution network. For more information, visit www.gogiro.com.

Forward Looking Statements

This news release may contain forward-looking statements 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", 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 general economic conditions, IGEN's expectations regarding its business, 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 IGEN's periodic filings with 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.

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