iGEN Networks Corporation

iGEN Networks Corporation

June 16, 2014 10:29 ET

Nimbo LLC Signs Partnership Agreement with Auto Knight Motor Club

Automotive Owners and their Families Now Offered Better Peace of Mind through Online Vehicle Tracking Services

ALEXANDRIA, VIRGINIA--(Marketwired - June 16, 2014) - iGen Networks Corporation (OTCQB:IGEN) today announced that its recently acquired wholly owned subsidiary, Nimbo LLC, has signed a partnership agreement with Auto Knight Motor Club (AKMC), a subsidiary of Fortegra Financial (NYSE:FRF), one of the industry leaders in 24-hour roadside emergency services. This partnership combines Nimbo LLC's technology platform with AKMC's nationwide coverage throughout the United States and Canada.

With this new agreement, automotive owners and their families will have greater peace of mind knowing they now have direct and secure access to real-time information on the status of both their vehicle and the driver. Owners can now register with Nimbo's platform offered through Dealershiptracking.com for a broad range of services that include stolen vehicle recovery, owner controlled alerts, vehicle tracking and routing, concierge travel planning, along with AKMC's comprehensive 24-hour roadside emergency service.

According to First Research, an estimated 50,000 vehicle dealers generate $700 billion in revenue annually which accounts for the 15.6 million new vehicles and 40.5 million used vehicles sold through dealer channels in the US in 2013. When considering that more than 700,000 of those vehicles are stolen each year, the Nimbo LLC solution presents an essential service for the ultimate in auto security.

"This agreement allows everyday car owners the opportunity to receive seamless access to practical and critical information. We are proud Nimbo's solution is now offered with AKMC's proven customer support capabilities," said Neil Chan, Chief Executive Officer, iGEN Networks. "We remain focused on delivering solutions that make a positive impact for our communities."

About iGen Networks Corporation

iGen Networks Corporation delivers cloud-based services through Machine-to-Machine (M2M) device technologies for the protection and management of mobile assets and commercial fleets. IGEN offers a range of self-provisioning applications which are used to manage and recover stolen assets, provide access to roadside assistance programs, and improve productivity of commercial fleets.

iGen Networks Corporation 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, please visit www.igen-networks.com.

About Fortegra Financial Corporation

Fortegra Financial Corporation (references in this report to "Fortegra Financial," "Fortegra," "we," "us," "the Company" or similar terms refer to Fortegra Financial Corporation and its subsidiaries), traded on the New York Stock Exchange under the symbol: FRF, is an insurance services company headquartered in Jacksonville, Florida. Fortegra offers a wide array of revenue enhancing products, including payment protection products, motor club memberships, service contracts, device and warranty services, and administration services, to our business partners, including insurance companies, retailers, dealers, insurance brokers and agents and financial services companies. Fortegra's brands include Fortegra™, Life of the South®, 4Warranty, ProtectCELL™, Continental Car Club™, Auto Knight Motor Club™, United Motor Club™, Consecta™, Pacific Benefits Group™, and South Bay Acceptance Corporation. For more information, please visit www.fortegrafinancial.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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