LAS VEGAS, NV, May 27 /PRNewswire-FirstCall/ - Mr. Richard Gilbertson reports:
"Developed nations, especially urban areas, once enjoyed a significant communications and related business advantage. How could you run an international business from a remote location, without connectivity to the rest of the world? With reasonably priced connectivity, one can argue that rural areas and developing nations may soon have an economic advantage, as a place to do business. Two main reasons for this are minimal stranded costs and lower cost to operate in rural areas. Broadband empowers people, whether students or retired, employed, or those seeking work; it empowers businesses - increases trading areas, broadens supply chains, identifies new opportunities; it is an increasingly important tool in government service delivery, in education, in health care and in public safety. Indeed, as smaller communities struggle to find their identity in an increasingly urbanized societies, economic diversification, driven by internet technologies is considered a key survival mechanism. Broadband, affordable high speed broadband is a basic requirement for all. IGEN Networks Corp. sees the demand across all market niches for individuals, civic organizations, local small business, schools, medical institutions and commercial businesses."
IGEN Networks Corp. announces it will undertake a non-brokered Private Placement for $2,000,000 with the issuance of 2,500,000 shares at $.80 per share, as approved by the Board of Directors. The private placement will be used to advance IGEN's corporate mandate in establishing the build-out of broadband wireless internet, phone and data systems in Canada and Honduras.
The Company also announces that it has engaged Kono Communications as the Company's Investor Relations firm who will assist the Board of Directors and provide corporate information for IGEN Investors. Kono Communications will utilize its established networks to provide public relations and assist in expanding the Company's profile within the investment community.
On behalf of the Board of Directors IGEN Networks Corp. "Monty Ormsby" President
Safe Harbour Statement under the United States Private Securities Litigation Act of 1995; This release made may contain forward-looking statements that are affected by known and unknown risk, uncertainties and other factors which may cause the actual results, performance or achievements of the Company, or industry results, to be materially different from any future results, performance or achievements expressed, implied or anticipated by such forward-looking statement. The Company does not intend to update this information and disclaims any legal liability to the contrary.
CONTACT: For further information, please contact the Company at any of the following offices in the US (212) 518-6099, Canada (310) 425-5731 and Honduras, Central America (630-299-0066), by email at firstname.lastname@example.org, or visit our website at www.igen-networks.com
|SOURCE iGen Networks Corp.|
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