ALEXANDRIA, Va., Oct. 1, 2015 (GLOBE NEWSWIRE) — IGEN Networks Corp. (the “Company” or “IGEN”) (OTCQB:IGEN) (CSE:IGN) announces that its publicly listed stock in Canada has officially been added to the CSE Composite Index. The CSE Composite Index is a broad indicator of market activity for the Canadian Securities Exchange (CSE). IGEN Networks is a dual listed stock that is also quoted on the OTCQB in the United States.
Additionally, IGEN Networks announces it has implemented a program to build investor awareness of its Company. The program, led by Equities.com, is structured to provide wide distribution and editorial coverage of its press releases and major corporate developments, and is expected to continue through at least May 31, 2016.
Neil G. Chan, President and CEO of IGEN, stated, “We are pleased to be included in the CSE Composite Index, and hope this will encourage investors to take a serious look at our growth story.” He added, “We are also excited to work with Equities.com to deliver our message of growth to investors in the United States and Canada.”
About The Canadian Securities Exchange and CSE Composite Index
The Canadian Securities Exchange (CSE) is a modern and efficient alternative for companies looking to access the Canadian public capital markets. It was the first new stock market launched in Canada in over 75 years and was officially recognized as a stock exchange by the Ontario Securities Commission in 2004. The CSE is designed to meet the needs of small cap companies and reflects a unique segment of the Canadian capital markets.
The CSE Composite Index is calculated using a market capitalization approach. Total shares outstanding are multiplied by price to determine each component’s weight in the index. The number of issued shares of each component is fixed at each quarterly rebalancing, subject to changes which are described under Index maintenance. The weight of each constituent varies continuously as its price changes.
About Equities.com
Equities.com is an advanced financial data portal and social network designed to connect self-directed investors with the world’s most innovative start-up and small cap companies. Through our in-depth coverage of small cap markets, comprehensive research and stock valuation reports, state of the art issuer products, and world class events, Equities.com provides the social tools and insight that drive tomorrow’s investment relationships and opportunities.
About IGEN Networks Corporation:
IGEN Networks Corporation invests in and manages companies that deliver cloud-based services through Machine-to-Machine (M2M) device technologies for the protection and management of mobile assets and commercial fleets. The Company 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 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.igen-networks.com.
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 EDGAR). 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.
CONTACT: Corporate Inquiries:
IGEN Networks Corporation
Attn: Richard Freeman
1(888)244-3650
[email protected]
www.igen-networks.com
Investor Relations:
Green Chip Investor Relations:
Attn: Matt Chipman
(310)858-5575
[email protected]
www.GreenChipIR.com