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IGEN Networks Corp. Engages New CFO and Director

4/16/2010 9:12:58 AM

LAS VEGAS, April 15 /PRNewswire-FirstCall/ - Mr. Monty Ormsby reports:

IGEN Networks Corp. is pleased to announce that the Company has engaged the services of Richard Gilbertson as a new Director and CFO of IGEN Networks Corp. Richard Gilbertson is currently President of Caribbean Call Services, headquartered in La Ceiba, Honduras, Central America. He is also president and co-owner of Offices International, an international business development company, headquartered in Belize City, Belize, Central America. He has been involved for the past 35 years in various senior management and business development positions related to the acquisition and divestiture and valuation of operating businesses and real estate

In recent years, Mr. Gilbertson has concentrated on activities in Latin America with public accounting firms, serving as Regional Manager of the International Division of Arthur Consulting Group, Inc. (formerly a division of Arthur D. Little, Inc.); Principal and Director (1984 to 1989) of Arthur Young & Company (now Ernst & Young). Prior to Arthur Young & Co., he was a valuation consultant for Stone & Webster. From 1974 to 1980 Mr. Gilbertson was vice president in charge of eastern operations with Valuation Research Corporation, a nationwide valuation-consulting firm. Mr. Gilbertson's involvement in Latin American business began in the mid-1980's through USAID sponsored privatization projects in Honduras. He later consulted on various privatization projects in El Salvador, Guatemala, Honduras and Trinidad.

Mr. Gilbertson is a graduate of Northwestern University (Evanston, Illinois) with a BS in Business Administration (Finance) and an MBA in Marketing and Transportation. He is a retired Lt. Commander in the U.S. Navy. He will assume the position of CFO and corporate compliance from Michael Grudman, who will remain as a director of the Company

IGEN also announces the opening of offices in Beverly Hills, California and La Ceiba, Honduras to better serve our distribution network. The company also announces the issuance of two million stock options by Board Resolution at an exercise price of $0.70 per share for directors, officers, consultants and affiliates.

IGEN Networks Corp. is a capital venture company with its primary focus on acquisition and development of innovative proprietary technologies, which have an application for marketing and distribution on a global basis.

On behalf of the Board of Directors

IGEN Networks Corp.

"Monty Ormsby"


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: please contact the Company at (310) 425-5731, or by email at

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