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IGEN Networks Corp. Signs a Letter of Intent with MachLink



5/24/2011 8:34:47 AM

IGEN Networks Corp. (IGEN) is pleased to announce it has signed a "Letter of Intent" with MachLink Corp. (MachLink) to acquire a 100% interest in the company.

MachLink has manufacturing and proprietary technologies in wireless broadband Internet. Other patents include smart video surveillance and data collection technologies. MachLink's unique broadband technology utilizes Ultra High Frequency ("UHF") spectrum, enabling fast deployment of near line of site Broadband Internet, Phone and Data services to rural and underserviced communities.

These innovative technologies are being deployed globally and are finding a unique niche in underserviced markets.

Both IGEN and MachLink look forward to assisting clients with connectivity, data transmission or remote site monitoring issues utilizing these unique state-of-the-art solutions.

Lyle Ewanchuk, MachLink CEO, added, "This acquisition will strengthen the co-operation between both companies thereby increasing their ability to quickly deploy this technology at a time when demand for connectivity is rising rapidly throughout the world."

On behalf of the Board of Directors IGEN Networks Corp. "Robert Nealon" Chairman of the BoardSafe Harbor Statement under the United States Private Securities Litigation Act of 1995; This release 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.

On behalf of the Board of Directors:

IGEN Networks Corp. (IGEN: OTCBB)
Mr. Robert NealonChairman of the Board

IGEN Networks Corp.
http://igen-networks.com
MachLink Corp.
www.machlink.ca

SOURCE iGen Networks Corp.


Read at BioSpace.com


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