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
SOURCE iGen Networks Corp.