See more news releases in: Biotechnology, Acquisitions, Mergers and Takeovers
IGEN Networks Corporation Secures Distribution Agreement and Acquires Equity Interest in Machlink
VANCOUVER, Jan. 23, 2012 /PRNewswire/ - IGEN Networks Corporation (IGEN: OTCBB) and privately held Machlink Corporation are pleased to announce definitive agreements for both distribution and the purchase of equity between the companies. Consistent with their respective business plans and for the mutual benefits of both companies, IGEN and Machlink will work together to market a wireless extension of HFC broadband infrastructure along with M2M video analytic solutions for enterprise and commercial markets. IGEN will acquire an 8% equity position in Machlink and distribution rights for its product line. Further details will be disclosed in the IGEN 8K filing.
Machlink Corporation is a market leader in the wireless communication industry, dedicated to providing customers with leading edge communication and data services. MachLink offers "best in class" broadband technology including high speed broadband wireless internet, digital phone service, wireless telephone service, multi-channel digital TV, FM radio and the latest addition to the technology suite includes a smart video solution. www.machlink.ca
IGEN applies capital and best-in-class business practices to integrate technologies, expand distribution channels, and drive growth through its product portfolio and strategic partner companies. The company seeks out synergistic technologies that bring together broadband infrastructure solutions to facilitate the delivery of SaaS (Software-as-a-Service) re-occurring revenue model. These integrated solutions target commercial markets and small to medium size businesses throughout North America, Latin America, and the developing nations: www.igen-networks.com
Investor Relations
Ron Loudoun
1-866--497-0287
info@igen-networks.com
SOURCE iGen Networks Corp.
Back to top
Custom Packages
Browse our custom packages or build your own to meet your unique communications needs.
PR Newswire Membership
Fill out a PR Newswire membership form or contact us at (888) 776-0942.
Learn about PR Newswire services
Request more information about PR Newswire products and services or call us at (888) 776-0942.
Featured Video
More in These Categories
Journalists and Bloggers
![]()
Visit PR Newswire for Journalists for releases, photos, ProfNet experts, and customized feeds just for Media.
View and download archived video content distributed by MultiVu on The Digital Center.
Free Investing Newsletter from Investor Uprising!
Learn to navigate the world's financial system and profit from leading companies.
Register for Investor Uprising, the people's investment site, for a free weekly newsletter, information, education and premium research including our latest IU Confidential Report - "All That Glitters: The Ultimate Gold Report".
