IGEN ANNOUNCES DRAYTON VALLY SPECTRUM BUILD-OUT AND IS NEGOTIATING A CONSOLIDATION WITH MACHLINK TO OPERATE AS ONE COMPANY
IGEN: OTCBB
WASHINGTON, D.C., Jan. 4 /PRNewswire/ - Mr. Robert Nealon reports:
IGEN with its exclusive distribution agreement with MachLink Inc. has deposited $50,000.00 and is preparing to include the Drayton Valley area with an underserved rural population of 25,000 households plus businesses and oil and gas field monitoring. IGEN is purchasing the necessary equipment and has identified an established tower in place to meet the rural customer needs. This licensed broadband spectrum establishes a foothold that will allow IGEN to build through this corridor a series of broadband locations, each site with a 55 kilometer or 30 mile radius that will service a much larger population and business base. The Company's distribution approach is to use bonded independent contractors to install and commission systems at the customer premises. This broadband spectrum license will place IGEN into a solid cash flow position that will enable all future growth and allow the company to expand on the identified 15 other spectrums that are currently available to the Company.
Mr. Nealon quotes "IGEN is working with MachLink to consolidate as one company all the Engineering and Patents held by MackLink to better express the underlying market with all assets held in IGEN once negotiations have been satisfied. This approach will enhance the bottom line of both companies and allow the unified group to better secure the necessary financing on a go forward basis. The market for IGEN/MachLink's services is clearly demonstrated and with the market expertise that IGEN has assembled and MachLinks engineering and corporate holdings would place the unified company as a completed force that both companies bring to the table allowing for a seamless transition into the known marketplace. There is a pent-up demand for internet services, especially in rural and remote areas where there is no real alternative to the Company's offerings. The Company's other service portfolio elements; telephony and video on demand are also clearly in demand. The Company's telephone product will be very attractively priced compared to the alternative services, including a long distance package that offers attractive calling options at a fraction of the price for similar services." IGEN/ MachLink is a full duplex broadband system that utilizes what most others don't - the unused television frequencies which transmit MachLink`s engineered premier wireless services. It outperforms Wi-Max and Satellite delivering full duplex voice (versus Wi-MAX's half duplex), a 55km signal or 30 mile range from source (5 times more than Wi-MAX), and data speeds over 20MB (more than 3 times that of Wi-MAX and over 20 times faster than satellite). Each IGEN/MachLink system can support thousands of customers. The company recognizes an opportunity to take part in the world's fastest growing communications market with an innovative technical approach to bring communications services to rural America's and conquer the digital divide globally.
About IGEN Networks Corp.
IGEN Networks is in the business of providing high-speed Internet, Phone and Data services to rural communities in trade areas up to a radius of 55 kilometer from the main broadband connections, at a fraction of the cost of competing technologies. IGEN's licensed technology, developed by Machlink, uses near line-of-sight radio in the UHF band to deliver signals from the Company's radio masts to customer premises. The market for high-speed Internet has been proven as an essential part of education, social interaction, the delivery of goods and services (including government goods and services) and financial matters. It has become an essential part of the fabric of life for most Countries. The Company will compete on the basis of superior quality of service and superior technology in these mostly rural areas. The current network design is capable of offering download speeds of up to 12 Mbps (typically 7) and upload speeds of up to 1.5 Mbps. IGEN Networks Corp. aims to offer consumers a choice of 3 High Speed Internet, Voice and Data packages to suit various levels of service, from the very basic internet and voice requirements to heavy-use requirements. IGEN has assembled a world class team that has the contacts and ability to expand quickly into all known markets and will be enhancing the bottom line with a framework designed to implement the transition into all identified rural markets.
About MachLink Corp.
MachLink is a Canadian and US corporation that has developed a turnkey, wireless broadband solution for the under serviced rural Internet user. With MachLink's broadband network, the rural user can now get service rivaling the best urban broadband services offered today. The MachLink engineering team designs and engineers the systems and provides equipment and installation support. MachLink also assists with the licensing of high speed broadband networks for wireless operators.
After years of development, MachLink is proud to introduce a proprietary upstream solution that dramatically improves data capabilities. The technology provides the basis for wireless broadband applications utilizing the UHF spectrum between 500 and 800 MHz. What makes the MachLink system unique is the user's ability to receive up to 20Mb/s of data downstream within our coverage area, regardless of distance and line of sight from the base station. MachLink believes that providing high speed broadband and Internet services today to underserved rural areas will significantly impact the ability of these remote communities and regions. It will enable them to compete in today's global economy and benefit from the resources they can access online.
MachLink is a full duplex broadband system that utilizes what others don't - the unused television frequencies which transmit MachLink`s premier wireless services. It outperforms Wi-Max and Satellite delivering full duplex voice (versus Wi-MAX's half duplex), a 55km signal range from source (5 times more than Wi-MAX), and data speeds over 20MB (more than 3 times that of Wi-MAX and over 20 times faster than satellite). Each MachLink system can support thousands of customers.
On behalf of the Board of Directors
IGEN Networks Corp.
"Robert Nealon"
Chairman of the Board
Safe 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.
CONTACT: <p>Please contact the Company's Investor Relations at 866-497-0287 or the Chief Financial Officer at 202-507-3400 or by email at <a href="mailto:[email protected]">[email protected]</a></p>
SOURCE iGen Networks Corp.
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