IGEN Networks Corporation (IGEN: OTCBB) is Pleased to Announce it has Excercised the first tranche in the Option Agreement to Purchase Equity in The Gogiro Internet Group.

VANCOUVER, Jan. 3, 2012 /CNW/ - This acquisition is consistent with the IGEN mission to invest capital, expand distribution channels, and drive growth through its product partners.

The Gogiro Internet Group continues to expand its regional coverage across North America and is on track to add an additional 30 locations by early 2013.The Gogiro Internet Group is a leading provider of cloud based IT services for small business. Through a nation-wide distribution network of regional offices, Gogiro offers personalized support at an affordable, pay-as-you go monthly service for small business applications, beginning with website design, SEO support for attracting more visitors, eCommerce and social-media tools, along with easy to use productivity tools: www.gogiro.com.

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 brings 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
[email protected]