IGEN Networks Corp. is a capital venture company with its primary focus on acquisition and development of proprietary technologies that have an application for marketing and distribution on a global basis. The company’s current focus is on the entertainment and advertising industries.

The company announced on April 15, 2010 that it has engaged the services of Richard Gilbertson as a new director and the new CFO of IGEN Networks. Mr. Gilbertson is currently president of Caribbean Call Services which is headquartered in La Ceiba, Honduras. He is also president and co-owner of Offices International, an international business development company headquartered in Belize City, Belize. Mr. Gilbertson has been involved for the past 35 years in various senior management and business development positions related to the acquisition and divestiture and valuation of operating businesses and real estate.

In recent years, Mr. Gilbertson has concentrated on activities in Latin America with public accounting firms. He served as regional manager of the international division of Arthur Consulting Group and as principal and director of Ernst & Young from 1984 to 1989. Prior to that, he was a valuation consultant for Stone & Webster. From 1974 to 1980, Mr. Gilbertson was vice-president in charge of eastern operations with Valuation Research Corporation, a nationwide valuation consulting firm.

IGEN Networks also announced the opening of offices in Beverly Hills, California and La Ceiba, Honduras to better serve the company’s distribution network. In addition, the company announced the issuance of two million stock options by ‘board resolution’ at an exercise price of $0.70 per share for directors, officers, consultants and affiliates.