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November 26, 2015 3:55 AM ET

Company Overview of Nimbo Holdings, LLC

Company Overview

Nimbo Holdings, LLC was incorporated in 2012 and is based in the United States. As of May 5, 2014, Nimbo Holdings, LLC operates as a subsidiary of IGEN Networks Corp.


United States

Founded in 2012

Key Executives for Nimbo Holdings, LLC

President and Chairman
Compensation as of Fiscal Year 2015.

Nimbo Holdings, LLC Key Developments

Nimbo LLC to Launch New Automotive Wireless Services Platform at the Sema Show from November 3-6

Nimbo LLC announced it will exhibit at The SEMA Show next week from November 3 to November 6, 2015 at the Las Vegas Convention Center and launch its new automotive wireless services platform. The SEMA Show is the premier automotive specialty products trade event in the world that attracts more than 100,000 industry leaders from more than 100 countries. Attendees are invited to visit Booth #11822 in the North Hall Mobile Electronics Section, a location with historically heavy traffic. At the show, Nimbo LLC will launch a new platform targeted for the buy-here-pay-here (BHPH) market. Nimbo BHPH is a platform designed to serve the pre-owned automotive industry with over 25,000 used vehicle dealers across the United States. Buy Here Pay Here refers to a method of running an automobile dealership in which dealers themselves extend credit to purchasers of automobiles. Typically, purchasers of cars at BHPH dealerships have poor credit history, and loans have high interest rates. BHPH can provide options for those unable to meet credit standards elsewhere.

Nimbo LLC Signs Major Account Agreement with Verizon Wireless

IGEN Networks Corp. announced that its wholly owned subsidiary, Nimbo LLC signed a Major Account Agreement with Verizon Wireless. This agreement establishes Nimbo LLC within Verizon’s partner program for the marketing of Nimbo’s products and services over Verizon’s national wireless services. The Partnership Program includes the sharing of sales leads through the Verizon Wireless sales and support organization that covers the major automotive dealer markets across the United States. According to First Research, an estimated 50,000 automotive dealers generated over $700 billion in annual revenues that accounted for 15.6 million new vehicles and 40.5 million used vehicles sold through dealer channels in the US in 2013. These dealer channels are expected to double in revenues over the next five years through to 2018. It is also noted that there are more than 800,000 vehicles stolen in the U.S. each year. The roadside assistance industry generates more than $6 billion in annual revenues.

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