posted
Ingen Technologies Reports Record Sales and Earnings 6/14/2005 7:00:34 AM - The Company Announces It is Now Debt Free -
CALIMESA, Calif., June 14, 2005 /PRNewswire-FirstCall via COMTEX/ -- Ingen Technologies ( IGTN ), a medical device manufacturer for physicians and consumer markets, announced today that the financial audits are ready for filing. Ingen Technologies, Inc. reports income for the 2004 fiscal year to be approximately $1 million dollars, bringing in $285,000.00 of profits. IGTN is also proud to announce that the income for the first 2 quarters of 2005 to be approximately $700,000.00, already toppling the income of the previous year.
The Chairman and CEO of Ingen Technologies, Inc, Scott Sand reports that the Company can also anticipate sales from $1,500,000.00 to $2,000,000.00 for the end of fiscal year 2005. These sales should bring $712,000.00 to $855,000.00 in gross earnings. The Company will file and move to the OTCBB as a reporting company A.S.A.P. Scott Sand, CEO & Chairman, said "This is a huge announcement for the Company. We are finally free of debts! Now we can look further into the future. The Company is now poised to take some really big strides." Currently the company has spent approximately $4,000,000.00 in Research and Development to date.
The accounting firm of Spector & Wong, LLP have informed the Company that the long awaited audit of Ingen Technologies, Inc. and Creative Recycling Technologies, Inc. is complete. In March of 2004 Creative Recycling Technologies, Inc., a public company, and Ingen Technologies, Inc., a private held corporation, entered a merger agreement. After the merger the symbol "CRTZ" was changed to "IGTN".
"The audit involved tremendous evaluation and consolidation between both companies," said Scott Sand, CEO & Chairman. Sand further stated: "The best interest of the shareholders and the surviving company was a key issue during the audit. It was Ingen Technologies that provided the financial strength for this merger. Creative Recycling Technologies had no earnings or activity prior to the merger, but it offered a possibility to bring value to the shareholders of both companies."
The Company is now strongly focused on improving market value for its shareholders and future investors.
"We have increased earnings from Secure Balance(TM), and will roll out other products and programs this year to add to the earnings," said Scott Sand, CEO & Chairman.
About Ingen Technologies
Ingen Technologies ( IGTN ), in business since 1999, is a medical device manufacturer and service provider for medical and consumer markets both domestic and abroad. Currently increasing revenues are generated from the Company's Secure Balance(TM) program; a medical product line for physicians and hospitals that provide patient services for Balance & Fall Prevention programs. The OxyALERT(TM) is another product line that has an issued US Patent and is a proprietary technology. This product is the second generation development of the Company's initial BAFI(TM) product; a medical safety device that provides wireless and remote monitoring of oxygen delivery systems for patients and small aircraft. Using the same patented and proprietary technology, the Company has the GasAlert(TM) product; a device that interfaces between any gas line and accessory, such as a water heater, dryer, stove or heater, to detect leaks. This is a mass consumer item expected to go to market in 2005.
"Our team of professionals developed the Secure Balance(TM) medical products for the growing elderly population. People experiencing vertigo, dizziness and other balance problems can be examined, diagnosed and treated with use of the Secure Balance(TM) products. These products are superior to any of our competition and they allow effective medical product availability to seniors, and at the same time the increasing senior population allows for a steady growth in sales and profits," said Scott Sand, CEO & Chairman of Ingen Technologies.
-------------------- Nothing moves a sub like news!!!
IP: Logged |
posted
In the below PR from 6/8 it seems to me that the company is saying they will be buying shares to keep the value up and to the tune of $2m dollars. They also hid a 15m share retirment in the middle of the PR and state that there audit is done and off to the SEC for listing on the OTCBB! Much happening here!
CALIMESA, Calif., June 8, 2005 /PRNewswire-FirstCall via COMTEX/ -- Ingen Technologies ( IGTN ), a medical device manufacturer for physicians and consumer markets, announced today the finalization of Agreements with C-TradeUSA, Inc.
"The Company continues to demonstrate strong product sales and earnings; and is now focused on strengthening market value for its shareholders and Investors Relations," said Scott Sand, CEO & Chairman. Sand further stated, "With our audits complete and law firm prepared to qualify IGTN as a reporting company on the OTC:BB, the deal with C-TradeUSA brings in $2M in funding and incorporates a trading program that will prevent the day-traders from shorting our stock, as well as enhance a more effective program for trading."
In a mutual effort between C-TradeUSA and the Company to increase market value, the Company retired 15M free trading shares last week with Executive Registrar and Transfer, Inc., the Transfer Agent for the Company and is preparing to qualify for the OTC:BB this month. "The cooperation of the Company and the implementation of our program will strengthen the share value and make it very difficult for any future shorting of the stock," said Nick Kontonicolas, CEO of C-TradeUSA.
The Company is now strongly focused on improving market value for its shareholders and future investors.
-------------------- Nothing moves a sub like news!!!
IP: Logged |
Current Capital Change: shs decreased by 1 for 20 split. Ex-Date: Record Date: Pay Date: 1998-04-20
Dividends:
Company Notes: Formerly=Classic Restaurants International, Inc. until 4-98 Note=4-98 State of Incorporation Colorado changed to Georgia Note=4-99 company is in the development stage possessing technology used to recycle used tires Formerly=Creative Recycling Technologies, Inc. until 11-04
Class Notes: New Issue=4-90 48,000,000 shs in units (600 shs Com, 600 Class A Warr 4-12-91, 600 Class B Warr 4-12-92 & 600 Class C Warr 4-12-93) at $6 per unit by Pacific Southern Securities, Inc.
Transfer Agent: United Stock Transfer, Inc., Englewood, CO 80110
The information provided here has been obtained from publicly available sources as well as directly from issuers in some cases.
IP: Logged |
posted
kinda hard to read but still interesting...
INVESTORS’ BRIEF January-2005 INTRODUCTION INGEN is an OTC publicly traded company under the symbol IGTN. KEY PRODUCTS targeted at the virtually recession proof medical industry are: • Patented BAFITM line that warns of low gas levels that includes, OxyAlertTM , a wireless low oxygen detector for the medical industry, and GasAlert™ for the consumer market. • Secure BalanceTM , a vestibular vertigo diagnostic and treatment solution. The flagship BAFITM range has applications in medical, safety and protection, aircraft, recreation, outdoors (propane), home and residential, as well as construction and the military. SHARE PRICE OUTLOOK William Walling, a former four-time member of the Institutional Investor Magazine All-America Research Team recommended an aggressive buy call in Aug 04. He set IGTN’s 1 year target share price as $0.35. MANAGEMENT TEAM IGTN has an experienced and well-credentialed management team lead by Chairman/CEO Scott R. Sand who possesses an outstanding track record in marketing/management of sophisticated medical equipment. MEDICAL INDUSTRY MARKETS The number of oxygen users in the USA is estimated at 8 million and the global users at 22 million. With 6 million Americans visiting their doctors complaining of dizziness, Secure BalanceTM is underpinning earnings. In the USA alone, total demand for balance diagnostic and treatment solutions is 250,000 units. NEW DEVELOPMENTS - AEROPONICS INGEN plans to enter hi-tech farming. Chris Wirth, a director is involved with NASA’s aeroponics research program and is providing expert services to the Company. Key Characteristics • Reduction of fertilizers usage by up to 96% • Reduction of water usage by up to 98% • Reduction of pesticide usage by up to 99% • Growing in previously un-tillable land • Small area of 20,000 sq ft is adequate for commercially viable farm. • Double crop production volume In the USA, market potential are: Clean fresh produce without dirt, disease, insects and pesticides is worth $16B/yr. Natural Nutriceuticals: Increased useable biomass with continuous “laboratory like” conditions is worth $13B/yr. Pharmaceuticals: (molecular farming). This fledgling industry is ready to produce a *Big Bang* by generating drugs difficult or expensive to produce in any other way. Market is estimated to be worth $100B by 2015. Soil Matrix Hydroponics Tissue Culture NASA proven Technology All-in-one Multi-stage plant development (meristem to harvest) * Continuous sterilization * Re-use of all effluents * Localized environmental systems control * Isolated Leaf zone heating * * * Isolated Leaf zone cooling * * * Isolated Root zone heating * * * Isolated Root zone coling * Cost effective Micron air exchange * * Full-term plant maturing * * * Physiological control * Localized application of Gases, Plant Growth Regulators and Nutrients * * Insect-free environment * * Sterile environment * * Steady state climates (free of external influences) * * Automatic recording of regeneration and proliferation rates * Anti-chemical residual build-up and elimination * Anti-infection control * * Bio-Feedback production modelling *
IP: Logged |
posted
no but there audits are done and delivered! This thing is set up right now to rocket and Im not even shore if the wall at .015 can stop it at this point! We couild be looking at a very very big run up right here!
Rick
-------------------- Nothing moves a sub like news!!!
IP: Logged |
UBBFriend: Email this page to someone!
Printer-friendly view of this topic
