Ingen Technologies, Inc. 1st Quarter Revenues Exceed $500,000 PR Newswire - November 10, 2005 13:15 - Gross Profits of Over $400,000 -
CALIMESA, Calif., Nov 10, 2005 /PRNewswire-FirstCall via COMTEX/ -- Ingen Technologies, Inc. (OTC: IGTN), a medical device manufacturer of OxyAlert(TM), OxyView(TM), and Secure Balance(TM), announces the SEC Filing for the three months ending on 08/31/2005.
The Company's auditor's, Spector & Wong, LLP have released the financial statements for the first quarter from June 1st through August 31st, 2005. The total revenues generated from Secure Balance(TM) sales were $532,872, and the Gross Profit was $447,826. The company has invested a total of $6,330,713 in the research and development of all their medical products, and this accumulated deficit is expected to decrease now that OxyView(TM) and OxyAlert(TM) is near completion. The Total Current Assets of the Company have grown to $442,997, an increase from last year's Total Current Assets of $9,976. The Cash Balance at the end of the first quarter was $404,432.
"We expect to File the 8-K today, as well as amend the first 10-KSB filed last week. The following week, our legal counsel will file the other 10-KSB as scheduled. We are focused on growth, now that the restructuring is behind us. We have two major trade-shows in December for Secure Balance(TM), and our RC Engineering has successfully tested the OxyView(TM) prototype, and we are preparing to build a production model and submit this new product to the FDA for a 510(k) issuance prior to marketing the device," said Scott Sand, CEO & Chairman.
About Ingen Technologies, Inc.
Ingen Technologies, Inc. is a public company trading under NASDAQ OTC: IGTN, which has been in business since 1999. IGTN is a medical device manufacturer and a growth-oriented company that owns U.S. patent(s), trademarks, and proprietary medical products.
The Company's flagship product is OxyAlert(TM), a second-generation design of the Company's BAFI(TM) product line. Both of these products have been issued two U.S. Patents: Patent No. 6,137,417 issued on October 24, 2000 and Patent No. 6,326,896 issued on December 4, 2001. Both of these products are low-oxygen safety warning devices used on remote oxygen cylinders for patients, commercial aircraft, military transport, and fire and safety equipment. OxyAlert(TM) technology encompasses the use of digital sensing and RF frequency transfer so that care givers can access a hand-held remote to monitor the actual oxygen level of any oxygen cylinder at a reasonable distance.
The newest product, OxyView(TM), has a patent pending, and is a pneumatic gauge that provides visual safety warning of oxygen flow to hospitalized patients. This product enhances the safety, assurance and accuracy of hospitalized patients being administered oxygen from any source. OxyView(TM) is a lightweight pneumatic gauge that is attached to the oxygen tubing just below the neck. It informs the nursing staff of oxygen flow rate near the patient. It could quickly inform the hospital staff of any leak or inaccuracy between the delivery source and the patient.
The Secure Balance(TM) product is a private-label product that includes a vestibular function testing system and balance therapy system. The vestibular function testing system is manufactured by Interacoustics LTD. in Denmark and is referred to as the VNG. The balance therapy system is manufactured by SportKAT(R), Inc. in San Diego, California. The Secure Balance(TM) program provides equipment, education and training about balance and fall prevention to physicians and clinicians worldwide.
The Pure Produce(TM) product is a continuing research & development program currently under design. This program uses hydroponics technology to grow various plants without the use of soil, fertilizer and water consumption. The Company anticipates entering the nutriceutical and pharmaceutical markets over the next two years.
"Our team of professionals has developed our medical products for the ever-increasing elderly population. Our products are superior to any of our competition and they allow for 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.
Scott R. Sand, C.E.O & Chairman Ingen Technologies, Inc. - Administrative Office 35193 Avenue "A", Suite-C Yucaipa, California 92399 Phone: (800) 259-9622 or (909) 790-7180 Fax: (800) 777-1186 or (909) 795-6340 Email: Info*ingen-tech.com
A Member of the Better Business Bureau A Member of the Chamber of Commerce A Licensed Business in the City of Yucaipa
Safe Harbor for Forward-Looking Statements: This news release includes forward-looking statements that are made pursuant to "Safe Harbor" provisions of the Private Securities Litigation Reform Act of 1995. While these statements are made to convey to the public the company's progress, business opportunities and growth prospects, readers are cautioned that such forward-looking statements represent management's opinion. Whereas management believes such representations to be true and accurate based on information and data available to the company at this time, actual results may differ materially from those described. The company's operations and business prospects are always subject to risk and uncertainties. Important factors that may cause actual results to differ will be set forth in the company's periodic filings (the first of which, since reporting ceased in 1998, will be filed shortly) with the U.S. Securities and Exchange Commission.
SOURCE Ingen Technologies, Inc.
Scott R. Sand, C.E.O & Chairman of Ingen Technologies, Inc., +1-800-259-9622, or +1-909-790-7180, or fax, +1-800-777-1186, or +1-909-795-6340, Info*ingen-tech.com
Copyright (C) 2005 PR Newswire. All rights reserved.
Posted by Jmoove on :
transferred some funds and got some at 39
Posted by so uh wheres ma money on :
Awesome buy Jmoove, how high do you think this will go?
Posted by Superbee383 on :
Mannn.. I was starting to sing Titanic tunes earlier, but I think the lifeboats just came in. Here's to hoping for a good 2006.
Posted by Jmoove on :
im gonna drop it before eod
Posted by Jmoove on :
hoping for .0060, thats where my limit order sits right now
Posted by Superbee383 on :
Thanks for the warning Jmoove. But I am still hoping for a good year in '06. Like I've said before, I'm in too deep to bail.
Posted by Jmoove on :
only bought 250k worth though, not much play money left in the moneymarket account lol
Posted by Superbee383 on :
LOL I know that feeling all too well!
Posted by Jmoove on :
cmon get to 60, make that late afternoon move
Posted by Jmoove on :
surge baby surge
Posted by abefroman on :
6 - gotta be happy about that
Posted by Jmoove on :
hmmm thinking about changing my order to something higher ....
Posted by so uh wheres ma money on :
Anyone speak to Scott recently regarding the R/S?? Wasn't it supposed to have taken place already?? Anything will help..
Posted by Jmoove on :
out at 60, ill take my 50% and run
Posted by abefroman on :
OK anyone think this runs back to .15 or so??
Posted by HILANDER on :
quote:Originally posted by so uh wheres ma money: Anyone speak to Scott recently regarding the R/S?? Wasn't it supposed to have taken place already?? Anything will help..
Good call, been gone and now that I am back I spend most of my day fighting the VA over my disability and trying to find a job now that the Army has kicked me to the curb. Any info about the R/S would be greatly appreciated.
Posted by yourdiligence on :
I suppose some news is better than spectacular news...IGTN has its hands in many different ventures but is at huge risk for failure due to its expense vs. profit ratios. Moreover, they have already lost the trust and respect of many devoted shareholders with upcoming R/S that only can mean dilution pollution. Opens door for several hundred million more O/S--feel free to invest your hard-earned dollars in this one but realize over last several months a large number of individuals have been absolutely burned by co. I still have a very small position here but I would just advise anyone doing some very hard DD on this co. before thinking about buying in. Finally,if this company is such a bright prospect shouldn't they issue a buyback so PPS can recover to equitable levels for shareholders rather than suck $$$ out of each and every share while increasing O/S?
Posted by Jmoove on :
gapping hard
67x70 3x2
Posted by Jmoove on :
70x75
Posted by Superbee383 on :
quote:Originally posted by yourdiligence: I suppose some news is better than spectacular news... they have already lost the trust and respect of many devoted shareholders with upcoming R/S that only can mean dilution pollution. Opens door for several hundred million more O/S-- I would just advise anyone doing some very hard DD on this co. before thinking about buying in. Finally,if this company is such a bright prospect shouldn't they issue a buyback so PPS can recover to equitable levels for shareholders rather than suck $$$ out of each and every share while increasing O/S?
Ok, maybe I'm not reading what you wrote correctly, but how does it create several hundred million MORE O/S? A reverse split, (and I am taking this directly from my series 7 book): " While a FORWARD SPLIT creates MORE shares that are worth less and increase the number of authorized shares, a REVERSE SPLIT creates LESS shares that are worth more. A forward split adjusts the market price of a stock downward and a reverse split adjusts it upward." So the way I am reading this, a reverse split is going to lower the outstanding stock.
Posted by dalton05 on :
ews for 'IGTN' - (Ingen Technologies, Inc. Expands Secure Balance Distribution - IGTN Opens Market in New England States -)
CALIMESA, Calif., Nov 16, 2005 /PRNewswire-FirstCall via COMTEX/ -- Ingen Technologies, Inc. (OTC: IGTN), a medical device manufacturer of OxyAlert(TM), OxyView(TM), and Secure Balance(TM), announces the strategic exclusive distribution agreement with Siegel Performance Systems, Inc.
Siegel Performance Systems has been a distributor of fitness and rehabilitation products for over 25 years, and has provided products for professional sports, hospitals and clinics throughout the New England area. Siegel Performance Systems is also known to provide the best service in the industry with well-trained customer service representatives with high quality; factory trained certified technicians throughout the country to provide the most professional service in the industry.
SIEGEL PERFORMANCE SYSTEMS
12 Christa Court
Huntington, NY 11743
Mark Siegel
President
Phone: 631-367-9044
Fax: 631-367-2648
Email: msiegel*optonline.net
Scott Sand, CEO & Chairman, stated: "We now have a strong distribution rep group in the New England area that has an established client base and strong reputation. We will support Siegel Performance Systems with the Secure Balance(TM) brand of products and services, as well as an affective advertising campaign."
Siegel Performance Systems has 45 reps that will distribute Secure Balance(TM) products and services. Secure Balance(TM) offers a complete approach to the evaluation of balance and fall prevention, offering both the diagnostic and the rehabilitative tools to help patients regain their balance.
About Ingen Technologies, Inc.
Ingen Technologies, Inc. is a public company trading under NASDAQ OTC: IGTN, which has been in business since 1999. IGTN is a medical device manufacturer and a growth-oriented company that owns US patent(s), trademarks, and proprietary medical products.
The Company's flagship product is OxyAlert(TM), a second-generation design of the Company's BAFI(TM) product line. Both of these products have been issued two US Patents: Patent No. 6,137,417 issued on October 24, 2000 and Patent No. 6,326,896 issued on December 4, 2001. Both of these products are low-oxygen safety warning devices used on remote oxygen cylinders for patients, commercial aircraft, military transport, and fire and safety equipment. OxyAlert(TM) technology encompasses the use of digital sensing and RF frequency transfer so that care givers can access a hand-held remote to monitor the actual oxygen level of any oxygen cylinder at a reasonable distance.
The newest product, OxyView(TM), has a patent pending, and is a pneumatic gauge that provides visual safety warning of oxygen flow to hospitalized patients. This product enhances the safety, assurance and accuracy of hospitalized patients being administered oxygen from any source. OxyView(TM) is a lightweight pneumatic gauge that is attached to the oxygen tubing just below the neck. It informs the nursing staff of oxygen flow rate near the patient. It could quickly inform the hospital staff of any leak or inaccuracy between the delivery source and the patient.
The Secure Balance(TM) product is a private-label product that includes a vestibular function testing system and balance therapy system. The vestibular function testing system is manufactured by Interacoustics LTD. in Denmark and is referred to as the VNG. The balance therapy system is manufactured by SportKAT(R), Inc. in San Diego, California. The Secure Balance(TM) program provides equipment, education and training about balance and fall prevention to physicians and clinicians worldwide.
The Pure Produce(TM) product is a continuing research & development program currently under design. This program uses hydroponics technology to grow various plants without the use of soil, fertilizer and water consumption. The Company anticipates entering the nutriceutical and pharmaceutical markets over the next two years.
"Our team of professionals has developed our medical products for the ever-increasing elderly population. Our products are superior to any of our competition and they allow for 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.
Posted by Jmoove on :
check out the chart... Boli's tight, stoch low, macd trending up
Might be worth a spin, just watch out for that R/S!
Still long. Thank God that R/S hasn't happen yet. Maybe good news before. Back working days and know time to play. GL
Posted by Superbee383 on :
I'm still holding too. And hoping! Have any of you added to lower your average? Or have any of you sold part or all of your holdings already? And, does anyone have any idea why the R/S hasn't gone through yet? It seems like if he changed his mind, he'd have announced it. My thinking is, he wants the price higher first. If it was at .05 when he did the split, the price would have been 2.00 afterwards, which would look much better for bigger investors. I just wish we knew the what's and the when's.
Posted by tyleemary on :
Superbee383... I actually spoke to IGTN Scott Sand a few days ago about when the reverse split. His response was, "these things take time". "They don't happen over the weekend".
Posted by Superbee383 on :
Thanks for the update DWE.. Sure seems like it happens fast for the other ones that do the R/S. I still think he's waiting for the px to go higher. If that's the case though, by the way it's going, he's got a long wait. I'm still in it, but now it's just not looking too promising. I guess I just have to wait it out. Posted by Jmoove on :
pps getting rediculously low, about to buy some more, just going to wait for the 2pm OTC daily list to come out to see if its on the r/s list. If its not I see this bouncing from current left to .0040 very easily, nice 33% gain
Posted by Jmoove on :
said screw it and picked up about 400k at 29
29x35 1x3
Posted by special ed on :
Hey fellas, so what's the consensus on this. I already gave up and sold off my entire position for a MAJOR loss but thank the lord GZFX was around to save my a$$ and get me back in the game.
Is RS going through or what? Will probably just buy back in since it's already lower than what I sold it for but that's alot of volume for a red day today.
Posted by Jmoove on :
here we go
only one mm left on 35
Posted by Jmoove on :
just got rid of my shares this morning at 42, just about 50% profit :-)
Posted by Lucas Brachish on :
quote:Originally posted by Jmoove: said screw it and picked up about 400k at 29
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