MDGN has a great history ..if you don't know the stock .. read the PR and see the its reaction for them .. TODAY is huge!! the PR i was waiting for has arrived ... Looking for at least 0.50 $ today ... again do your own DD ... but remember wannabe_trader told ya!! 
Press Release Source: Med Gen Inc.
Med Gen Announces Financial Results
Wednesday November 3, 8:00 am ET
BOCA RATON, Fla.--(BUSINESS WIRE)--Nov. 3, 2004--Med Gen Inc. (OTCBB:MDGN - News), manufacturers of the national brands Snorenz®, snore relief throat spray and Good Night's Sleep®, sleep aid throat spray, announced today that it has posted revenues for the month of October 2004 that exceed same month revenues for 2003 by over 45%. October shipments were $97,721 as compared to shipments for October 2003, which were $53,892. In addition, the cash position, when comparing the same two years, increased 64% to $173,000 from $61,000.
Gross Profit increased 60% to $69,755 as compared to 2003 Gross Profit was $27,262. The company showed a small net loss of $24,880. "However had it not been for unusually high purchases, gearing up for new business and a one time Consulting fee, the company would have been profitable for the month," said Paul Kravitz Chairman and Chief Executive. This marks the third consecutive month of sales increases and indicates a steady rise in company performance. A mark of future performance is backlog (unshipped orders). Company backlog is $52,000. When compared to the backlog in 2003, which was $16,583 an increase of 68%, the comparison overall is an indication of steady growth plus a forecast for an excellent November.
Increases in shipments and sales increases can be attributed partially to the companies aggressive advertising programs and partially to the building of customer loyalty to the Snorenz® and Good Nights Sleep® brands. Starting November 15 the company will air its newest advertising messages targeting consumers in New York City, Los Angeles, Chicago, Phoenix, Tucson, Rhode Island and Boston.
The Company will continue to seek ways to gain market share in this $1.6 billion market. "Obviously the tremendous amount of money being invested now by management in advertising and other promotional activities will surely pay off in the near term, bringing increased visibility and interest from investors as well as increased business and profits," said Paul Kravitz, Chairman and Chief Executive.
This Press Release contains or incorporates by reference "forward-looking" statements including certain information with respect to plans and strategies of Med Gen Inc. For this purpose, any statements contained herein or incorporated herein by references that are not statements of historical fact may be deemed forward-looking statements. Without limiting the foregoing, the words "believes", "suggests", "anticipates", "plans", "expects", and similar expressions are intended to identify forward-looking statements. There are a number of events or actual results of Med Gen operations that could differ materially from those indicated by such forward-looking statements.
Med Gen, Inc. is a publicly traded company on the OTCBB exchange "MDGN".
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Contact:
Med Gen Inc., Boca Raton
Paul B. Kravitz, 561-750-1100
Web Site: http://www.medgen.com
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Source: Med Gen Inc.
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