Med Gen Inc. (OTCBB:MGEN), manufacturer of nationally branded OTC Healthier Life Products(TM), reports strong increases in revenues. The company reports unaudited January revenue at $380,083.16 an 8,500% increase over the comparable 2006 January revenue. Fiscal year to date revenue soars 456.5% to $554,483.16. Mr. Kravitz, Chairman/CEO, said that sales from TV commercials in late February and March are expected to further advance revenues during the second quarter.
"We are at the threshold of showing the real potential of our products and our company. We are just weeks away from airing several new commercials supporting our latest weight loss products. Our revenue run rate is now at $4.5 million and could increase many times as a result of a successful running infomercial," said Kravitz.
The company reports cash on hand as of January 31, 2007 is a strong $880,760, enough to support a continuing TV campaign. Downsizing and other cost cutting measures taken during this past year have reduced monthly overhead expenses to $120,000, leaving significant capital with which to acquaint consumers to our quality products and grow the business.
About Med Gen Inc.
Med Gen Inc., in business since 1996, manufactures and markets specialty products using its proprietary delivery system Spray's the Way ("STW"). It is best known for producing the world's first patented liquid spray snoring relief formula, Snorenz(R). Since its existence, Med Gen has continued to develop its STW technology, introducing Good Nights Sleep(R) and the UnDiet(R) system into its family of brands. While STW technology is mainly used, the company also produces other products that deal with common health issues using other delivery systems. The company markets its products to distributors, major chain and drug stores, direct sales via the company web site and direct to consumer television, radio and print advertising. The company also distributes its brands internationally under various private labels or existing names.
Med Gen Inc. is a fully reporting company whose stock trades on the OTCBB under the symbol "MGEN". For information contact Investor Relations, 561-750-1100 or www.medgen.com
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.
Source: Med Gen Inc.
matto
posted
100,000,000 INSIDE BUY at .004 on 2/6/07
casviper
posted
very interesting
IMAKEMONEY
posted
SHOULD GO UP!! , THEN DOWN, GOOD OLD (MGEN)
casviper
posted
it sucks for those who purchased at .0053 today.
IMAKEMONEY
posted
BUY MGEN IN THE .0030s JMO
RockLobster
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FYI - keep an eye on the nice uptrend forming.
posted
if it holds .005 tomorrow, then a new foundation has been confirmed, which was the old resistance. Look for .007 in the near future imo with a possible breakout
RockLobster
posted
As of December 31, 2006, 289,311,265 shares of common stock, .001 par value per share, were outstanding.
100mil of it was bought by the CEO and Pres according to 2 Form 4's (same one as matto is referring to)
casviper
posted
Med Gen Reports Positive Quarter
BOCA RATON, Fla., Feb 21, 2007 (BUSINESS WIRE) -- Med Gen Inc. (OTCBB:MGEN), manufacturers of nationally branded OTC healthy life products, reports 1st Quarter 2007 results. Paul Kravitz, Chairman & CEO, said that significant gains are apparent in all categories. Our very important cash position is in excess of $800,000 providing significant capital resources for the TV campaign on "UnDiet(TM) System." The company reported an 84% increase in Net Sales to $181,000. "While the 1st Quarter results show steady growth based on a comparison of prior years quarter, the tremendous increase reported of January (unaudited) sales, which exceeded $350,000, indicates the potential growth of the company as it executes its new marketing direction and business plan. The increase in sales did not in any way increase overhead, nor is overhead expected to increase significantly in the near future. Thus the company had positive cash flow during the month of January."
Greater access to International markets are expected to add to corporate growth as more products get validated for sale in those markets. The International markets are estimated to be twice the size of the domestic market in any given category. Thus a $70 billion domestic weight loss market can translate into a $140 billion International market. Based on these statistics, Med Gen products have a total (Domestic and International) market reach in excess of $300 billion.
hedfe
posted
watch it could go macd crossing 0 for the first time in a while
R.A.
posted
Defenitely to put on the watchlist. I agree.
RockLobster
posted
Med Gen Reports Positive Quarter Wednesday February 21, 8:00 am ET
BOCA RATON, Fla.--(BUSINESS WIRE)--Med Gen Inc. (OTCBB:MGEN - News), manufacturers of nationally branded OTC healthy life products, reports 1st Quarter 2007 results. Paul Kravitz, Chairman & CEO, said that significant gains are apparent in all categories. Our very important cash position is in excess of $800,000 providing significant capital resources for the TV campaign on "UnDiet(TM) System." The company reported an 84% increase in Net Sales to $181,000. ADVERTISEMENT
"While the 1st Quarter results show steady growth based on a comparison of prior years quarter, the tremendous increase reported of January (unaudited) sales, which exceeded $350,000, indicates the potential growth of the company as it executes its new marketing direction and business plan. The increase in sales did not in any way increase overhead, nor is overhead expected to increase significantly in the near future. Thus the company had positive cash flow during the month of January."
Greater access to International markets are expected to add to corporate growth as more products get validated for sale in those markets. The International markets are estimated to be twice the size of the domestic market in any given category. Thus a $70 billion domestic weight loss market can translate into a $140 billion International market. Based on these statistics, Med Gen products have a total (Domestic and International) market reach in excess of $300 billion.
About Med Gen Inc.
Med Gen Inc., in business since 1996, manufactures and markets specialty products using its proprietary delivery system Spray's the Way ("STW"). It is best known for producing the world's first patented liquid spray snoring relief formula, Snorenz®. Since its existence, Med Gen has continued to develop its STW technology, introducing Good Nights Sleep® and the UnDiet® system into its family of brands. While STW technology is mainly used, the company also produces other products that deal with common health issues using other delivery systems. The company markets its products to distributors, major chain and drug stores, direct sales via the company web site and direct to consumer television, radio and print advertising. The company also distributes its brands internationally under various private labels or existing names.
Med Gen Inc. is a fully reporting company whose stock trades on the OTCBB under the symbol "MGEN". For information contact Investor Relations 561-750-1100 or www.medgen.com.
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.
posted ![[Wink]](wink.gif)