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News for 'IGTN' - (Ingen Technologies Releases National Infomercial - Secure Balance(TM) Infomercial Expected to Reach Millions of Consumers -)
CALIMESA, Calif., Aug 30, 2005 /PRNewswire-FirstCall via COMTEX/ -- Ingen Technologies, Inc. (OTC: IGTN), a medical device manufacturer of OxyAlert(TM), OxyView(TM), and Secure Balance(TM), and also a developer of Pure Produce(TM), announces that it has completed the Secure Balance(TM) infomercial and expects positive results.
While the Company launches a national advertising and marketing campaign, the release of the Secure Balance(TM) infomercial will directly reach thousands of physicians and millions of consumers. "The 10 minute infomercial on the Secure Balance(TM) products and services was strategically designed to penetrate competitive products and reach neurology and chiropractic markets." Said Jacob Green, MD, President of the Southeastern Neuroscience Institute in Jacksonville, Florida.
The Company has contracts with major neurology and chiropractic based advertising agencies to publish Secure Balance(TM) layouts within their core journals. Further, the Secure Balance(TM) products will appear at the 58th Annual Meeting for the American Academy of Neurology in April-2006, and more recently the Secure Balance(TM) products were invited to be debuted at the International Academy of Chiropractic Neurology (IACN) Annual Symposium on Palmer's Campus in Daytona Beach, FL on October 13-16, 2005. "We would like to invite your company to send a representative to address our group for 15-30 minutes, followed by Q&A by our panel of experts. You are also invited to set up an exhibitors booth if you so desire." Said Dr. Ferezy, DC, FIACN and President of IACN.
"Our Secure Balance(TM) infomercial is easily accessible from the Company website, and will spread like wild fire among the medical industry. We expect an increase in Secure Balance(TM) sales and this will certainly feed our growth when we are listed on the OTCBB." Said Scott Sand, CEO & Chairman of Ingen Technologies, Inc..
The Company auditors have completed the 2003-2004 financial audits, and have stated to complete 2004-2005 audits within the next several days. "The complexity of the audits resulted in taking longer to complete. The 2003-2004 year involved the auditing of all stock holders, merger agreements and CRTZ financial data. With that behind us we will finish 2004-2005 by next week, and begin on the first quarter of 2005-2006 year ending May 31, 2006." Said Harold Spector,CPA and principal of Spector & Wong LLP.
The year ending May 31, 2004 shows a Net Operating Loss (NOL Carry Forward) of $5,307,034.62 due to expenses invested into Research & Development (R & D) of the Company product lines. Total sales for 2003-2004 were $901,542, with expenses of $689,039.62. Net(income) Before Taxes was $278,530.42.
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.
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"Our Secure Balance(TM) infomercial is easily accessible from the Company website, and will spread like wild fire among the medical industry. ____________________________________________ Very optimistic statement. I guess time will tell.
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etrd already left the .027 ask, fled to .031
-------------------- Choosing individual stocks without any idea of what you're looking for (or without reliable information) is like running through a dynamite factory with a burning match. You may live, but your still an idiot.
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I hope we climb steadily today. Isnt it rumored that there will be pr thurs. as well? if so what could it be, anyone have any ideas. Jmoove: were you able to find FOT's pick yet?
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not for sure, I have a couple ideas though :-)
-------------------- Choosing individual stocks without any idea of what you're looking for (or without reliable information) is like running through a dynamite factory with a burning match. You may live, but your still an idiot.
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one left on 27, schb off the ask, doms joins the bid
265x27 2x1
-------------------- Choosing individual stocks without any idea of what you're looking for (or without reliable information) is like running through a dynamite factory with a burning match. You may live, but your still an idiot.
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-------------------- Choosing individual stocks without any idea of what you're looking for (or without reliable information) is like running through a dynamite factory with a burning match. You may live, but your still an idiot.
IP: Logged |
-------------------- Choosing individual stocks without any idea of what you're looking for (or without reliable information) is like running through a dynamite factory with a burning match. You may live, but your still an idiot.
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IGTN pressure building for move much higher. Volume big this morning on news of NATIONAL INFOMERCIAL. Shorters are under pressure to cover before move to the BB, which is expected to take place on Sept. 12.
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RyGuy it's going to have a huge effect on the price. Not only will the shorters be desperate to cover, but they will also increase the price so they can sell the shares they accumulated much higher than for what they paid for them.
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-------------------- Choosing individual stocks without any idea of what you're looking for (or without reliable information) is like running through a dynamite factory with a burning match. You may live, but your still an idiot.
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Kenjr, they are debt free, so I assume the R & D was paid from cash reserves. ____________________________________________ 'The Company's audits are expected to be published no later than next week. With increased earnings, no debt, cash reserves, new product sales and move to the OTCBB; Ingen Technologies should demonstrate increased share value for its many investors and shareholders,' said Thomas Neavitt, CFO.
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-------------------- Choosing individual stocks without any idea of what you're looking for (or without reliable information) is like running through a dynamite factory with a burning match. You may live, but your still an idiot.
IP: Logged |
-------------------- Choosing individual stocks without any idea of what you're looking for (or without reliable information) is like running through a dynamite factory with a burning match. You may live, but your still an idiot.
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Expect more news on Thursday. Today's news of the company having a national infomercial is tremendous. This is still very cheap. Expect more news on Thursday. On top of that, shorters are short IGTN for 75 days and are under pressure to cover; manipulation has slowed to a trickle, indicating they lost some of their privileges.
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