posted
I notice this stock an my watchlist always fluctuates between .0050 and .0075. Great for flipping. I just wish I had a couple of grand to throw at it the next time it is in the .0050's range.
Posts: 712 | Registered: Mar 2006
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BOCA RATON, Fla., Nov 30, 2006 (BUSINESS WIRE) -- Med Gen Inc. (MGEN, Trade ), manufacturers of nationally branded OTC Healthier Life Products, announced that it has achieved significant sales increases across a broad spectrum of activity.
On a same year month to month basis and as of November 28, 2006, November sales showed an 1100% increase over October sales. On a year to year basis at the close of the day on November 28, 2006, November sales compared with those of 2005 showed a 300% increase. Unaudited sales for November were $116,978.78.
"The company's continuing advertising programs on TV, Radio and Print are expected to show continued sales increases through the balance of this current fiscal year," said Paul Kravitz, Company Chairman and CEO. He continued, "it should be no surprise to anyone that follows Med Gen, that the company, during this past year, has undergone a complete metamorphous from retail sales orientation to direct to consumer programs; in the process filming five commercials and completing four new Internet Sites. The cost to the company, an excess of $1.5 million."
The overriding decision to attempt this corporate conversion in marketing strategy centered on the marketing reach of the Med Gen product lines, which exceeds $100 billion and the tremendous cost involved in selling major chains and discount stores. "This was a risky decision," said Kravitz. "However, declining margins and lack of capital left management with few choices." Med Gen has an extraordinary, strong shareholder base, one that deserves to see a prospering company and although small, this November's sales results go a long way in proving the validity of this past years efforts.
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 Un-Diet(TM) 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.
Med Gen Inc., Boca Raton Paul Kravitz, 561-750-1100
posted
i have been watching this stock for the longest time...just waiting for it to break .007, it finally did and i am loading the boat fiercly on this one..really liking it here
-------------------- please dont trade stocks on my alerts, do your dd first. Posts: 5265 | From: Alberta | Registered: Jan 2006
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6.7 mil volume...i am sure we see a huge run today...i really hope so cause i have been watching and wait for a long time on this one...and it better pay off
-------------------- please dont trade stocks on my alerts, do your dd first. Posts: 5265 | From: Alberta | Registered: Jan 2006
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posted
guess who is going to come and help us with this one, as he is loving..... let me give u some hints: very fat, rich, he stinks lol, and his name starts with S and ends with 3z's...this is going to be huge today
-------------------- please dont trade stocks on my alerts, do your dd first. Posts: 5265 | From: Alberta | Registered: Jan 2006
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posted
Trust me. I know MGEN.. I've been trading this baby for 2 years... It will dip so quick.. Just be patient.
Posts: 2102 | From: Dayton, Ohio | Registered: Feb 2006
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posted
RC, i have been wathcing this guy for a while, never gets passed .007 today its flying passed it..we will end north of .01, i am pretty sure of that
-------------------- please dont trade stocks on my alerts, do your dd first. Posts: 5265 | From: Alberta | Registered: Jan 2006
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posted
itsjinx, i am waiting for the .01 break after that going to watch it and see how much momo is still in it, then based on that we can see but right now i have mmy sell in at .014
-------------------- please dont trade stocks on my alerts, do your dd first. Posts: 5265 | From: Alberta | Registered: Jan 2006
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