Ingen Gains More Traction With Topout in the UK
November 01 2013 - 1:50PM
TOPOUT PURCHASES OXYVIEW—INGEN MEDICAL PRODUCTS PURCHASED BY THE
US DEPARTMENT OF INTERIOR AND HOMELAND SECURITY—TATA COMMUNICATIONS
CONTRACTS EXPANDING REVENUES—CHINA UNICOM CONTRACTS EXPANDING
REVENUES—PROJECTED REVENUES OF $25 MILLION EXPANSION—IGNT
SETTLEMENT REDUCTION IN $2.4 MILLION—INGEN PREPARING FOR A SHARE
BUY BACK PROGRAM AND DIVIDEND PROGRAM—IGNT PREPARES FOR MORE
TELECOM ACQUISITIONS –TELECOM INDUSTRY REVENUES AT $4.7 TRILLION
AND 3 PERCENT OF THE GROSS WORLD PRODUCT—INGEN AND ATMC TELECOM
BUSINESS HAS CONTRACTS WITH GLOBAL TELECOM LEADERS
Ingen Technologies Inc. (OTC:IGNT), (http://ingen-tech.com) a
holding company with revenue generating subsidiaries in Medical
Device Manufacturing and Telecom Services Industries announces
today that the company has received more purchase orders and has
delivered 100 more Oxyview units to the world renowned UK based
Topout company and leader in high altitude oxygen delivery systems
for serious mountain climbing adventures worldwide. Ingen's Oxyview
product recently went to the top of Mt. Everest.
http://topout.co.uk/
The results of hard work are beginning to pay off as Ingen's
patented and proprietary medical products continue to gain global
recognition for its application, technology and quality. The sales
have been at a crawl the past few years while Ingen realigned the
company, and the management team has pushed hard this year as there
have been spikes in purchase orders from the US Department of the
Interior, and the Department of Homeland Security.
The military market accounts for over 20 million consumers and
spends over $1 trillion annually. Ingen's medical products have
climbed Mount Everest, and is now sailing away on the worlds most
advanced nuclear powered aircraft carrier.
"We are pushing real hard," said Gary Tilden, Chairman.
"Government orders and high-end product manufacturers are now using
our medical products with great satisfaction as the overall economy
and Wall Street continue to improve. Recently our national
distribution center for the medical division has upgraded their
customer online purchasing systems to improve buying traffic for
our products. The potential for our medical products is $50M in
annual sales and Ingen plans to reach that goal. Although we have
been approached by outside buyers to sell our medical division, if
our medical product continues to show promise, we will have to make
a decision whether to sell it or keep it, as our team is focused on
our growing telecom business. Management continues to close major
service contracts with large telecom carriers," stated Gary Tilden,
Chairman.
Safe Harbor for Forward-Looking Statements: This news
release includes forward-looking statements. 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 are and will be set forth in the company's periodic
filings with the U.S. Securities and Exchange Commission.
CONTACT: Gary Tilden
951-688-7840
Email Contact: Info@Ingen-Tech.com
Medical Division: www.ingen-tech.com
Telecom Division: www.useatmc.com
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