Ingen Gearing Up to Move $1.8 Million of Medical Inventory
January 14 2014 - 10:00AM
Marketwired
Ingen Gearing Up to Move $1.8 Million of Medical Inventory
Also, Wireless Telecom Subsidiary Prepares to Purchase More
Routes
RIVERSIDE, CA--(Marketwired - Jan 14, 2014) - Ingen Technologies
Inc. (PINKSHEETS: IGNT), (http://ingen-tech.com) the holding
company of two subsidiaries; a medical device manufacturing company
selling its patented medical products worldwide, and a newly
acquired growing wireless telecom business providing services to
major telecom companies worldwide, announced today that their
medical reps in South Africa are preparing to move the current
inventory in value of approximately $1.8 Million, while the
wireless telecom subsidiary, ATMC, has funding commitments to
purchase more routes with large carriers.
Ingen has agreed to release its entire current medical product
inventory to government sources in South Africa pursuant to
discussions during the past two years. The Oxyview® products
provide necessary tools for medical respiratory services in South
Africa. Purchase orders are anticipated in the very near future.
Potential revenue will be utilized for the expenses associated with
the upcoming move to the AMEX or OTCQB. Pursuant to the recent
shareholder conference, the Board of Directors announced their
approval for Ingen to apply for listing on the AMEX or OTCQB. This
initiative is now in progress.
"The company has really pulled itself out of a conundrum with
the unexpected news regarding South Africa's desire to purchase the
Company's medical inventory, in addition to a funding partner who
is now committed to the ATMC expansion plan at a time when the
company is planning on gaining traction in its application for
listing on the AMEX or OTCQB. Ingen is looking forward to a
potentially blockbuster year ahead," 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 Chairman 951-688-7840 www.ingen-tech.com
Email Contact www.useatmc.com
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