JSJ Investments Inc. Directing Round-II Funding for Ingen Tech's Telecom Division
April 23 2014 - 8:30AM
Marketwired
JSJ Investments Inc. Directing Round-II Funding for Ingen Tech's
Telecom Division
2014 Continues to Be a Stellar Year for Ingen
RIVERSIDE, CA--(Marketwired - Apr 23, 2014) - Ingen Technologies
Inc. (PINKSHEETS: IGNT) Chairman of the Board, Gary Tilden,
announced that the telecom division, ATMC, is expected to receive
the second round of funding from JSJ Investments in the near
term.
This funding is a part of a long range funding program approved
by JSJ, ATMC, and Ingen management to fund ATMC's ability to
generate new revenues from the International Wireless Telecom
market on routes that have proven viable to be utilized by major
carriers.
Mr. Tilden commented, "We are very pleased with the work done by
the ATMC team to expand revenue opportunities with a number of
International Telephone Providers who have developed long standing
business relationships with ATMC over many years."
"This second round of financing comes at a time when Ingen has
successfully completed its evaluation of the initial JSJ funding
that was successfully deployed to test and market new routes for
some of the major telecom providers throughout the world."
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
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