Ingen's Telecom Division Begins Generating Profits From Its First & Second Round of Financings and Continues Growth Trend
May 06 2014 - 8:58AM
Marketwired
Ingen's Telecom Division Begins Generating Profits From Its First
& Second Round of Financings and Continues Growth Trend
RIVERSIDE, CA--(Marketwired - May 6, 2014) - Ingen
Technologies Inc's (PINKSHEETS: IGNT) Chairman of the Board, Gary
Tilden, announced Ingen's Telecom Division, ATMC, has received an
additional $50,000 from JSJ Investments as the second round of the
$500,000 commitment made by JSJ. This funding is a part of a
long-range development program approved by JSJ Investments, Ingen
and ATMC's management to develop ATMC's ability to generate
substantial new revenues from the International Wireless Telecom
Industry.
Mr. Tilden commented, "We continue to move forward developing
routes that are proving viable and to be utilized by major
International Telephone Carriers. The ATMC team has worked
tirelessly to make this happen, and we expect their efforts will
lead to substantial increases in revenues for the Telecom
Division."
"Testing and offering top quality routes will always be an ATMC
priority. Our investment in this process will lead to greater
sales, higher revenues, and long term business relationships that
are critical to the sustained growth of the business," said ATMC
President, Bob Ellis.
"We are very pleased with the work done by the ATMC team to
expand revenue opportunities with a number of International
Telephone Providers," commented David Hanson, CEO of
Ingen. "Mr. Ellis is an expert in this business and his
overall knowledge plus 20 years of executive experience in the
International Long Distance Telephone Industry is invaluable to
Ingen."
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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