Ingen Negotiating for a Second Acquisition With Established Company in the Wireless Internet Business
May 21 2014 - 9:05AM
Marketwired
Ingen Negotiating for a Second Acquisition With Established Company
in the Wireless Internet Business
RIVERSIDE, CA--(Marketwired - May 21, 2014) - Ingen
Technologies, Inc.'s (PINKSHEETS: IGNT) Chief Executive Officer,
David S Hanson, continues negotiations with what would be Ingen's
second acquisition this year.
The Company has positioned itself and continues to discuss this
acquisition with a Wireless Internet and Satellite delivered
Entertainment business, based in California. This would be
Ingen's second acquisition since the beginning of the year, the
first being ATMC. This new potential acquisition has been
delivering product for over 15 years with annual revenues in excess
of $1,000,000.
"We anticipate increasing revenues by providing a new, publicly
owned entity to our potential acquisition company, in addition to
the necessary capital to purchase product and aggressively expand
their business," stated Mr. Hanson, CEO - Ingen Technologies,
Inc.
Once the deal is finalized, the company plans to announce the
specific details at a later date. Mr. Hanson is extremely
confident Ingen can close this acquisition in the near future which
will help increase Ingen's positive momentum in the wireless
industry.
"The wireless industry allows Ingen to diversify its holdings
which should lead to further growth and prosperity in the future,"
added Gary B Tilden, Chairman - Ingen Technologies, Inc.
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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