Wednesday, February 23, 2005
Ingen Technologies Enjoys Revenue Jump - Secure Balance™ Sales Skyrocket
For Immediate Release:
Calimesa, CA - February 23, 2005: Ingen Technologies (OTC: IGTN), a medical device manufacturer and service provider for medical and consumer markets, announced today that it has received $250,000 in Secure Balance™ orders in the past 7 days, with pending orders of $550,000 for March.
The increase in revenues is an indicator that Ingen Technologies will exceed the predicted revenues for 2005. With the elderly population expected to double within the next 15 years, Secure Balance™ can expect a steady increase in revenues.
Scott Sand, CEO & Chairman of Ingen Technologies, stated, “Our marketing and advertising program for Secure Balance™ is starting to pay off. We have enlisted the most experienced medical sales people and physicians to launch and support our Secure Balance™ products and services.”
Sand continued, “There are currently, 4 million patients each year that visit their physician with complaints of dizziness. Although these symptoms are more prevalent with adults over age 55, the Secure Balance™ program has helped people of all ages regain their balance. In most cases, the Secure Balance™ program enables patients to return back to a normal and healthy lifestyle.”
About Ingen Technologies
Ingen Technologies (OTC: IGTN), in business since 1999, is a medical device manufacturer and service provider for medical and consumer markets both domestic and abroad. Currently increasing revenues are generated from the Company’s Secure Balance™ program; a medical product line for physicians and hospitals that provide patient services for Balance & Fall Prevention programs. The OxyALERT™ is another product line that has an issued US Patent and is a proprietary technology. This product is the second generation development of the Company’s initial BAFI™ product; a medical safety device that provides wireless and remote monitoring of oxygen delivery systems for patients and small aircraft. Using the same patented and proprietary technology, the Company has the GasAlert™ product; a device that interfaces between any gas line and accessory, such as a water heater, dryer, stove or heater, to detect leaks. This is a mass consumer item expected to go to market in 2005.
“Our team of professionals has developed medical products for the growing elderly population. These products are superior to any of our competition and they allow effective medical product availability to seniors, and at the same time the demand allows for a steady growth in sales and profits”; said Scott Sand, CEO & Chairman of Ingen Technologies.
FOR MORE INFORMATIO VISIT www.ingen-tech.com
Investor Relations Contact: Scott R. Sand, C.E.O & Chairman
Ingen Technologies, Inc.
285 E. County Line Road
Calimesa, CA 92320
800-259-9622
951-675-3266
800-777-1186 FAX
[email protected]
Safe Harbor for Forward-Looking Statements: This news release includes forward-looking statements that are made pursuant to “Safe Harbor” provisions of the Private Securities Litigation Reform Act of 1995. 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 set forth in the company’s periodic filings with the U.S. Securities and Exchange Commission.
Download this article in PDF format: IGTN-News20050223.pdf