DALLAS, Aug. 26, 2004 (PRIMEZONE) -- Yesterday, Ingen Technologies, Inc. (CRTZ) announced today that Empire Research Associates (Empire) has issued an Initial Report on Ingen Technologies, recommending an "Aggressive Buy." StockGuru.com has now initiated Profile Coverage of Ingen Technologies.
Empire's Initial Report is available immediately at http://www.otcfn.com/crtz.
To quote from the report, "...the outlook for revenue growth is excellent. This is because the Company has a patent on its key product that is perceived to be competitively superior in features and that is to be launched into large existing medical and other markets." This from the Chairman and Founder of Empire Research Associates, William Walling.
Walling continued: "Another big economic plus for tiny Ingen is that demand for its 'medium-technology' product is totally independent of the computer software/hardware spending cycle -- which critically affects many other so-called 'tech' stocks."
About Empire Research Associates
Empire Research Associates is an independent consulting firm based in New Jersey that specializes in providing financial/economic services to small firms. Empire's three principals have over 100 collective years in investment analysis, portfolio management, and corporate finance. Walling is a Chartered Financial Analyst (CFA) and is a former four-time member of the Institutional Investor Magazine All-America Research Team. Other tenures include Director of Research at Dominick & Dominick and at Coleman and Company Securities. President and Co-Analyst Heinz Jauch has a Ph.D. in Economics, is also a CFA, was formerly a Portfolio Manager at Merrill Lynch, and founded the Department of Management Science at Pace University Graduate School where he was a professor.
Neither the information nor any opinion expressed in Empire Research Associates Reports constitute an offer, or an invitation to make an offer, to buy or sell any securities or any options, futures or other derivatives, related to such securities. Empire Research Associates, Inc. and its affiliates may trade for their own accounts in any securities of the issue(s) or in related investments. Ingen Technologies has agreed to pay the author $6,000 in cash for the preparation of this report. Empire Research does not accept liability for any loss resulting from an investor's use of, or reliance, on this report.
Empire Research has obtained information from sources that are considered reliable but it is not guaranteed that this report is accurate or complete. Considerable reliance has been placed on information the Company has released to the public domain as well as other sources. However, no representation or warranty is made as to the accuracy, reliability, or timeliness of the content. This report contains forward-looking statements, which involve risks and uncertainties, which could cause actual results to differ from those implied by these statements.
It is intended that all forward-looking statements be covered by the "Safe Harbor" provisions of Section 21E of the Securities Exchange Act of 1934. Past performance is not necessarily a guide to future results. The opinions expressed are of this date and Empire Research assumes no obligation to update, modify, or amend this report.
About Ingen Technologies
Ingen Technologies is a growth-oriented technology company that offers a diverse and progressive service and product line. The Company's flagship product is its BAFI (TM) product, the world's first, wireless digital low gas warning system for pressurized gas cylinders. BAFI, now in its second generation, is an accurate and cost-effective, real-time digital low-gas warning system that will alert users when gas levels are approaching empty.
The BAFI line has multiple applications in the medical sector, safety and protection (fire and police), aircraft, recreation vehicle and outdoor uses, as well as home and residential, construction and military.
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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.