YUCAIPA, Calif., July 21, 2010 (GLOBE NEWSWIRE) -- Ingen Technologies, Inc. issued a press release this morning (July 21, 2010). We need to correct a statement that appeared in the second paragraph of that statement. Instead of stating that "Ingen delisted on December 4, 2008," we intended to state that "Ingen De-Registered from the SEC (filed on December 4, 2008)." The corrected paragraph appears below:
The company will release its annual report next week, while it finalizes the audited restatements later this month as part of our return as a fully reporting company. Ingen De-Registered from the SEC (filed on December 4, 2008), at the cusp of the global recession, in order to file a Reg-D Registration and continue funding its product development and sales program. Although at the time it was a difficult decision to be made by management, it turned out to be a wise decision. The company was able to fund its ISO Certification, product inventory requirements, advertising campaign and government contract program.