RIVERSIDE, Calif., May 22, 2013 (GLOBE NEWSWIRE) -- Ingen Technologies, Inc. (OTC Pink:IGNT) announces that Ingen's new Telecom Division, ATMC Inc. estimates monthly revenues of $400,000 to start in June-2013. Already providing services in more than 14 countries with major suppliers, and recently has new contracts with the Virginia based TATA Communications, Inc, as well as with China Unicom (Americas) Operations LTD; Ingen expects to report improved gains and margins with its ATMC subsidiary.
"Our newest member, Donn Miller, a forty year veteran in the telecom business, and Bob Ellis, President of ATMC for the past 20 years, have taken the reigns of developing the $25M expansion of the global business for ATMC. Although we continue to focus on our medical division and are prepared to report an increase in sales with our export partners; our main focus is on growth and earnings, as Ingen approaches one of its best years," stated Gary Tilden, Chairman.
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.