- "This has been a very good year for Ingen in terms of direction, change and growth." -
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RIVERSIDE, Calif., Nov. 21, 2013 (GLOBE NEWSWIRE) -- Ingen Technologies Inc. (OTC:IGNT) (http://ingen-tech.com), a holding company with wholly owned subsidiaries in the medical device market and telecom industry, announces today the following statement from the Chairman of the Board, Gary B. Tilden.
"This has been a very good year for Ingen in terms of direction, change and growth. The company has been able to resolve over $2.4M in debts, acquire a new business in the telecom industry with a $25M growth budget, build a better management team and Board of Directors with experience and credentials, work on resolving its issues with DTCC to gain DTC Eligibility, and implement a plan to move its operations on to the OTCQB with projected annual earnings of $50M. Projections for 2014 are very promising, now that the company has implemented the reorganization plan and demonstrated its growth potential this past year. We are focused on increasing the value of this company for our shareholders," stated Gary B. Tilden, Chairman.
Financial Analyst Report: http://www.otcmarkets.com/financialReportViewer?symbol=IGNT&id=95782
Product Video and Presentation: http://www.otcmarkets.com/stock/IGNT/video-and-presentations
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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.