I’m very excited about this stock. Here are the highlights of the last 3 months’ PR’s:
_____June 14
The Company Announces It is Now Debt Free
….income for the 2004 fiscal year to be approximately $1 million dollars, bringing in $285,000.00 of profits. IGTN is also proud to announce that the income for the first 2 quarters of 2005 to be approximately $700,000.00, already toppling the income of the previous year.
The Chairman and CEO of Ingen Technologies, Inc, Scott Sand reports that the Company can also anticipate sales from $1,500,000.00 to $2,000,000.00 for the end of fiscal year 2005. These sales should bring $712,000.00 to $855,000.00 in gross earnings.
____June 15
[The company] announced today that with the cooperation of the Southeastern Neuroscience Institute, Inc. and Preferred Provider Care, Inc., a television commercial is scheduled for release in the State of Florida.
'Florida comprises a large majority of seniors, as well as a large number of physicians. The Secure Balance(TM) commercial will target seniors,' said Jacob Green, M.D., Founder of the Southeastern Neuroscience Institute.
The Secure Balance(TM) products have been pushing the company earnings, and continue to show linear growth in a growing elderly market. 'The commercial will drive sales and investor confidence as we begin the process of transitioning from the pink sheets to the OTCBB.
____June 21
Ingen Technologies Prepares to Launch OxyAlert(TM)
- OxyAlert(TM) Will Impact $45M in Sales First Part of Next Year -
With the rapid increase of our elderly population, sales are expected to experience a linear increase.
OxyAlert(TM) … falls under both of the issued US patents held by the Company.
The Company continues to increase earnings and launch new medical products….
____June 29
Ingen Technologies Announces the Acquisition of Land and Patents
- The Company Increases Its Assets by $2M -
[Company announces] the acquisition of 2 acres of land in Pitsgrove, New Jersey [for $1 million.]
The property will be the new site of the Pure Produce(TM) facility. 'This 12,000 sq-ft facility is scheduled to grow aeroponic produce. This organic produce will yield earnings in excess of $5,000,000.00 annually and move the company closer to the $30B neutricutical and pharmaceutical industry.
Company has purchased patents related to OxyAlert(TM) and BAFI(TM). Company has invested more than $4M in the development of BAFI(TM) and OxyAlert(TM). [From July 12 PR: Value of patents exceeds $1 million.]
___July 27
Ingen Technologies Introduces OxyView(TM)
$450 Million Annual Revenue Potential Seen for Oxygen Monitor
'This innovative device is estimated to possess a $450 million annual revenue potential over the next few years, assuming it captures a 30% market share which we consider to be an attainable objective,' said William Walling, Certified Financial Analyst.
Donn Harms, Esq., a San Diego-based patent attorney, has recently filed for U.S. patents on this unique technology for Ingen.... 'As simple as it sounds, there is nothing in the hospital industry presently that competes with OxyView(TM)…. In today's medical industry where malpractice and liability is a more serious issue, OxyView(TM) enhances safety and can reduce liabilities associated with equipment failure.’
The OxyView(TM) retail price is $75, and this device is a consumable item. The Company has engaged RC Product Development & Engineering in Corona, CA to build the unit. 'This device is completely pneumatic and extremely accurate. We will have production of the unit ready in three months,' said Richard Campbell, President of RC Product Development & Engineering.
Scott Sand, CEO & Chairman, added: ‘…it is important for investors to recognize that the incremental revenues expected to be derived from OxyView(TM) as it achieves market penetration….’
____July 28
Company will be featured in an upcoming article of Investor's Business Daily [August 1st, 2005.]
____August 11
Ingen Technologies Prepares to Announce Audited Financial Results
[Will release] filing schedule to move to the OTCBB on or before the end of August-2005. [Didn’t happen, but will happen the week of Labor Day.]
‘…I am more eager than anyone to complete the necessary steps in moving to the OTCBB,' said Scott Sand, CEO & Chairman.
____August 22
Ingen Technologies Launches National Ad Campaign for Secure Balance(TM)
[The company] has signed one-year agreements with MPAmedia, Inc. and Lippincott, Williams & Wilkins Corp. to spearhead a national advertising campaign for Secure Balance(TM).
Secure Balance(TM) will reach 60,000 chiropractors and 20,000 neurologists and hospitals through major journals and publications in each of the respective industries. 'The Secure Balance(TM) full-color advertising will reach our 60,000 chiropractic members in our monthly publication DynamicChiropractic(R),' said Paula Walker of MPAmedia. DynamicChiropractic(R) is the largest bi-monthly direct publication for the chiropractic industry. And, Secure Balance(TM) will be featured in other MPAmedia publications as an editorial geared towards increasing the awareness of the Secure Balance(TM) products.
Further, the Company has invested into the expensive advertising of the Official Journal of The American Academy of Neurology with a circulation of 20,000 specialists. This journal was established in 1951 and is the leading publication in the specialty of neurology. This is a peer-reviewed journal directed to neurologists concerned with diseases and conditions of the nervous system. Secure Balance(TM) specifically targets the central nervous system as it is related to vestibular and balance disorders. The purpose of this publication is to advance the field by presenting new basic and clinical research on all aspects of neurological diseases with emphasis on knowledge that will influence the way neurology is practiced. 'We will close advertising space in the September 27th issue, and the advertisement of Secure Balance(TM) looks great,' said Al Lucchesi of Lippincott, Williams & Wilkins Corp.
____August 25
Ingen Technologies Considers Acquisition of InfraredMed, Inc.
"...[We have] a ready for market non-invasive diagnostic system for early detection of breast cancer," said Victor Yannacone. InfraredMed Corporation
"I plan to meet with Mr. Yannacone in our new Yucaipa-California office next Tuesday in order to structure the acquisition and move forward." said Scott Sand, CEO & Chairman of IGTN…. This acquisition, and several others, will allow the Company to be listed on the micro-caps. Our objective is substantial growth and a strong valuation of the stock,' said Scott Sand, CEO & Chairman.
____August 30
Ingen Technologies Releases National Infomercial
- Secure Balance(TM) Infomercial Expected to Reach Millions of Consumers –
…the release of the Secure Balance(TM) infomercial will directly reach thousands of physicians and millions of consumers.
Further, the Secure Balance(TM) products will appear at the 58th Annual Meeting for the American Academy of Neurology in April-2006, and more recently the Secure Balance(TM) products were invited to be debuted at the International Academy of Chiropractic Neurology (IACN) Annual Symposium on Palmer's Campus in Daytona Beach, FL on October 13-16, 2005.
The Company auditors have completed the 2003-2004 financial audits, and have stated to complete 2004-2005 audits within the next several days. 'The complexity of the audits resulted in taking longer to complete. The 2003-2004 year involved the auditing of all stock holders, merger agreements and CRTZ financial data. With that behind us we will finish 2004-2005 by next week, and begin on the first quarter of 2005-2006 year ending May 31, 2006.' Said Harold Spector,CPA and principal of Spector & Wong LLP.
The year ending May 31, 2004 shows a Net Operating Loss (NOL Carry Forward) of $5,307,034.62 due to expenses invested into Research & Development (R & D) of the Company product lines. Total sales for 2003-2004 were $901,542, with expenses of $689,039.62. Net(income) Before Taxes was $278,530.42.
[Note the company announced after the $5.3 million expenditures it was debt free, and the company had a profit margin of 30% in fiscal year of 2003-2004, which vastly above average for this type of company.]
