8/14/2013 8:21:20 AM
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RIVERSIDE, Calif., Aug. 14, 2013 (GLOBE NEWSWIRE) -- Ingen Technologies Inc. (OTC:IGNT), (http://ingen-tech.com) a holding company of two subsidiaries announces today that it has come to a settlement agreement of the $2.4M Judgment with the court appointed liquidation firm, PwC Corporate Finance and Recovery (Cayman) Limited. On August 13, 2013 a Term Sheet was filed with the Law Firm of REID | COLLINS | TSAI, LLP representing PwC Corporate Finance and Recovery (Cayman) Limited. Ingen has settled the $2.4M Judgment for $300,000. The third party investor will assume the debt.
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