RIVERSIDE, CA--(Marketwire - August 08, 2012) - Ingen Technologies, Inc. (PINKSHEETS: IGNT), an emerging medical device manufacturer with proprietary medical products for the growing $4B respiratory markets announced today that the company Chairman, Gary B. Tilden, has made the following statements regarding an upcoming acquisition.
"I am very pleased to announce that Ingen will be making several acquisitions over the next 12 months as a part of its Plan of Reorganization. The first acquisition should be announced in the next few days regarding a company with a proprietary, patented line of products for the healthcare industry. This is a monumental step forward for Ingen in building a solid foundation in which to grow upon. We believe that we have a strong medical product base that will continue to create longevity for our overall increasing revenue base. In addition, the potential market for our respiratory product line is approximately $200 million annually; and the new addition of this upcoming acquisition will open up new markets for Ingen in the healthcare and health & fitness industry."
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