YUCAIPA, Calif., Sept. 27 /PRNewswire-FirstCall/ -- Ingen Technologies, Inc. (http://www.ingen-tech.com), a medical device manufacturer, announced today that it has delivered the first 10,000 Oxyview(TM) units to Invacare Supply Group as a part of their agreement to deliver an initial 35,000 units at special pricing as defined in the 3 year exclusive contract.
The Company has received its initial purchase order and has delivered 10,000 Oxyview's to Invacare Supply Group distribution centers located in Massachusetts, California, Georgia, Texas, Indiana, and New Jersey. Invacare Supply Group has more than 35 core sales professionals that represent 25,000 distributors of home health care products in 80 countries. Ingen maintains 70,000 Oxyview units in inventory at all times in its manufacturing production plant located in Ontario, California. "We have doubled our ISO qualified production process to meet the demands of the Invacare Supply Group. With a potential of millions of units sold annually, Ingen can produce 300,000 units per month, which represents over $7M worth of product monthly." Stated Chris Wirth, COO.
Scott Sand, CEO, stated; "Our sales and marketing staff look forward in training the core sales professionals of Invacare Supply Group in their Massachusetts location on October 2nd, further ISG is debuting the Oxyview(TM) product at the Medtrade Show in Orlando, Florida on October 4th. Each ISG sales professional will reach out to their distribution network over the next few weeks to start selling Oxyview(TM)."
The Company's legal counsel and various market makers have prepared the c211 documents to request the NASD for approval to up-list to the Over-the Counter Bulletin Board. "This up-listing to the OTC-BB has been a long process ..." said Thomas Neavitt, CFO. "... bringing current all SEC reporting obligations has been accomplished and we look forward to market growth over the next several weeks."
About Ingen Technologies, Inc.
Ingen Technologies, Inc., a Georgia Corporation, is a medical device manufacturer and a publicly traded company trading under NASDAQ OTC:IGTG, which has been in business since 1999. With FDA issued products, and a certified manufacturer with the Department of Health Services as a medical device manufacturer, the company markets proprietary products and markets cutting-edge medical technologies designed to increase accuracy of medical care and prevent unnecessary medical costs associated with today's healthcare industry. Ingen owns a variety of intellectual biotech property including several US patent(s) and several Foreign Patent(s) either issued or pending in the US, Japan, European Communities and People's Republic of China.
For more information, visit: http://www.ingen-tech.com Contact: Scott R. Sand, C.E.O & Chairman Ingen Technologies, Inc. - Administrative Office 35193 Avenue "A", Suite-C Yucaipa, California 92399 Phone: (909) 790-7180 Fax: (909) 795-6340 Email: Info@ingen-tech.com A Member of the Better Business Bureau A Member of the Chamber of Commerce A Licensed Business in the City of Yucaipa A Certified Manufacturer with FDA/DHS
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.
Ingen Technologies, Inc.CONTACT: Scott R. Sand, C.E.O & Chairman of Ingen Technologies, Inc.,+1-909-790-7180, fax, +1-909-795-6340, Info@ingen-tech.com
Web site: http://www.ingen-tech.com/
