CALIMESA, Calif., Feb. 22 /PRNewswire-FirstCall/ -- Ingen Technologies, Inc. , a medical device manufacturer of OxyAlert(TM), OxyView(TM), and Secure Balance(TM), announces that the company’s Secure Balance(TM) products will be marketed by Secure Health, Inc., and Secure Health expects to create $21M in new revenues for Ingen Technologies over the next 12 months.
“I had a tremendous meeting yesterday with Dr. Michael Koch. He is on-board with our program. He has a tremendous amount of passion and knowledge for balance medicine and treatment. We are forging ahead with our seminar program, publishing articles, ‘guest speaker’ appearances and much more in the chiropractic industry,” said Daniel Scherer, President of Secure Health. Daniel Scherer, President of Secure Health, Inc., specializes in market development, and has more than 10 years of successful experience in developing markets in the chiropractic industry. With more than 60,000 licensed chiropractors in the United States, Mr. Scherer comes to Ingen Technologies to expand Secure Balance sales in the multi-billion dollar chiropractic market. Michael Koch, DC is a leading chiropractor specializing in balance testing and therapy as a means of both preventing fall injuries and treating patients with balance problems in a chiropractic setting.
During the last several months, the Company has created “Secure Balance(TM)” as a brand name in the chiropractic market through precisive advertising in professional trade journals, such as DynamicChiropractic(R), Chiropractic Economics(R), American Chiropractor(R) and various other product journals. Reaching nearly 50% of the chiropractic market, and engaging Secure Health to spearhead the increase in sales, the Company anticipates having a very positive influence within this industry.
“Mr. Scherer and I have been negotiating for several months. A 5-year contract was signed this month and we plan to offer the Secure Balance(TM) products, and in addition, a complete marketing package through MediaMix, Inc. to the vast majority of the chiropractic market,” said Scott Sand, Chairman & CEO.
Currently the company has been developing chiropractic leads through the advertising trade journals. The Secure Balance(TM) product, specifically the Secure Balance Therapy Trainer(R), will provide balance therapy and rehab for chiropractic patients with balance problems. The Secure Balance Therapy Trainer(R) sells for $17,900, and that price includes the training and installation, and this procedure is recognized by Medicare, MediCaid and all of the various insurances as a reimbursable item. Secure Health has the ability and resources to reach 2% of the chiropractic market over the next 12 months. This could represent company revenues of more than $21M.
About Ingen Technologies, Inc.
Ingen Technologies, Inc. is a public company trading under NASDAQ OTC: IGTG, which has been in business since 1999. IGTG is a medical device manufacturer and a growth-oriented company that owns US patent(s), trademarks, and proprietary medical products.
The Company’s flagship product is OxyAlert(TM), a second-generation design of the Company’s BAFI(TM) product line. Both of these products have been issued two US Patents: Patent No. 6,137,417 issued on October 24, 2000 and Patent No. 6,326,896 issued on December 4, 2001. Both of these products are low-oxygen safety warning devices used on remote oxygen cylinders for patients, commercial aircraft, military transport, and fire and safety equipment. OxyAlert(TM) technology encompasses the use of digital sensing and RF frequency transfer so that care givers can access a hand-held remote to monitor the actual oxygen level of any oxygen cylinder at a reasonable distance.
The newest product, OxyView(TM), has a patent pending, and is a pneumatic gauge that provides visual safety warning of oxygen flow for patients in the hospital, surgical room, outpatient therapy, nursing homes and emergency response facilities. This product enhances the safety, assurance and accuracy of patients being administered oxygen from any source. OxyView(TM) is a lightweight pneumatic gauge that is attached to the oxygen tubing just below the neck. It informs the nursing staff of the oxygen flow rate near the patient. It could quickly inform the physician or technician of any leak or inaccuracy between the delivery source and the patient.
The Secure Balance(TM) product is a private-label product that includes a vestibular function testing system and balance therapy system. The vestibular function testing system is manufactured by Interacoustics LTD. in Denmark and is referred to as the VNG. The balance therapy system is manufactured by SportKAT(R), Inc. in San Diego, California. The Secure Balance(TM) program provides equipment, education and training about balance and fall prevention to physicians and clinicians worldwide.
The Pure Produce(TM) product is a continuing research & development program currently under design. This program uses hydroponics technology to grow various plants without the use of soil, fertilizer and water consumption. The Company anticipates entering the nutriceutical and pharmaceutical markets over the next two years.
“Our team of professionals has developed our medical products for the ever-increasing elderly population. Our products are superior to any of our competition and they allow for effective medical product availability to seniors, and at the same time the increasing senior population allows for a steady growth in sales and profits,” said Scott Sand, CEO & Chairman of Ingen Technologies.
For more information, visit www.ingen-tech.com. Investor Relations Contact: Scott R. Sand, C.E.O. & Chairman Ingen Technologies, Inc. - Administrative Office 35193 Avenue “A”, Suite-C Yucaipa, California 92399 Phone: (800) 259-9622 or (909) 790-7180 Fax: (800) 777-1186 or (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
Safe Harbor for Forward-Looking Statements: This news release includes forward-looking statements that are made pursuant to “Safe Harbor” provisions of the Private Securities Litigation Reform Act of 1995. 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 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.,+1-800-259-9622, or +1-909-790-7180, or fax, +1-800-777-1186, or fax+1-909-795-6340, Info@ingen-tech.com
Web site: http://www.ingen-tech.com//
