|Ingen Technologies Announces Audit Results 2003 - 2005 to Be Completed|
Wednesday August 3, 7:00 am ET
- The Company Sees Increased Earnings, No Debts & Cash Reserves -
CALIMESA, Calif., Aug. 3 /PRNewswire-FirstCall/ -- Ingen Technologies (OTC: IGTN - News), a medical device manufacturer of OxyAlert(TM), OxyView(TM) and Secure Balance(TM) is to announce in the next couple of days that they will be hiring a Certified Financial Analyst.
Certified Financial Analyst, William Walling, Jr., will be appointed by the Company to work with the auditors, Spector & Wong, LLP. "I want our audits to be reviewed by a certified financial analyst prior to publishing the numbers next week. This secures the credibility of the reports for our shareholders and investors," said Scott Sand, CEO & Chairman.
Harold Spector, CPA and principal of Spector & Wong, LLP, has already discussed with Mr. Walling, the delivery schedule of the audit. Specifically, the audit involves the financial statements for year ending 2003, 2004 and 2005. The Company financial calendar is from June 1 to May 31.
"The Company's audits are expecting to be published no later than next week. With increased earnings, no debt, cash reserves, new product sales and move to the OTCBB; Ingen Technologies should demonstrate increased share value for its many investors and shareholders," said Thomas Neavitt, CFO.
The Company continues to protect the best interest of the shareholders and investors during this period of growth and expansion.
About Ingen Technologies
Ingen Technologies (OTC: IGTN - News), in business since 1999, is a medical device manufacturer and service provider for medical and consumer markets both domestic and abroad. Increasing revenues are generated from the Company's Secure Balance(TM) program; a medical product line for physicians and hospitals that provide patient services for Balance & Fall Prevention programs. The OxyALERT(TM) is another product line that has two issued US Patents and is a proprietary technology. This product is the second generation development of the Company's initial BAFI(TM) product; a medical safety device that provides wireless and remote monitoring of oxygen delivery systems for patients and small aircraft. Using the same patented and proprietary technology, the Company has the GasAlert(TM) product; a device that interfaces between any gas line and accessory, such as a water heater, dryer, stove or heater, to detect leaks. This is a mass consumer item expected to go to market in 2005.
"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.
285 E. County Line Road
Calimesa, CA 92320
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 are set forth in the company's periodic filings with the U.S. Securities and Exchange Commission.
Source: Ingen Technologies