WESTON, Fla., Nov. 10, 2004 (PRIMEZONE) -- Wall Street News Alert's "stocks to watch" this morning are: Ingen Technologies, Inc. (Pink Sheets:IGTN), PFSweb Inc. (Nasdaq:PFSW), Salix Pharmaceuticals Ltd. (Nasdaq:SLXP) and Cheniere Energy, Inc. (AMEX:LNG).
Aggressive investors and traders need to take a look at Ingen Technologies, Inc. (Pink Sheets:IGTN) this morning! Yesterday after the markets closed, the company issued a press release announcing that it has signed a marketing contract with Stanford Trading Center, Inc. to market Secure Balance(tm) and patented wireless gas alarm products for Ingen Technologies!
This could be great news for investors! According to the company's press release, Ingen Technologies sells the Secure Balance(tm) products and services for $53,000 per unit, and estimates revenue from Secure Balance to total more than $45M over the next two years.
Bob Dean Stanford, President of Stanford Trading Center, said, "We are pleased to have finalized a marketing program that will result in both of our companies joining forces to develop extensive sales in the medical industry throughout the country."
Stanford Trading Company and the Southeastern Neuroscience Institute have agreed to work together in marketing the Company's Secure Balance(tm) program. Jacob Green, M.D., a leading Neurologist and President of the Southeastern Neuroscience Institute said, "After consultation with Mr. Stanford and based on past performance, I estimate that we (Stanford Trading Center and the Southeastern Neuroscience Institute) can sell 5% of the neurology marketplace (14,000 physicians) or 700 units within 2 years and we can also sell about 200 or more hospitals. With 4,500 hospitals nationwide, that's an estimated 5% market penetration in the first two years. We will advertise mainly to their outpatient facilities which will benefit the most from these products."
Investors should keep their eyes on Ingen's progress! The successful Secure Balance(tm) program is an equipment, training and educational support system available to physicians throughout the United States. Over the past twelve months, and during the initial introduction of the Secure Balance(tm), the Company generated approximately $1 million in revenues and it is now being aggressively marketed throughout the U.S. More recently, the company's sales have increased in proportion to the expansion of the Company's marketing network. Ingen's marketing strength is based on its superior products and an experienced professional team.
More than two million people visit their doctor each year complaining of dizziness or vertigo and the Secure Balance (tm) program can substantially help patients and decrease the number of fall related injuries. The elderly population is expected to double over the next decade and comprise the majority of balance disorder patients.
The stock closed yesterday just over seven cents a share.
In case you are not familiar with the company: Ingen Technologies is a growth-oriented technology company that offers a diverse and progressive service and product line. The Company's flagship product is its BAFI(tm), the world's first, wireless digital low gas warning system for pressurized gas cylinders. BAFI, now in its second generation, is an accurate and cost-effective, real-time pressurized gas warning system that will alert users when gas levels are approaching empty.
Stocks showing interesting activity yesterday at the close of the regular trading day were: PFSweb Inc. (Nasdaq:PFSW) up 27.4% on 2.6 million shares traded, Salix Pharmaceuticals Ltd (Nasdaq:SLXP) up 12.7% on 2.1 million shares traded and Cheniere Energy, Inc. (AMEX:LNG) up 44.8% on 2.6 million shares traded.
Commentary:
"Tuesday saw the price of crude oil fall to $48 per barrel, which is a six-week low. However, analysts forecast a rise later in the week as developing nations, like China, continue to inhale the supply. Experts portend that the energy crises will be with us for a long time, some say decades, until alternative sources are utilized to replace oil," stated Sonja Rudd in Wall Street News Alert's daily commentary continued at: http://www.WallStreetNewsAlert.com.
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