YUCAIPA, Calif., Jan. 7, 2010 (GLOBE NEWSWIRE) -- Ingen Technologies, Inc. (Pink Sheets:IGNT), a leading Global Medical Device manufacturer focused in the $4 Billion Respiratory Market for the growing aging and emerging markets for Home (DME), Hospital and Aviation Industries, announced today that the company CEO discussed a bright future for Ingen on yesterday's Money Channel live radio broadcast. The CEO is scheduled to continue the broadcast tomorrow on the Money Channel's American Scene Radio at 9:24AM eastern standard time with host Steve Crowley.
The company has recently signed a Supply Agreement with Amsino International Inc., and yesterday introduced another new dynamic medical product, the Oxyview Pulse Oximeter. There has been an increase in sales with the Company's Oxyview Nasal Cannula that uses the patented and proprietary intellectual property of gravity-independent technology that allows patients to improve their home oxygen therapy. The company expects the final ISO 13485 audit on February 3, 2010 to be performed by the Irvine, California-based office of the BSI Group. This certification allows Ingen to benefit in exporting their medical products to China, Europe, Japan, Canada and Australia where there are currently pending orders.
The Money Channel is one of the most successful, national Money-talk Radio programs in America. "Steve Crowley's American Scene" was launched from the Disney/MGM Radio Studios at the Walt Disney World Resort in June 1990. American Scene attracts a larger and larger radio audience every month from coast to coast. The Money Channel recently added Boston and Atlanta affiliates to their tremendous national lineup of stations. Today, The Money Channel has a national base of 3,000,000 listeners on a three-hour daily radio broadcast through the mighty IRN/USA Radio Network affiliates, plus other affiliates, and they have a growing listening audience on the Internet worldwide. This is the primary destination for Steve Crowley's insights and advice in the financial world. Plus Steve interviews all the top experts, analysts, money managers and authors covering stocks, investments, business, the economy and trends, Small-Cap CEOs and much more. More than 200 Financial "Stars" are interviewed in constant rotation... from Steve Forbes to Tobin Smith to Beth Dater to Joe Battipaglia. No other Money-talk Radio Program in America even comes close to this level of credible content.
"The company has recently experienced major accomplishments, with several more expected, inclusive of GSA approval to sell product to government sources, VA Hospitals and the Department of Defense, as well as another large distributor that will be aboard in February. Our growth pattern is a result due to the planning we initiated last year," stated Scott R. Sand, Chief Executive Officer and Chairman of the Board.
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About Ingen:
Ingen is an established medical device manufacturer with an emerging new medical product line for the respiratory market worth an estimated $4 Billion in the U.S., and $8 billion globally. The company introduced Oxyview into the respiratory market in late 2007 after securing U.S. and Foreign Patents and successful licensing with the Food & Drug Administration, and has commenced domestic and global distribution with manufacture representative organizations, and OEM partners. In 2009 the company introduced the Oxyview Nasal Cannula, the world's first oxygen cannula with a built-in pneumatic flow meter. In 2010 the company introduced the Oxyview Pulse Oximeter, which was another innovative product to improve oxygen therapy. In addition to selling its respiratory products within the global medical industry, the company is selling the same products within other industries that include aviation, automotive, emergency response, military and government transportation. The company holds a Device Manufacturing License with the State of California, Department of Public Health, Food and Drug Branch as it manufactures all of its respiratory products in the United States. There are 32 million U.S. patients with Chronic Obstructive Pulmonary Disease (COPD), and 600 million patients worldwide. Ingen Technologies is now the largest manufacturer of in-line gravity-independent oxygen flow meters.
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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.