CALIMESA, Calif., Nov. 11 /PRNewswire-FirstCall/ -- Ingen Technologies,
Inc. (OTC: IGTN) announced today that their investment group, led by Khoo Yong
Sin, has initiated the first round of a $250,000 funding.
Khoo Yong Sin, the managing partner of the investment group, stated, "We
have spent several months evaluating the Ingen Technologies product line and
are excited and comfortable in making this investment. Our intentions are
Khoo Yong Sin is an engineer and investor who represents various
investment groups throughout Asia. Ingen CEO, Scott Sand, had a meeting with
Khoo Yong Sin and his associates in October-2004 to discuss growth
opportunities. As a result, the investment group has funded the Company and
shown an interest in providing the next round financing of $3 million.
"We have several milestones to accomplish in order to launch the new
wireless Oxyalert(TM). The company has a strong team of professionals. Our
Board of Directors has accepted to appoint Khoo Yong Sin as one of our Board
of Directors. Khoo Yong Sin offers the company a dynamic investment program
and distribution ties to Asia," said Scott Sand, CEO and Chairman.
Ingen Technologies has diverse product lines and currently has a revenue
stream from the Secure Balance(TM) product line. "Khoo Yong Sin and his
investor groups allow the company to accelerate development and sales of the
Oxyalert(TM) product, which will penetrate a variety of markets worldwide,"
said Scott Sand, CEO & Chairman of Ingen Technologies, Inc.
About Ingen Technologies
Ingen Technologies, Inc. is a Public Company trading under OTC: IGTN. In
business since 1999, 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) product, the world's first
wireless digital low gas warning system for pressurized gas cylinders. The
BAFI(TM) received a US Patent on October 24th, 2000, Patent No. 6,137,417.
BAFI(TM), 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.
The BAFI(TM) line has multiple applications, inclusive but not limited to,
the Medical Industry, Home Consumer, Residential Development Industry, Safety
& Protection (fire and police), Aircraft Industry, and the Recreational
Vehicle Industry. BAFI(TM) is a patented product that meets or exceeds
regulatory compliance of this type of product and is completed and in
The successful Secure Balance(TM) program is equipment, training and an
educational support system available to physicians throughout the United
States. During the initial twelve months, the Secure Balance(TM) system
generated approximately $1 million in revenues for Ingen and is now being
aggressively marketed throughout the United States. More recently, the
company's sales have increased in proportion to the expansion of the Company's
marketing network. Its marketing strength is based upon superior products and
an experienced professional team.
The Secure Balance(TM) program offers the most sophisticated clinical
products for vestibular function testing and balance therapy compared to any
of their competitors. "We offer the most medically accepted, comprehensive
product line for vestibular function testing and balance therapy, at prices
lower than our competition," said Scott Sand, CEO of Ingen Technologies. With
more than two million people visiting their doctor each year complaining of
dizziness and vertigo; the Secure Balance (TM) program can substantially help
patients regain their balance 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. This is an expanding
For more information, visit: www.otcfn.com/crtz and 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
Rick McCaffrey, Investor Relations
OTC Financial Network
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, Inc.