Med Gen Launches Web Based Business Broker Training System to the Public

HOLBROOK, N.Y., March 24 /PRNewswire-FirstCall/ -- Med Gen Inc. (Pink Sheets: MDIN) announced today that its wholly owned subsidiary, NorthStar Business and Property Brokers, Inc. has launched Bizbrokerschool.com, an online interactive training program that offers subscribers the opportunity to learn all aspects of business brokering, enabling them to launch a career as a business broker.

The website contains the latest version of the company's extensive training guide, including multiple choice quizzes and a final examination to ensure the student retains the information necessary to become a successful business broker.  The company also offers subscribers who pass the exam a contract with NorthStar as an independently contracted business broker.

"This is really exciting! Now we can begin expanding our scope nationwide, giving individuals an opportunity to take advantage of this lucrative market by providing them with the tools and education they need to succeed," said Raymond Barton, Med Gen's CEO.  Mr. Barton added that "besides helping individuals create their own future we are also providing an invaluable service to business owners across the country.  In many situations business brokers are essentially rescuing certain owners from losing their business entirely."

According to the company's CFO Timothy Schmidt, the company can earn as much as 12% of the total sales price of a business and pays an 80% commission to NorthStar brokers bringing the business and/or buyer to the table.  Mr. Schmidt adds that with over 17 million businesses in the U.S. and approximately 3.4 million businesses being sold each year, business brokering is quickly becoming a significant career opportunity as there are only 4,000 business brokers currently operating across the country.  The company strongly recommends that future business brokers check with their local and state governments regarding licensure as it varies from state to state.  Approximately sixteen states now require a license to broker businesses.  Bizbrokerschool.com does not make any representation that it conforms to any state licensing requirements and it is the student's responsibility to verify their own applicable rules, laws and regulations.

Med Gen Inc. went public in 1997 and distributed health related products. Business wound down in 2008 but was recently revived earlier this year through its wholly owned subsidiary, NorthStar Business and Property Brokers, Inc., a private company engaged primarily in business brokering.

SOURCE Med Gen Inc.