SOURCE: Ingen Technologies, Inc.
RIVERSIDE, CA--(Marketwired - Feb 6, 2014) - Ingen Technologies Inc. (PINKSHEETS: IGNT), (http://ingen-tech.com); announced today the appointment of its new CEO David S. Hanson. In connection with the Special Meeting with the Board of Directors on February 4, 2014, David S. Hanson was appointed to serve as Chief Executive Officer of Ingen Technologies, Inc.
The appointment follows the decision in January that current CEO Thomas Neavitt has decided to retire for personal reasons. Mr. Neavitt had been CEO since the beginning of 2011, having previously been CFO since 2004.
"Mr. Hanson will be a great asset to Ingen and we are confident that he will hit the ground running," said Gary Tilden, Chairman. "His knowledge and understanding of the issues important to our business model will ensure our continued success well into the future."
Mr. Neavitt stated, "We are very gratified and excited that Dave will be joining us. Dave's breadth of experience in the wireless telecom industry, including executive roles in the cable industry with Viacom, DIVA in addition to being the Co-Founder of AgileTV, will prove invaluable in representing the interests of Ingen and all of its shareholders. I also want to thank Gary Tilden for all of his years of service to our organization. He helped to make Ingen a more influential and respected global player with our medical division. Upon my departure I offer my sincere thanks and best wishes to Ingen for the future."
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.