SOURCE: Ingen Technologies, Inc.

Ingen Technologies, Inc.

May 06, 2014 08:58 ET

Ingen's Telecom Division Begins Generating Profits From Its First & Second Round of Financings and Continues Growth Trend

RIVERSIDE, CA--(Marketwired - May 6, 2014) -  Ingen Technologies Inc's (PINKSHEETS: IGNT) Chairman of the Board, Gary Tilden, announced Ingen's Telecom Division, ATMC, has received an additional $50,000 from JSJ Investments as the second round of the $500,000 commitment made by JSJ. This funding is a part of a long-range development program approved by JSJ Investments, Ingen and ATMC's management to develop ATMC's ability to generate substantial new revenues from the International Wireless Telecom Industry.

Mr. Tilden commented, "We continue to move forward developing routes that are proving viable and to be utilized by major International Telephone Carriers. The ATMC team has worked tirelessly to make this happen, and we expect their efforts will lead to substantial increases in revenues for the Telecom Division."

"Testing and offering top quality routes will always be an ATMC priority. Our investment in this process will lead to greater sales, higher revenues, and long term business relationships that are critical to the sustained growth of the business," said ATMC President, Bob Ellis. 

"We are very pleased with the work done by the ATMC team to expand revenue opportunities with a number of International Telephone Providers," commented David Hanson, CEO of Ingen. "Mr. Ellis is an expert in this business and his overall knowledge plus 20 years of executive experience in the International Long Distance Telephone Industry is invaluable to Ingen."

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.

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