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San Diego, CA 7/01/2009
Medical equipment manufacturer Ingen Technologies, Inc. (IGNT) shares have staved off two waves of selling following the June 9th surge to a peak of 2 cents. Moreover, the current push higher has left a trail of higher lows and rising buying volume. The slightly bullish chart and the consistency of encouraging publicity may well be enough to generate ongoing enthusiasm for the stock, at least until a true valuation can be made. An in-depth assessment of IGNT's chart as well as Ingen's public-relations efforts have been reviewed at SmallCapNetwork.com.
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Ingen Technologies, Inc. (IGNT) is best-known Ifor its Oxyview and OxyAlert, which provides the respiratory clinicians, including pulmonologists, respiratory therapists, and patient care technicians a medical product that offers assurance and safety to home oxygen patients and hospitalized patients, while monitoring oxygen flow during oxygen therapy. The company also manufactures GasAlert, which monitors and detects gas flow for home appliances, such as ovens, washer, dryer, refrigerator, and outdoor plumbed barbeques. Ingen recently launched a Nasal Cannula product that has also been reported as well received. The most recent excitement has stemmed from announcements from Ingen regarding the possible sale of the company at a share price of 5 to 7 cents. No buyer has been named, however, nor is an acquisition a certainty..
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Forward-Looking Statement:
This press release may include or imply "forward-looking statements" within the meaning of the federal securities laws, commonly identified by such terms as "believes," "looking ahead," "anticipates," "estimates" and other terms with similar meaning. Although the Company believes that the assumptions upon which its forward-looking statements are based are reasonable, it can give no assurance that these assumptions will prove to be correct. Important factors that could cause actual results to differ materially from the Company's projections and expectations are disclosed in the Company's filings with the Securities and Exchange Commission. All forward-looking statements in this press release are expressly qualified by such cautionary statements and by reference to the underlying assumptions.
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Source: Small Cap Network
http://community.smallcapnetwork.com/Todays-Penny-Stock-Hot-Spots-VICL-TSTR-SPEX-IGNT/s/article/view/p/mid/2/id/40/
