Wednesday, August 11, 2004
Ingen Tecnologies and Sportkat Sign Strategic Agreement
For Release: August 11, 2004
Calimesa, CA – August 11, 2004 - Ingen Technologies, Inc. (Pink Sheets - CRTZ) announced today that it has teamed with SPORTKAT® to provide a therapeutic system to enhance the Company’s Secure Balance™ program. Balance and Fall Prevention programs are provided by the Company and includes equipment, training and educational support systems available to physicians throughout the United States.
Ingen Technologies and SPORTKAT® have agreed to collaborate to provide therapeutic services and products to the growing balance and fall Prevention market. The senior population will double and than triple over the next two decades. SPORTKAT® has authorized Ingen Technologies to include its Model-4000 Kinesthetic Ability Trainer as a part of the comprehensive program that the Company currently sells to the medical market.
“Working with SPORTKAT® allows us to rapidly grow revenues as we bundle our patented technologies with SPORTKAT’s® balance and training systems to provide superior rehabilitation programs to the growing market of seniors who have balance problems,” said Scott Sand, CEO and Chairman of Ingen Technologies.
Sand continued, “With a senior market expected to double in the coming years, Ingen and SPORTKAT® can provide both a diagnostic tool to the physician as well as a comprehensive treatment program for the improvement of the patient’s balance. We are focused on enhancing this consortium to provide the best balance and fall prevention solution to patients and physicians in the U.S. Continuing to develop strategic alliances and program enhancements strengthens our position in the market overall, and can rapidly drive revenue from enhanced brand recognition and increased market share.”
“We are excited to work with an established entity that is rapidly securing the necessary alliances to bundle superior products and services to meet such a critical need,” Said Lee Samango, CEO & Chairman.
SPORTKAT® is a national leader in balance therapy and balance training. This company has been providing systems for over 15 years and has an established brand name within the medical and sports medicine industry. For more information, visit: http://www.sportkat.com/ .
About Ingen Technologies
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 ™ product, the world’s first, wireless digital low gas warning system for pressurized gas cylinders. BAFI, 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 line has multiple applications in the medical sector, safety and protection (fire and police), aircraft, recreation vehicle and outdoor uses, as well as home and residential, construction and military. BAFI is a patented product that meets or exceeds regulatory compliance of this time of product and is completed and in production.
For more information, visit: www.otcfn.com/crtz .
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
SafeHarbor 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.
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