Ingen Negotiating for a Second Acquisition With Established Company in the Wireless Internet Business

Ingen Negotiating for a Second Acquisition With Established Company in the Wireless Internet Business
  
 

RIVERSIDE, CA--(Marketwired - May 21, 2014) - Ingen Technologies, Inc.'s (PINKSHEETS: IGNT) Chief Executive Officer, David S Hanson, continues negotiations with what would be Ingen's second acquisition this year.

The Company has positioned itself and continues to discuss this acquisition with a Wireless Internet and Satellite delivered Entertainment business, based in California. This would be Ingen's second acquisition since the beginning of the year, the first being ATMC. This new potential acquisition has been delivering product for over 15 years with annual revenues in excess of $1,000,000. 

"We anticipate increasing revenues by providing a new, publicly owned entity to our potential acquisition company, in addition to the necessary capital to purchase product and aggressively expand their business," stated Mr. Hanson, CEO - Ingen Technologies, Inc.

Once the deal is finalized, the company plans to announce the specific details at a later date. Mr. Hanson is extremely confident Ingen can close this acquisition in the near future which will help increase Ingen's positive momentum in the wireless industry.

"The wireless industry allows Ingen to diversify its holdings which should lead to further growth and prosperity in the future," added Gary B Tilden, Chairman - Ingen Technologies, Inc.

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.

CONTACT: Gary Tilden Chairman 951-688-7840 www.ingen-tech.com