RIVERSIDE, Calif., May 10, 2013 (GLOBE NEWSWIRE) -- Ingen Technologies, Inc. (OTC Pink:IGNT) announces that the ATMC Telecom Division has recently signed a contract with the Virginia based China Unicom (Americas) Operations LTD.
China Unicom is a world-leading telecom operator in terms of revenue and customer base, ranking as one of the premier companies in the Fortune Global 500. The company is listed on the stock exchanges of New York, Hong Kong, and Shanghai. With 31 branches in mainland China and 5 overseas subsidiaries around the world, China Unicom offers both fixed and mobile telecom services for customers via an extensive last mile, long haul and international network. China Unicom owns state-of-the-art telecom networks, providing high quality integrated broadband communication and information services.
China Unicom's vast global network covers more than 100 countries with direct connections and partnership agreements in place with more than 85 international carriers. They own capacity in a variety of international cable systems and are a member of the consortium that implemented the first trans-pacific cable system, Trans Pacific Express (TPE), to link mainland China with the United States. As the only WCDMA service provider in mainland China, China Unicom has also built up a nationwide HSPA network. China Unicom's vision is to become the Innovation & Service Leader for an Information Life.
"As a part of our new $25M expansion, our telecom division, ATMC Inc. will expand routes on a global basis tapping in on the fast growing digital mobile business in Asia, Europe, Africa, and South America. Ingen expects to see substantial growth over the next 12 months, with projected revenues of $26.7M, and net profits of more than $13M. The company is evaluating other acquisitions in the telecommunications industry." Stated Gary Tilden, Chairman.
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.
Source:Ingen Technologies, Inc.