RIVERSIDE, Calif., May 24, 2013 (GLOBE NEWSWIRE) -- Ingen Technologies, Inc. (OTC Pink:IGNT) announces that Ingen's Telecom Division, ATMC Inc., has established relationships with more suppliers, including One World Telecoms, Inc. for expanding existing routes in value of $750,000 per month in gross revenue. ATMC buys and sells minutes with suppliers, and has an opportunity to increase its daily usage to 1.7M minutes.
"Bob Ellis, President of the Telecom Division for Ingen stated that the existing routes in Africa and several other new routes in other countries will provide increased minutes with its suppliers. Volume increases would represent 1.7M minutes daily with an average profit per minute of $.004 to $.019. This result produces $25,000 in daily profits. The company expects to invest and build its telecom division to erase the debt, acquire additional telecom companies and move forward full steam ahead to a fully reporting NASDAQ listed company. The Ingen stock is currently very tightly held and the positive changes to Ingen can only result in better equity for our shareholders. Ingen has diversified its portfolio outside of the US in order to take advantage of the growing telecom business and benefits it has to offer our revenue stream," 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.