Oxyview Reaches Out to Entire COPD Community in the $4 Billion Respiratory Market
Ingen Technologies, Inc. recently announced that Oxyview was published in the March-2009 issue of HomeCare Magazine, and in the Spring-2009 issue of COPD Digest <font> . </font> COPD, chronic obstructive pulmonary disease, was the underlying cause of 718,077 U.S. deaths in 2000-2005, and it was the underlying cause of about 1 in 20 U.S. deaths for 2005 alone. With more than 20 million Americans diagnosed with COPD and another 12 million projected as being undiagnosed, Oxyview has an annual estimated projected revenue of $30M in the USA, and much greater in the global arena with an expected 600M COPD victims worldwide.
Ingen is Granted Patent Rights for China in Estimated $200M Market
Ingen Technologies, Inc. has announced that the Chinese State Intellectual Property for the People's Republic of China is prepared to grant patent rights for Oxyview. In China, chronic obstructive pulmonary disease (COPD) in people over the age of 40 is much more prevalent than previously thought, according to researchers in Guangdong. In China, chronic obstructive pulmonary disease (COPD) in people over the age of 40 is much more prevalent than previously thought. According to an estimation by the World Health Organization, COPD ranks first among the burdens of diseases in China and accounts for one million deaths and five million disabilities each year.
YUCAIPA, Calif., July 21, 2009 (GLOBE NEWSWIRE) -- Ingen Technologies, Inc. (Pink Sheets: IGNT), a leading Medical Device Manufacturer focused in the $8 Billion global Respiratory Markets for the growing aging population and emerging markets for Home (DME), Hospital and Aviation Industries, announced today that the company has hired Pacific Pearl Group for evaluation of all bids and proposals to acquire Ingen Technologies.
The pacific Pearl Group is a licensed FINRA dealer-broker, headquartered in Los Angeles, California. CRD no. 148077. They are a Sino-specialist consulting company serving investors with some of the best investment and business opportunities between the U.S. and China with experienced private equity and banking experts.
Ingen CEO, Scott R. Sand, had a meeting with David T. Yang, Senior Vice President of the Pacific Pearl Group. Mr. Yang has a solid health and medical background and has proposed to evaluate all bids and focus on the best way to extract Ingen's value through the intellectual property and public foundation built over the past five years.
The company is ahead of schedule in decreasing most of its debts before the end of this quarter, while focused on profitability before the end of the first quarter in August 31, 2009. Worldwide Stock Transfer and Vintage Filings will handle the dissemination of material for the company's Annual Shareholder Meeting scheduled for September 22, 2009.
"I look forward to working with David Yang of the Pacific Pearl Group. We both have parallel ideas on maximizing share value for a buyout and agree that the true value is in the intellectual property, public foundation and growing respiratory global markets. The Pacific Pearl Group brings both value and growth to all of our shareholders," stated Scott R. Sand, Chief Executive Officer and Chairman of the Board.
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