Navigation Links
Ingen Technologies, Inc. Press Release Retraction
Date:1/30/2008

YUCAIPA, Calif., Jan. 30 /PRNewswire-FirstCall/ -- Ingen Technologies, Inc. (Pink Sheets: IGTG) today is issuing this retraction:

A press release was mistakenly issued on January 23, 2008, announcing an agreement between Ingen Technologies, Inc. and Lincare, Inc. (Nasdaq: LNCR) This is in fact NOT the case at this time. Lincare had simply authorized Ingen as a vendor and authorized Ingen to communicate the Oxyview(R) product to all of their locations through the form of several email communications between Lincare and Ingen. Lincare provided Ingen with the Lincare Locations List in Xcel format. Lincare delivered six purchase orders to purchase a variable amount of Oxyview(R) product from Ingen. There was no written agreement between Lincare and Ingen. There was an understanding between both parties regarding Oxyview(R) pricing and the fact that Lincare authorized Ingen as a vendor to sell Oxyview(R) and communicate directly to more than 1000 Lincare locations. To date, Ingen fulfilled its delivery obligations to Lincare in regards to all of the purchase orders. Ingen understood that Lincare provides services to more than 500,000 patients in the United States. Historically, patients purchasing Oxyview(R) direct from Ingen have purchased two Oxyview's(R), one for their remote oxygen delivery system, either liquid or gas, and one for their in-home concentrator which is a stationary system that produces oxygen from ambient air. This would account for the possibility of 1M Oxyview's(R). Further, there are new oxygen therapy patients entering the market every day, which would account for additional possibilities to place more Oxyview(R) product.

The officials at Ingen Technologies regret any inconvenience due to this erroneous announcement.

Oxyview(R) is a proprietary safety device that received FDA Classification in 2006. This device provides additional confidence to any patient receiving oxygen. It allows the patient to confirm oxygen flow rate and delivery nearest the patient, where it matters the most. Currently there are no other similar devices that offer this technology. Although there are gravity dependent flow meters attached to most oxygen systems that monitor system flow rate, there was nothing available that would attach to the Oxygen tubing to confirm proper oxygen delivery near the patient. Oxyview(R) provides an improved technology to enhance patient confidence and assurance of oxygen flow. Oxyview(R) monitors the oxygen flow the patient is receiving, and does not compete with or replace the current flow meters that are monitoring oxygen flow rate the delivery system is producing. Most Oxygen tubing is 7 feet to 30 feet in length, and the patient is too far away from the delivery source. Oxyview(R) allows convenience for the patient in offering a simple cost effective tool to provide visual flow rate next to the patient.

"When I received email authorization from Lincare early this month, we immediately communicated our Oxyview(R) product to all of their locations in a matter of only a few days. We immediately received purchase orders and hundreds of telephone calls responding positively to our Oxyview(R) product. Unfortunately, we did not request Lincare's authorization of the Press Release of January 23rd, nor were we advised by Lincare of any of their policies prior the Press Release; as such, Lincare abruptly terminated the relationship with Ingen. I have provided several written apologies to the CEO of Lincare and other Lincare management requesting their consideration, with no success. However, we have received a few telephone calls from Lincare location managers requesting information on how their patients can purchase the Oxyview(R) direct from Ingen. I have offered the Lincare patients the same low price that was established with Lincare. Lincare patients can purchase direct from Ingen if they call our office and make a request to purchase Oxyview(R)," stated Scott Sand, Chairman and CEO.

Contact: Scott R. Sand

C.E.O & Chairman

(909) 790-7180


'/>"/>
SOURCE Ingen Technologies, Inc.
Copyright©2008 PR Newswire.
All rights reserved

Related medicine news :

1. WallSt.net Updates Investment Community Through All-New Interview With Ingen Technologies
2. Ingenious Med Forms Multiple Billing Company Partnerships to Market Inpatient Practice Management Solutions
3. ReBuilder Medical Technologies, Inc. Expands R&D of New Products
4. ReBuilder Medical Technologies, Inc. Announces Televised Broadcast
5. ReBuilder Medical Technologies, Inc. 4th Quarter Sales Increase 100% Exceeding Projections
6. ReBuilder Medical Technologies, Inc. Reports Doubled Profits for October
7. Dr. Warren Wasiewski Appointed Chief Medical Officer of Neurobiological Technologies, Inc.
8. ReBuilder Medical Technologies, Inc. Announces Record Sales Month
9. ISTO Technologies, Inc. Appoints Blake Miles as Vice President of Sales
10. MagStar Technologies, Inc. Announces Third Quarter 2007 Results
11. ReBuilder Medical Technologies, Inc. Celebrates Five Years and 50,000th Shipment
Post Your Comments:
*Name:
*Comment:
*Email:
(Date:6/26/2016)... , ... June 26, 2016 , ... ... once they have been diagnosed with endometriosis. These women need a treatment plan ... require a comprehensive approach that can help for preservation of fertility and ultimately ...
(Date:6/25/2016)... ... 2016 , ... First Choice Emergency Room , the largest network of ... Medical Director of its new Mesquite-Samuell Farm facility. , “We are pleased to ... said Dr. James M. Muzzarelli, Executive Medical Director of First Choice Emergency Room. ...
(Date:6/24/2016)... Los Angeles, CA (PRWEB) , ... June 24, 2016 , ... ... plastic surgery procedures that most people are unfamiliar with. The article goes on to ... known procedures, but also many of these less common operations such as calf and ...
(Date:6/24/2016)... MIAMI, Fla. (PRWEB) , ... June 24, 2016 , ... ... Florida Trend magazine’s 2016 Legal Elite. The attorneys chosen by their peers for this ... of Florida. , Seven Greenberg Traurig Shareholders received special honors as members of this ...
(Date:6/24/2016)... ... June 24, 2016 , ... ... the Clinical Decision Making in Emergency Medicine conference in Ponte Vedra Beach, FL. ... articles published in Emergency Medicine Practice and Pediatric Emergency Medicine Practice. ...
Breaking Medicine News(10 mins):
(Date:6/23/2016)... , June 23, 2016 Research and ... Global Market - Forecast to 2022" report to their ... treatment method for the patients with kidney failure, it replaces ... fluid from the patient,s blood and thus the treatment helps ... and chloride in balance. Increasing number of ...
(Date:6/23/2016)... , June 23, 2016 Roche (SIX: ... 510(k) clearance for its Elecsys BRAHMS PCT (procalcitonin) assay ... sepsis or septic shock. With this clearance, Roche is ... a fully integrated solution for sepsis risk assessment and ... with bacterial infection and PCT levels in blood can ...
(Date:6/23/2016)... -- Bracket , a leading clinical trial technology and ... platform, Bracket eCOA (SM) 6.0, at the 52 nd ... 2016 in Philadelphia , Pennsylvania.  A demonstration ... of its kind to fully integrate with RTSM, will be ... is a flexible platform for electronic clinical outcomes assessments that ...
Breaking Medicine Technology: