Funding Partnership for Business Expansion Program Is Launched as Projected
February 11 2014 - 9:24AM
Marketwired
Funding Partnership for Business Expansion Program Is Launched as
Projected
Ingen's Newest Telecom Division, ATMC, Officially Receives
Initial Funds From JSJ Investments-
RIVERSIDE, CA--(Marketwired - Feb 11, 2014) - Ingen
Technologies, Inc. (PINKSHEETS: IGNT) today announced a
successful funding partnership with JSJ Investments and the initial
funding for its wireless telecom business. JSJ is a privately
held investment boutique specializing in the structuring and
provision of capital to small and developing OTC QB/QX and
Pinksheet companies. JSJ is uniquely positioned to fund
long-term growth projects through a variety of funding
arrangements.
JSJ funded the first tranche to ATMC on February 6, 2014; funds
to be used to increase Wire Line and Wireless Telecom route
capacity as a part of an expansion plan for Ingen. "The next
step in our program has begun, as funds have been transferred into
multiple escrow accounts to close transactions. We have been
testing selected routes and are prepared to start to carry traffic
as the projects move forward," stated David Hanson, CEO. Mr.
Hanson further stated, "I have been in the communications and
entertainment industries for over 30 years, and have already
initiated discussions for additional acquisitions in the Wireless,
Internet and Entertainment sectors through a wide range of personal
contacts."
An 8K was filed on February 7, 2014 stating that on January 30,
2014, the Company entered into two separate FUNDING AGREEMENTS, the
first agreement jointly with ATMC, Inc. and JSJ Investments, Inc.,
and the second agreement with JSJ Investments, 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
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