Thursday, June 15, 2006 9:00:17 AM
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"Thank you for your concern.
Although I cannot suggest to you how to trade your stock, I can offer some update on our progress.
Attorney Richard Weed is in communication with the NASD regarding our application for the OTCBB. Once we have filed our 10-KSB ending May 31, 2006; the company qualifies for the OTCBB. Our auditors are preparing for that audit, and we anticipate filing the 10-KSB in July.
We continue to keep our SEC filings current, since the 2004 merger, and we are finalizing the past due filings from 1999-2003. We have hired a forensic accountant to obtain bank records for those years. We anticipate completing the older filings this summer.
OxyView tooling is complete, and the FDA has recently accepted registration and classification of the product. They have allowed us to market the product. We have been granted a Patent Pending in the US, and we have recently filed foreign patents in Japan and China. We anticipate the first production run of Oxyview in June. Our FDA owner/operator number is 9085663, and can be verified through calling the FDA at 240-276-0111. Oxyview will be manufactured (and cleaned packaged) in Corona-California by Acorn-Gencom, Inc.. We own all of the tooling, processes and intellectual property.
We have two Oxyview distributors under consideration, and we will make an announcement next month regarding who they are.
OxyAlert is being finalized, and I will make an announcement next month.
Secure Balance continues to feed the company, and we continue to remain debt free (except for money owed to me). I plan to convert any of my debt to shares, pursuant a Board decision.
In reference to any past PR releases; please read them carefully since we provide projected/Performa data based upon market research. Always make any investment evaluation on the actual SEC filings (i.e., 10-QSB and 10-KSB). The PR is for current event status and projected possibilities.
Thank you for your continued support.
Regards,
Scott Sand, CEO & Chairman
Ingen Technologies, Inc.
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