MDGN strong again on news!
Up .09 already to .36.
Med Gen Ready to Enter $2 Billion Analgesic Market
8/30/2004 8:00:00 AM
BOCA RATON, Fla., Aug 30, 2004 (BUSINESS WIRE) -- Med Gen Inc. ( MDGN ), manufacturers of the national brands Snorenz(R), snore relief throat spray and Good Nights Sleep(R), sleep aid throat spray, announced today that it intends to make an early release on a new analgesic spray formula catering to both adults and children that find it difficult to take pills.
The "Spray's the Way" technology that Med Gen has spearheaded these past 5 years is showing signs of enormous growth potential. Med Gen management believes that by taking ownership to this niche business it can successfully navigate its products onto the shelves of major retailers as an alternate to the large array of products that now compete in pill and caplet formats. The advantage to Med Gen's throat spray technology is that it is easier to use, is absorbed quickly into the blood stream for maximum effect and caters to the "Pill Hater" population that just cannot swallow pills easily. Med Gen's management has set its goal at a conservative 1% market share, which would mean an additional $20 million in sales. This goal could be achieved within 12-36 months of its entrance into the market.
Med Gen's Painenz Spray(TM) will contain Ibuprofen, which is a nonsteroidal anti-inflammatory drug, more commonly classified as an NSAID. In effect, Painenz Spray(TM) will provide relief from pain, tenderness, inflammation and stiffness and will be used to treat osteoarthritis, rheumatoid arthritis, gout and even painful menstruation.
Med Gen's "Spray's The Way" unique delivery system provides the practical alternative to pills, caplets and syrups. The adult version has a pleasant fresh minty flavor and the easy to take children's version will taste like fruity bubble gum.
This Press Release contains or incorporates by reference "forward looking" statements including certain information with respect to plans and strategies of Med Gen Inc. For this purpose, any statements contained herein or incorporated herein by references that are not statements of historical fact may be deemed forward looking statements. Without limiting the foregoing, the words "believes", "suggests", "anticipates", "plans", "expects", and similar expressions are intended to identify forward looking statements. There are a number of events or actual results of Med Gen operations that could differ materially from those indicated by such forward looking statements.
Med Gen, Inc. is a publicly traded company on the OTCBB exchange "MDGN".
SOURCE: Med Gen Inc.
