Message #37 From:
NewsBot Date: March 8, 2007 05:00:00 AM
MGEN News Med Gen Reports February Year to Date Sales Up 400%
BOCA RATON, Fla.--(BUSINESS WIRE)--Med Gen Inc. (“MGEN”) (OTCBB:MGEN), manufacturers of nationally branded OTC healthier life products, reports unaudited February 2007 sales year to date as $558,000 as compared with $110,000 in 2006, a 400% increase. While February sales were slow, the five-month unaudited reporting period covered in this release indicates the positive nature of the company’s revenue growth. Of equal importance is the strong cash position of $940,000 enabling the company to enter March with a strong advertising commitment for its UnDiet® TV launch.
About Med Gen Inc.
Med Gen Inc., in business since 1996, manufactures and markets specialty products using its proprietary delivery system Spray’s the Way (“STW”). It is best known for producing the world’s first patented liquid spray snoring relief formula, Snorenz®. Since its existence, Med Gen has continued to develop its STW technology, introducingGood Nights Sleep® and the UnDiet® system into its family of brands. While STW technology is mainly used, the company also produces other products that deal with common health issues using other delivery systems. The company markets its products to distributors, major chain and drug stores, direct sales via the company web site and direct to consumer television, radio and print advertising. The company also distributes its brands internationally under various private labels or existing names.
Med Gen Inc. is a fully reporting company whose stock trades on the OTCBB under the symbol “MGEN”. For information contact Investor Relations 561-750-1100 or www.medgen.com.
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.