Message #30 From:
Stock News Bot Date: November 30, 2006 05:00:00 AM
MGEN News Strong November Sales Results Reported
BOCA RATON, Fla.--(BUSINESS WIRE)--Med Gen Inc. (OTCBB:MGEN), manufacturers of nationally branded
OTCHealthier Life Products, announced that it has achieved
significant sales increases across a broad spectrum of activity.
On a same year month to month basis and as of November 28, 2006,
November sales showed an 1100% increase over October sales. On a year to
year basis at the close of the day on November 28, 2006, November sales
compared with those of 2005 showed a 300% increase. Unaudited sales for
November were $116,978.78.
“The company’s
continuing advertising programs on TV, Radio and Print are expected to
show continued sales increases through the balance of this current
fiscal year," said Paul Kravitz, Company Chairman and CEO. He continued, “it
should be no surprise to anyone that follows Med Gen, that the company,
during this past year, has undergone a complete metamorphous from retail
sales orientation to direct to consumer programs; in the process filming
five commercials and completing four new Internet Sites. The cost to the
company, an excess of $1.5 million."
The overriding decision to attempt this corporate conversion in
marketing strategy centered on the marketing reach of the Med Gen
product lines, which exceeds $100 billion and the tremendous cost
involved in selling major chains and discount stores. “This
was a risky decision," said Kravitz. “However,
declining margins and lack of capital left management with few choices."
Med Gen has an extraordinary, strong shareholder base, one that deserves
to see a prospering company and although small, this November's sales
results go a long way in proving the validity of this past years efforts.
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 Un-Diet™ 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.