Message #32 From:
NewsBot Date: January 8, 2007 05:30:00 AM
MGEN News Med Gen Reports Positive 1st Quarter Results
BOCA RATON, Fla.--(BUSINESS WIRE)--Med Gen Inc. (OTCBB:MGEN), manufacturers of nationally branded OTC
healthier life products, announced that it has finished its first fiscal
quarter or December Quarter 48% ahead of same quarter sales the previous
year.
“In a year full of changes and trials, I am
pleased to announce that Med Gen’s quarterly
sales have increased 48% from $95,210 to $140,906. Sales on a month to
month basis have increased 12%,” said Paul
Kravitz, Chairman. “With new advertising
campaigns and new products being readied for market, we look forward to
positive sales in each subsequent quarter through 2007.”
Early indications are for strong revenues for January.
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.