Press Release Source: Med Gen Inc.
Med Gen's Australian Distributor Reports Successful Snorenz(R) Launch in Singapore
Monday March 5, 8:00 am ET
BOCA RATON, Fla.--(BUSINESS WIRE)--Med Gen Inc. (OTCBB:MGEN - News), manufacturers of nationally branded OTC healthier life products announced today that it has received a 9,500 unit new order for Snorenz® to back up brisk sales from an earlier 20,000 unit order. The recent business from Singapore follows a yearlong effort to gain approval to ship Snorenz®, Med Gen's original and unique snore relief spray. "In 1997, Med Gen's Snorenz® was introduced to snorers world-wide by Kevin Trudeau on his Vantage Point TV Show. The product grossed over $20 million in sales during an 8 month run," Said Paul Kravitz, Chairman & CEO.
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"However soon word got out and every major producer tried to copy Snorenz®, spending millions on advertising and eventually flooding the market with 'copy-cat' products. Most that do not work! Still, there is only one Snorenz®. Our patented formula, plus our ability to produce a superior product, has kept us alive for over 10 years. Our reach keeps increasing, now to China and Singapore and elsewhere, as products are approved for shipment after lengthy approval processes."
Mr. Kravitz, in a telephone interview, discussed the plight of many small companies who fight everyday to gain shelf displays at Retail stores, but are thwarted by their larger rivals. The Internet can provide a much more level playing field, although here too, a large investment is required. Med Gen's products span categories from Sleep to Weight Loss and cover an over $100 billion marketplace. Med Gen products can now be bought on their new www.medgen.com web site and from national Television and Print advertisements. The company has recently won wide acclaim and acceptance from PGA Tour Magazine, Health & Wellness Magazine and Gardening Magazine for its arthritic pain rub-on formula, Painenz®.
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, introducing Good 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.