MagneGas Adds Multi-Site Customer in Allied Recycling
New customer helps expand MagneGas sales efforts across Florida
TAMPA, Fla., Dec. 20, 2012
TAMPA, Fla., Dec. 20, 2012 /PRNewswire/ --MagneGas Corporation ("MagneGas" or
the "Company") (NASDAQ: MNGA), the developer of a technology that converts
liquid waste into a hydrogen-based metal working fuel and natural gas
alternative, announced today that the Company has entered into an agreement
with Allied Recycling to provide MagneGas™ fuel for metal cutting. MagneGas
will ship the fuel from its Tarpon Springs, Florida headquarters to Allied
Recycling's six facilities across the state of Florida.
"We have been very impressed with the overall effectiveness of MagneGas™,"
commented Todd Adamson, Vice President of Allied Recycling. "When we began
using the fuel, we saw the immediate impact it had as MagneGas™ burned hotter
than what we have been currently using and allowed for us to make faster
cuts.Coupled with the overall savings we will incur, it was an easy decision
for us to begin using MagneGas™."
"Our continued execution of our growth strategy help to provide this nice
customer win for MagneGas as Allied Recycling helps to increase our sales
footprint in the state of Florida," stated Ermanno Santilli, Chief Executive
Officer of MagneGas. "We are looking forward to a successful business
relationship with Allied Recycling and are confident MagneGas will be the
solution to their metal cutting needs."
The MagneGas IR App is now available for free in Apple's App Store for the
iPhone or iPad http://bit.ly/AfLYww and at Google Play http://bit.ly/Km2iyk
for Android mobile devices.
To be added to the MagneGas investor email list, please email
firstname.lastname@example.org with MNGA in the subject line.
About Allied Recycling
Incorporated in 1992, Allied Recycling is a full service metal recycling
company based in Fort Myers, Florida. Allied owns and operates eight yards,
including six in Florida, ranging in size from two to 30 acres. Since its
inception, Allied Recycling has become one of the leading metal recycling
organizations in South Florida, providing invaluable services to builders,
commercial businesses, and local residents. Known for offering superior value,
Allied continues to develop and expand its products and services to meet the
needs of a growing and changing customer base.
About MagneGas Corporation
Founded in 2007, Tampa-based MagneGas Corporation (NASDAQ: MNGA) is the
producer of MagneGas™, as natural gas alternative and metal working fuel that
can be made from certain industrial, municipal, agricultural and military
liquid wastes following the receipt of appropriate governmental permits.
The Company's patented Plasma Arc Flow™ process gasifies liquid waste,
creating a clean burning hydrogen based fuel that is essentially
interchangeable with natural gas. MagneGas™ can be used for metal working,
cooking, heating, powering bi fuel automobiles and more. For more information
on MagneGas, please visit the Company's website at www.magnegas.com.
This press release contains forward-looking statements as defined within
Section 27A of the Securities Act of 1933, as amended, and Section 21E of the
Securities Exchange Act of 1934, as amended. These statements relate to
future events, including our ability to raise capital, or to our future
financial performance, and involve known and unknown risks, uncertainties and
other factors that may cause our actual results, levels of activity,
performance, or achievements to be materially different from any future
results, levels of activity, performance or achievements expressed or implied
by these forward-looking statements. You should not place undue reliance on
forward-looking statements since they involve known and unknown risks,
uncertainties and other factors which are, in some cases, beyond our control
and which could, and likely will, materially affect actual results, levels of
activity, performance or achievements. Any forward-looking statement reflects
our current views with respect to future events and is subject to these and
other risks, uncertainties and assumptions relating to our operations, results
of operations, growth strategy and liquidity. We assume no obligation to
publicly update or revise these forward-looking statements for any reason, or
to update the reasons actual results could differ materially from those
anticipated in these forward-looking statements, even if new information
becomes available in the future. The Company is currently using new ethylene
glycol to produce fuel until proper permits to process used liquid waste have
For a discussion of these risks and uncertainties, please see our filings with
the Securities and Exchange Commission. Our public filings with the SEC are
available from commercial document retrieval services and at the website
maintained by the SEC at http://www.sec.gov.
KCSA Strategic Communications
Philip Carlson / Brad Nelson
+1 212.896.1233 / +1 212.896.1217
email@example.com / firstname.lastname@example.org
SOURCE MagneGas Corporation
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