MagneGas Added to Russell Microcap Index
TAMPA, Fla., June 30, 2014
TAMPA, Fla., June 30, 2014 /PRNewswire/ -- MagneGas Corporation ("MagneGas" or
the "Company") (NASDAQ: MNGA), a leading energy and technology company that
counts among its inventions a patented process that converts liquid waste into
a hydrogen-based fuel, today announced its addition to the Russell Microcap®
"Our inclusion to the Russell Microcap Index is a great accomplishment for our
company and further demonstrates the progress we continue to make at
MagneGas," stated Ermanno Santilli, CEO of MagneGas. "We are confident our
membership into this index will generate greater exposure to the investment
community as we continue to execute on our business strategy."
Membership in the Russell Microcap Index results in automatic inclusion in the
appropriate growth and value style indexes. Russell determines membership for
its equity indexes primarily by objective market-capitalization rankings and
Russell indexes are widely used by investment managers and institutional
investors for index funds and as benchmarks for active investment strategies.
Russell calculates more than 700,000 benchmarks daily covering approximately
98 percent of the investable market globally, 80 countries and more than
10,000 securities. Approximately $5.2 trillion in assets are benchmarked to
the Russell Indexes.
Annual reconstitution of Russell Indexes captures the 4,000 largest U.S.
stocks as of the end of May, ranking them by total market capitalization to
create the Russell 3000® Index and Russell Microcap Index. These investment
tools originated from Russell's multi-manager investment business in the early
1980s when the company saw the need for a more objective, market-driven set of
benchmarks in order to evaluate outside investment managers.
Total returns data for the Russell Microcap and other Russell Indexes is
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 Russell Investments
Russell Investments (Russell) is a global asset manager and one of only a few
firms that offers actively managed multi-asset portfolios and services that
include advice, investments and implementation. Russell stands with
institutional investors, financial advisors and individuals working with their
advisors—using the firm's core capabilities that extend across capital market
insights, manager research, portfolio construction, portfolio implementation
and indexes to help each achieve their desired investment outcomes.
Russell has more than $259 billion in assets under management (as of
3/31/2014) and works with over 2,500 institutional clients, independent
distribution partners and individual investors globally. As a consultant to
some of the largest pools of capital in the world, Russell has $2.4 trillion
in assets under advisement (as of 6/30/2013). It has four decades of
experience researching and selecting investment managers and meets annually
with more than 2,200 managers around the world. Russell traded more than $1.6
trillion in 2013 through its implementation services business. Russell also
calculates approximately 700,000 benchmarks daily covering 98% of the
investable market globally, including more than 80 countries and more than
10,000 securities. Approximately $5.2 trillion in assets are benchmarked (as
of 12/31/2013) to the Russell Indexes, which have provided investors with 30
years of smarter beta.
About MagneGas Corporation
Founded in 2007, Tampa-based MagneGas Corporation (NASDAQ: MNGA) is a
technology Company that counts among its inventions, a patented process that
converts liquid waste into hydrogen based fuels. The Company currently sells
MagneGas® into the metal working market as a replacement to acetylene. It is
also selling equipment for the sterilization of bio-contaminated liquid waste
for various industrial and agricultural markets. In addition, the Company is
developing a variety of ancillary uses for MagneGas® fuels utilizing its high
flame temperature for co-combustion of hydrocarbon fuels and other advanced
applications. 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.
SOURCE MagneGas Corporation
Contact: Investor Contacts: KCSA Strategic Communications, Philip Carlson /
Vincent Piazza, +1 212.896.1233 / +1 212.896.1233, email@example.com /
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