MagneGas® Partner Placer Power LLC Places First Order
California partner places first order to build inventory and distribute
TAMPA, Fla., June 30, 2014
TAMPA, Fla., June 30, 2014 /PRNewswire/ -- MagneGas® Corporation ("MagneGas®"
or the "Company") (NASDAQ: MNGA), a leading technology company that counts
among its inventions a patented process that converts liquid waste into a
hydrogen-based fuel, announced today that partner Placer Power LLC in
California has placed their first order and expect the delivery of 676
cylinders the 2^nd week in July. Placer has already landed their first
distributor TriCo Welding Supplies Inc., who covers the Greater Sacramento
"Getting the gas in the hands of customers out west that are big in
fabricating, but also work in a state focused on a green initiative, will
prove big for MagneGas® and our credibility," stated Terry Vernille, Executive
Vice President of Sales for MagneGas®. "We are proud to have TriCo Welding
Supplies Inc. join the MagneGas® family through our partner Placer Power
"Placer Power LLC is very pleased to work with TriCo Welding Supplies Inc. on
our first order of MagneGas® and believe there will be many more orders to
come in the short term," stated Chris Du Pont, President Placer Power LLC. "We
have already demoed MagneGas® for potential distributors and customers in
California, Northern Nevada, and Southern Oregon with nothing but positive
responses after they see the superior performance of MagneGas® vs. their
currently used metal cutting gases."
"TriCo Welding Supplies Inc. is excited to have the opportunity to be the
exclusive distributor of MagneGas® in the Greater Sacramento area," stated Joe
Knieriem, one of the owners of TriCo Welding Supplies Inc., "Being able to
exclusively offer a superior product like MagneGas® will give us an advantage
over our competitors. We expect MagneGas® to be a vital offering to
significantly gain more market share and retain current customers."
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
email@example.com with MNGA in the subject line.
About TriCo Welding Supplies, Inc.
The owners of Trico are Leroy Paulucci, Robert (Bob) Baker and Joseph (Joe)
Knieriem. They have over 86 years of combined experience in the welding supply
industry. The Trico partnership has been serving customers in the Greater
Sacramento area for over 16 years. www.tricowelding.com
About Placer Power LLC
Placer Power LLC is a California Company formed to be a wholesaler of
MagneGas® and related hard goods. More information can be found at the
Company's website http://placerpower.com.
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
also sells 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 / +1 212.896.1289, firstname.lastname@example.org /
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