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As excerpted from the article,
"At a time when green technology is a hot topic, [MagneGas] is seeing ample interest from potential customers and partners.
"The company's fuel has many potential applications, but the initial focus in the US is for welding and metal working...The Company reports the metal working fuel market to be worth an estimated USD 680m annually. Its latest success in the market is a fuel distribution agreement with Florida-based Crumpton Welding Supply, announced in June.
"MagneGas looks to build revenue through fuel sales in the US and sales of equipment -- portable refineries with which users can process their own fuel -- in international markets, the executives said."
If you cannot access the article from the links above, please copy and paste the following URL into a new browser window: http://www.cirrusfc.com/mnga_mergermarket_071709.pdf.
About mergermarket
mergermarket (www.mergermarket.com) is an independent M&A intelligence service. Unlike any other service of its kind, mergermarket specializes in providing forward-looking origination and deal flow opportunities integrated with a comprehensive deals database -- resulting in real revenues for clients.
About MagneGas Corporation
Founded in 2007, Tampa-based MagneGas Corporation (OTCBB: MNGA | Quote | Chart | News | PowerRating) is the producer of MagneGas(TM), a natural gas alternative and metal cutting fuel made from liquid waste such as sewage, sludge, manure and certain industrial and oil based liquid wastes. The Company's patented Plasma Arc Flow(TM) process gasifies liquid waste, creating a clean burning fuel that is essentially interchangeable with natural gas, but with lower green house gas emissions. MagneGas(TM) can be used for metal cutting, cooking, heating or powering bi fuel automobiles.
FORWARD-LOOKING STATEMENTS
The information contained herein includes forward-looking statements. These statements relate to future events 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 safe harbor for forward-looking statements contained in the Securities Litigation Reform Act of 1995 protects companies from liability for their forward-looking statements if they comply with the requirements of the Act.
CONTACT: Cirrus Financial Communications, LLC Justin K. Davis (866) 330-MNGA (6642) Email Contact www.cirrusfc.com
SOURCE: MagneGas Corp.
http://www2.marketwire.com/mw/emailprcntct?id=48C498DB61DBA48E http://www.cirrusfc.com
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