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On June 16th, MagneGas announced that it had entered into a fuel distribution agreement with Florida-based Crumpton Welding Supply ("Crumpton"). On that date MagneGas President Richard Connelly stated, "MagneGas will partner with Crumpton's inside sales team to personally demonstrate the value of our product to each customer." The appointment of Michael Cokas as the Company's first manufacturer's rep is a move consistent with that plan, and one that demonstrates the Company's commitment to quickly addressing the $680 MM metal working market(1).
Mr. Cokas will work as an independent contractor and his primary purpose will be to drive sales through joint sales calls with the Crumpton inside and outside sales teams. In addition, he will support sales efforts throughout the state of Florida, leading sales calls, product consultations and new user training to promote MagneGas(TM) outside the Tampa area.
"We are excited to add Michael Cokas to the MagneGas team, and we feel that this is yet another demonstration of our ability to execute on our strategic to-market plan," stated MagneGas President Richard Connelly. "Mike is a seasoned industry professional, with 12 years of welding experience, a business degree and strong field sales track record. With his addition we can make our partner suppliers all the more effective, and continue to build MagneGas(TM) brand recognition in the Florida metal working market. Moreover, the experience we gain in this local effort will serve as the blueprint for our subsequent regional and national rollout."
To be added to the MagneGas investor email list, please email justin.davis@cirrusfc.com with MNGA in the subject line.
(1) Source: Company estimate
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 working 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 working, 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=BA6F7A4501B43B30 http://www.cirrusfc.com
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