Sept. 19, 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 new
customer Capital Scrap Metal, LLC has taken its first order of MagneGas
and plans to use the fuel throughout its
operations. MagneGas will supply Capital Scrap Metal's
locations with fuel sourced from the Company's distributor Cut-It Up Gas & Supply, LLC of
"We are very pleased with the performance of MagneGas
, Operations Manager of Capital Scrap Metal, LLC. "I am confident to say that after a one week trial of their fuel, MagneGas has gained a customer for life."
"Customers, new and old, continue to see the added benefits of using MagneGas
over other fuels throughout their metal cutting operations," stated
, CEO of MagneGas. "As we continue to successfully execute on our growth strategy, we are excited to provide another satisfied customer such as Capital Scrap Metal with our innovative fuel."
The MagneGas IR App is now available for free in Apple's
for the iPhone or iPad
and at Google Play
for Android mobile devices.
To be added to the MagneGas investor email list, please email
with MNGA in the subject line.
About MagneGas Corporation
Founded in 2007,
-based MagneGas Corporation (NASDAQ: MNGA) is the producer of MagneGas
, a 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
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 been obtained.