BRYAN GEORGE – VICE PRESIDENT OF INDUSTRIAL GAS SALES: Mr. Bryan George has over 20 years of experience in the metal working industry with specific extensive experience bringing new metal cutting fuels to market. Recently Mr. George was the National Fabrication/Application Manager for Matheson Tri-Gas from 2009 to 2013. He was also National Market Manager for Air Liquide America from 2004 to 2009 and held various roles from Product Manager to National Marketing Manager for Airgas, Inc. from 1989 to 2003.
"Today is a historic day for MagneGas in two significant ways," stated
, CEO of MagneGas Corporation. "First, the recent developmental advancements and subsequent amicable departure of Dr. Santilli affords the board and management team the ability to prosper with the technical advancements we need to be successful. We are eternally grateful to Dr. Santilli for his contributions as the founding father of MagneGas Corporation."
"Second, not only have we added critical industry specific skills and market access to the board and management team, but we also now have an independent majority on the board. The recent advances within our product and technology coupled with the addition of independent, market relevant board members are powerful drivers for growth that will allow the Company to continue to penetrate markets with blue chip customers," concluded Mr.
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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 antifreeze, vegetable oil and ethylene glycol to produce fuel until proper permits to process used liquid waste have been obtained.