TAMPA, Fla., Nov. 5, 2013 /PRNewswire/ -- MagneGas Corporation ("MagneGas" or the "Company") (NASDAQ: MNGA), the developer of a technology that converts liquid waste into a hydrogen-based fuel, announced today that AWISCO Corporation of Maspeth, New York has signed as a distributor selling MagneGas™ fuel in New York, New Jersey and Connecticut. AWISCO has taken its first delivery of 700 MagneGas cylinders and plans on distributing the fuel to various industries including fire & rescue units, demolition companies, construction companies and bridge repairers.
"I am thrilled with the opportunity of introducing this innovative fuel gas to our marketplace and look forward to growing our distribution relationship with MagneGas," stated AWISCO President Lloyd Robinson. "MagneGas is the most significant new product in oxy-fuel gas technology in fifty years and is the first fuel gas that is not only safe, clean and fast but also environmentally friendly," he added.
"We've demonstrated exceptional speed, cleanliness and cutting quality of MagneGas to the Iron Worker's Union as well as government agencies and their response has been overwhelmingly positive," said Victor Fuhman, AWISCO Vice President of Sales. "MagneGas is truly environmentally friendly and the source stock virtually inexhaustible," Fuhman concluded."Joining forces with AWISCO, a premium distributor for the fabrication market, allows MagneGas to expand our reach, covering a large and expanding region in the North East," stated Bryan George, Senior Vice President Sales & Distributor Relations for MagneGas. "We are very excited about the growth potential with this new relationship, and look forward to a steady increase in new customers with a quality business partner in the region." 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 firstname.lastname@example.org with MNGA in the subject line.
Check Out Our Best Services for Investors
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Model portfolio
- Stocks trading below $10
- Intraday trade alerts