Invest in Cleantech

Invest in Cleantech

Wednesday, August 12, 2009

Green Gas News - MagneGas (OTCBB:MNGA) Expands Fuel Distribution Channel With Second Sales Agreement

Green Gas News - MagneGas (OTCBB:MNGA) Expands Fuel Distribution Channel With Second Sales Agreement

TAMPA, FL - MagneGas Corporation ("MagneGas" or the "Company") (OTCBB: MNGA), a producer of a metal working fuel and natural gas alternative made from liquid waste, announced today that it has secured additional access to the $680 million(1) metal working fuel market through a fuel distribution agreement with Pennsylvania-based York Welding Supply ("York"), its second such agreement in just the last 60 days (click here to read about the first).

York will immediately begin selling MagneGas™, created from non-hazardous liquid waste, to their Pennsylvania customers through their office in York and to a territory that also includes Harrisburg, Lancaster and Reading. MagneGas™ exceeds all EPA air emission requirements and is a new green fuel technology for this market. York will submit purchase orders based on customer demand and sufficient to maintain inventory at its distribution center; York has already placed its first small order as its initial entry into the market.

"We are very pleased to continue our fuel sales efforts with a distributor like York," stated MagneGas President Richard Connelly. "Founded in 1974, York has deep roots in the Pennsylvania market, and the expertise to most effectively introduce a product like MagneGas™. To sell fuel for the first time out of our home state of Florida we very carefully measured all potential partners, looking for that firm who could most immediately provide us credibility and sell-through in a critical market. We believe we have found that in York Welding Supply.

"Pennsylvania ranks third in the U.S. in consumption of welding products and processes, and thus is an ideal market and a potential catalyst for future MagneGas growth. We believe this agreement will create for us brand recognition within this key state, and serve as a foundation from which to expand to the entire Northeast."

"I believe the sales and distribution of MagneGas™ will highlight York Welding Supply's desire to be on the cutting edge of green gas technology," stated Dean Whittmer, York VP of Sales and Marketing. "MagneGas will be offered to our entire customer base and it will also be used to gain an advantage over our competition. York Welding Supply plans to bring this gas to market in all facets of the Metal Working arena and is proud to be the first distributor of MagneGas™ in Pennsylvania."

To be added to the MagneGas investor email list, please email justin.davis@cirrusfc.com with MNGA in the subject line.

About Magnegas Corporation

Founded in 2007, Tampa-based Magnegas Corporation (OTCBB:MNGA) 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
http://www.cirrusfc.com/

Source: MagneGas Corp.

Magnegas Corporation (OTCBB:MNGA) is a featured Company on Green Investor Portal RenewableEnergyStocks.com Environmentstocks.com, Investorideas.com and our India portal Indiastockmarket.com

For MNGA company showcase info click here: /CO/MNGA/

Disclaimer/ Disclosure: /About/Disclaimer.asp

Investorideas.com Membership – Green Stocks
Research more environment and fuel cell stocks as a member of Investor Ideas
Learn more: - /membership/






Published at The Investorideas.com Renewable Energy and GreenTech Business and Stock News RSS Feed: Subscribe : http://www.investorideas.com/RSS/feeds/RES.xml
Become an Investorideas.com Member
Gain Exclusive Insight on Leading Sectors, Global Trends, and Insider Trading Ideas, News, Articles and the complete renewable energy stocks directory.
Learn more: http://www.investorideas.com/membership/


InvestorIdeas.com Disclaimer: Issuers of press releases and articles are solely responsible for the accuracy of the content