Tampa, Florida – March 30, 2009 – MagneGas Corporation (“MagneGas” or the “Company”) (OTC BB: MNGA), a producer of a metal cutting fuel and natural gas alternative made from liquid waste, announced today that it has taken an important commercial step forward with the signing of its first manufacturer’s rep agreement. The agreement with Pennsylvania-based George KELSO Company, LLC (“KELSO”) (www.kelsocompany.com) immediately opens an equipment sales channel to much of the Mid-Atlantic Region, including southern New Jersey, eastern Pennsylvania, Maryland, Delaware, Washington D.C. and its five surrounding counties.
Effective immediately KELSO will begin selling all base equipment, peripherals and by-products associated with the MagneGas Plasma Arc FlowTM technology to municipalities and other industrial end users such as manufacturing companies. The initial target of the KELSO campaign will be to establish a demonstration center in their territory at a sewage treatment facility converting sewage into MagneGasTM fuel.
“No technology, even the most innovative and timely, will sell itself – an evolutionary product needs a champion with an established presence, loyal customers and industry expertise. We have aligned ourselves with precisely that in the KELSO Company.” stated MagneGas CEO Dr. Ruggero Santilli. “With a 61-year operating history and over 30 years in the municipal wastewater area, KELSO is tailor made for the introduction and sell-through of the MagneGasTM Technology. Their territory is among the most densely populated in the country, and one in dire need of environmental relief. We have strategically selected an introductory market with high potential demand, and a sales partner that has an established track record and proven results.”
According to KELSO CEO Joe Voss, “Being a manufacturer’s representative, the George KELSO Company, LLC has brought many new products and systems to market. We are constantly looking for new and innovative ways to satisfy our customers’ needs. We see the MagneGas waste-to-energy Plasma Arc FlowTM technology as a ground breaking product with tremendous customer benefits. It has been a long time since we have seen such a leap forward in technology and we are extremely energized about the market potential for such a revolutionary system.”
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 (OTC BB: MNGA) (www.magnegas.com) is the producer of MagneGasTM, 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 FlowTM process gasifies liquid waste, creating a clean burning fuel that is essentially interchangeable with natural gas, but with lower green house gas emissions. MagneGasTM can be used for metal cutting, cooking, heating or powering bi fuel automobiles. For more information, please visit www.magnegas.com.
CONTACT:
Cirrus Financial Communications, LLC Justin K. Davis
(866) 330-MNGA (6642)
Justin.Davis@cirrusfc.com
www.cirrusfc.com
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.
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