MagneGas Secures Agreement to Begin Commercial Sale of MagneGasTM Fuel

TAMPA, FL--(Marketwire - June 16, 2009) - MagneGas Corporation ("MagneGas" or the "Company") (<exchange name="OTCBB">OTCBB</exchange>: <a href="stock.jsp?Ticker=MNGA">MNGA</a>), a producer of a metal cutting fuel and natural gas alternative made from liquid waste, announced today that it has begun inroads into the $680 million metal cutting fuel market through a fuel distribution agreement with Florida-based Crumpton Welding Supply ("Crumpton"). Crumpton will immediately begin selling MagneGas™, created from non-hazardous liquid waste, to their 4,500 customers through their offices in Tampa, St. Petersburg, Auburndale and Port Charlotte. MagneGas™ exceeds all EPA air emission requirements and is a new green fuel technology for this market. Crumpton will submit purchase orders based on customer demand and sufficient to maintain inventory at each if its four distribution centers; it has already placed its first order to begin MagneGas™ market introduction. "We are very pleased to begin our efforts into the $680 million(1) metal cutting and welding fuel market with a distributor like Crumpton," stated MagneGas President Richard Connelly. "A family-owned business celebrating its 49th year, they pride themselves on their industry expertise and are committed to promoting new green technologies. We feel it is the perfect firm to introduce to established customers an innovative green product like MagneGas™." "On the strength of these merits we will take a very active approach to educating and converting Crumpton's existing 4,500 customers. MagneGas will partner with Crumpton's inside sales team to personally demonstrate the value of our product to each customer, and we will attend each Crumpton Open House to further cement our presence. We are confident that we can make immediate progress in this market, and using this as a test case we can stage a roll-out of learned best practices to the national metal cutting market." Charlie Crumpton, President of Crumpton Welding Supply, stated, "By including MagneGas™ in our portfolio we are now able to offer our clients and our expanding customer base a true green gas technology that we have never seen before in the welding gas arena. We look forward to increased sales results by promoting the benefits of this technology to our entire marketplace." This is the fifth potential revenue channel MagneGas has opened in the last 90 days. It also previously announced: <pre> -- The receipt of a $1.2 MM purchase order and launch of the Philippines and Vietnam markets -- The acquisition of rights to MagneGas™ Technology in Israel -- The acquisition of rights to MagneGas™ Technology in India, Pakistan and neighboring countries -- An equipment sales agreement across much of the U.S. Mid-Atlantic region </pre> To be added to the MagneGas investor email list, please email <a href="mailto:justin.davis@cirrusfc.com">justin.davis@cirrusfc.com</a> with MNGA in the subject line. About MagneGas Corporation Founded in 2007, Tampa-based MagneGas Corporation (<exchange name="OTCBB">OTCBB</exchange>: <a href="stock.jsp?Ticker=MNGA">MNGA</a>) is the producer of MagneGas™, 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™ process gasifies liquid waste, creating a clean burning fuel that is essentially interchangeable with natural gas, but with lower green house gas emissions. MagneGas™ 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. (1) Source: Company estimate </div> <

2009-06-17T02:01:31Z

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2009-06-16

Marketwire MagneGas Secures Agreement to Begin Commercial Sale of MagneGasTM Fuel

2009-06-17T02:01:31Z

http://www.marketwire.com/press-release/Magnegas-Corp-1004363.html