MagneGas Opens Equipment Sales Channel With First Manufacturer's Rep Agreement
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TAMPA, FL, Mar 30 (MARKET WIRE) --
MagneGas Corporation ("MagneGas" or the "Company") (OTCBB: 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
Flow(TM) 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 MagneGas(TM) 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 President Richard
Connelly. "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 MagneGas(TM) Technology. Their territory is among the
most densely populated in the country, and therefore in dire need of
recycling liquid waste while producing a clean burning American fuel. 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
Flow(TM) technology as a groundbreaking 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 (OTCBB: MNGA)
(www.magnegas.com) 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.
For more information, please visit www.magnegas.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.
CONTACT:
Cirrus Financial Communications, LLC
Justin K. Davis
(866) 330-MNGA (6642)
Email Contact
www.cirrusfc.com
Copyright 2009, Market Wire, All rights reserved.
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