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MagneGas executes letter of intent to acquire San Diego industrial gas distributor that generates over $1 million of annualized revenue


Wednesday, 27 Sep 2017 07:00am EDT 

Sept 27 (Reuters) - MagneGas Corp :MagneGas executes letter of intent to acquire San Diego industrial gas distributor that generates over $1 million of annualized revenue.MagneGas Corp - ‍upfront cash consideration for transaction is $750,000​.MagneGas Corp - ‍acquisition would represent a 28% increase in MagneGas revenues compared to company's 2016 revenues​.