TAMPA, FL -- (Marketwire) -- 06/14/11 -- MagneGas Corporation ('MagneGas' or the 'Company') (OTCBB: MNGA), the producer of a technology that converts liquid waste into a hydrogen-based metal working fuel and natural gas alternative, announced today that it is now supplying MagneGas fuel to U.S. Wholesale Pipe & Tube ('USW') (www.usw.com). Based in Holiday, FL, USW has five locations across Florida, Georgia, Texas and California. A significant fabricator of steel components and products, USW has been testing MagneGas fuel for approximately two months and is now beginning the company-wide conversion from acetylene to MagneGas. It has initiated this process at its Florida location and could be the first customer to introduce the fuel to the keystone California and Texas markets.
'At U.S. Wholesale Pipe & Tube we are known for our quality, innovation and ability to customize to meet clients' needs,' stated USW President and CEO Ed Rachel. 'As such we are very selective in the products we employ. We have thoroughly live-tested MagneGas and have found it to be at least as effective as our current fuel options, while being extraordinarily cleaner in operation. We believe that this fuel represents the future of metal working technology, and we are proud to be at the forefront of the industry's 'green' movement.'
About U.S. Wholesale Pipe & Tube (www.usw.com)
USW has over a decade of steel distribution and fabrication experience in the mechanical tube market. USW has a reputation for providing superior quality, service and value. USW maintains a 2,500 ton inventory within a network of strategically located, company-owned/operated facilities. USW has locations in Holiday, FL; Tucker, GA; Oakland, CA; Anaheim, CA; and Arlington, TX.
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About MagneGas Corporation (www.magnegas.com)
Founded in 2007, Tampa-based MagneGas Corporation (OTCBB: MNGA) is the producer of MagneGas, a natural gas alternative and metal working fuel that can be made from industrial, municipal, agricultural and military liquid wastes following the receipt of appropriate governmental permits.
The Company's patented Plasma Arc Flow process gasifies liquid waste, creating a clean burning hydrogen based fuel that is essentially interchangeable with natural gas, but with lower green house gas emissions. MagneGas can be used for metal working, cooking, heating, powering bi fuel automobiles and more.
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