MagneGas Nears Mexico Market Introduction


Source: Marketwire

With Wastewater Refinery Complete and in Testing, MagneGas Extends Exclusivity Agreement

TAMPA, FL -- (Marketwire) -- 07/11/11 -- 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 has amended its non-binding Memo of Understanding ('MOU') with Inmobiliaria Grupo Corporativo S.A. de C.V. ('IGC') of Mexico, now doing business as Green Planet Aid ('GPA'). Pursuant to the amended MOU, GPA reaffirms its intent to purchase its first 300 kW Refinery from the Company, thereby securing exclusive distribution rights for the Mexican market for an initial five-year period.

MagneGas has completed its first next-generation wastewater sterilization Refinery and is currently testing its operation at a local municipality. The Company expects these tests to be complete and their analysis available within the next 30 days. Assuming favorable results, GPA has further expressed its intent to complete the purchase immediately thereafter. GPA engineers and technicians would then receive comprehensive training on the Refinery at Company headquarters in Tarpon Springs, FL; the training would help ensure smooth market introduction and optimal ongoing operation.

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About MagneGas Corporation (
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.


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.

Justin K. Davis
Vice President of Domestic Relations
MagneGas Corporation
(727) 934-3448
Email Contact

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