TAMPA, Fla. -- MagneGas Corporation, www.magnegas.com ('MagneGas' or the 'Company') (NASDAQ: MNGA), a technology company that counts among its inventions a technology that converts liquid waste into a MagneGas® fuel, announced today that on June 1, 2015, it received notice from NASDAQ OMX that it has met the minimum bid price required by NASDAQ Rule 5550(a)(2) to enable it to maintain its NASDAQ listing. The notice states that NASDAQ has closed its review.
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About MagneGas Corporation
Founded in 2007, Tampa-based MagneGas Corporation (NASDAQ: MNGA) is a technology Company that counts among its inventions, a patented process that converts liquid waste into hydrogen based fuels. The Company currently sells MagneGas® into the metal working market as a replacement to acetylene. It is also selling equipment for the sterilization of bio-contaminated liquid waste for various industrial and agricultural markets. In addition, the Company is developing a variety of ancillary uses for MagneGas® fuels utilizing its high flame temperature for co-combustion of hydrocarbon fuels and other advanced applications. For more information on MagneGas®, please visit the Company's website at www.MagneGas.com.