TAMPA, FL -- (Marketwire) -- 09/28/11 -- 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 Quest Cylinder & Cryogenic Company ('Quest') (www.questcylinder.com) of London, OH will begin serving as a regional distributor for MagneGas? fuel. Quest already has customers for the fuel and is taking receipt of its first fuel shipment from the Company this week. Its goal is to eventually make MagneGas? a leading component of its fuel product offering. This is the Company's third Midwestern relationship, and its first in Ohio.
'We are pleased to announce our Ohio market entrance, and proud to do so through a partner as well-established and respected as is Quest,' stated MagneGas President Scott Wainwright. 'Quest has an exceptional team and will provide us the most professional representation possible in this key fabrication market. In general, as we cement our Midwest market presence we create the perfect springboard for expansion west of the Mississippi.'
'We are proud to represent MagneGas? fuel in the Ohio market -- it is once in a generation that a distributor can stand behind a product so revolutionary,' stated Quest President Glenn Duggar. 'Not only does it outperform other fuels on the market, but it is the only one in existence we can sell as a 'clean' fuel. We are excited about the potential of MagneGas? fuel, both in application and as a catalyst for our business' further growth.'
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About Quest Cylinder & Cryogenic Company (www.questcylinder.com)
Quest has served the compressed gas industry for 35 years. A third-generation, family-owned business, Quest supplies a full range of new and used cylinders and cryogenic vessels to the industrial gas distribution market. Quest also provides requalification and maintenance of gas vessels. Star Gas, a division of Quest, provides gases and welding products to manufacturers and retail markets.
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.
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. The Company is currently using new antifreeze, vegetable oil and ethylene glycol to produce fuel until proper permits to process used liquid waste have been obtained.