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Press Release Source: MagneGas Corp. On Tuesday June 14, 2011, 9:00 am EDT
TAMPA, FL–(Marketwire – 06/14/11) – MagneGas Corporation (“MagneGas” or the “Company”) (OTC.BB:MNGA – News), 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 (OTC.BB:MNGA – News) 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.
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