SOURCE: MagneGas Corp.

MagneGas Corp.

November 18, 2009 09:00 ET

MagneGas Expands Middle East Reach With First International Fuel Distribution Agreement

New Alliance Gives Immediate Exposure to UAE and Dubai Metal Working Markets

TAMPA, FL--(Marketwire - November 18, 2009) - MagneGas Corporation ("MagneGas" or the "Company") (OTCBB: MNGA), a producer of a metal working fuel and natural gas alternative made from liquid waste, announced today that it has entered into a Strategic Alliance Agreement ("SAA") with United Arab Emirates ("UAE")-based United Gas Company ("UNIGAS"). The parties entered into the SAA in order to replace existing UAE and Dubai metal working fuel sales with MagneGas™.

UNIGAS (www.unigastt.com) is a fuel distributor for the UAE/Dubai region; it has recognized MagneGas™ as a potential green fuel replacement for acetylene and other metal working fuels. UNIGAS is presently exploring the opportunity to become an exclusive distributor of MagneGas™ for the region, including the purchase of equipment directly from the Company so that UNIGAS can produce fuel locally. Thus, UNIGAS has assumed the responsibility to provide the local promotion and analysis necessary to determine how to profitably enter the market. UNIGAS has already submitted an initial purchase order for 430 cylinders and the necessary retrofitting accessories to ensure immediate market penetration and demand conversion.

"Of all of our developments in 2009, this stands out as one of the most important milestones to date for our Company and its global expansion targets," stated MagneGas President Rich Connelly. "Our agreement with UNIGAS is a partnership in its truest sense -- that they have already included with this agreement a sizable purchase order demonstrates their commitment to a long-term, mutually beneficial relationship. Moreover, this agreement further proves that the MagneGas™ Technology has enormous potential across global markets."

"We are very excited to have the opportunity to distribute MagneGas™ throughout the UAE region. I just completed my visit to the corporate headquarters in Florida and personally tested MagneGas™ for the metal working market," stated UNIGAS Operations Manager Ahmad Abd Al Bari. "I was amazed and impressed to find that it cuts cleaner and faster than other metal working fuels, while offering the market its first 'green alternative'. We are looking forward to being the premier distributor of MagneGas™ in the Middle East."

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 made from liquid waste such as sewage, sludge, manure and certain industrial and oil based liquid wastes. The Company's patented Plasma Arc Flow™ process gasifies liquid waste, creating a clean burning fuel that is essentially interchangeable with natural gas, but with lower green house gas emissions. MagneGas™ can be used for metal cutting, cooking, heating or powering bi fuel automobiles.

FORWARD-LOOKING STATEMENTS

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