SOURCE: MagneGas Corp.

MagneGas Corp.

September 28, 2010 09:00 ET

Confirmed Domestic Gas Demand Prompts MagneGas to Manufacture Dedicated, High Volume Refinery

Onsite Unit to Both Satisfy Demonstrated Initial Demand and Enable Larger Sales

TAMPA, FL--(Marketwire - September 28, 2010) -  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 begun the manufacture of a high volume MagneGas(TM) Refinery intended to service the demonstrated demand for this clean, cost-effective American fuel. For the first time MagneGas will have a fixed refinery dedicated solely to the production of MagneGas(TM) for commercial sale.

"Cleaner. Faster. Less Expensive. This has been our alternative fuel value proposition since Day One," stated MagneGas President Richard Connelly. "Indeed in each case we are, and now we have confirmed institutional demand for MagneGas™. This warrants a dedicated Refinery onsite to produce the gas in sufficient quantities to service high volume, recurring revenue clients.

"As conservative operators we have produced fuel to date from small demonstration units or through temporary use of units bound for clients such as our China partner DDI Industry International. Once we complete this dedicated Refinery we can assure clients that their MagneGas™ source is available and ready to serve in volume. With this news we believe we can close on existing relationships, and secure additional gas customers in the coming months."

The Company believes that this Refinery will be completed and in place in 90 days or fewer, though it cannot provide assurance as to the exact date of completion.

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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, powering bi fuel automobiles and more.

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