SOURCE: MagneGas Corp.

MagneGas Corp.

March 03, 2010 09:00 ET

MagneGas Books First International Fuel Sale, Makes Middle East Commercial Debut

TAMPA, FL--(Marketwire - March 3, 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 booked and received payment for its first international sale of MagneGas™, selling 294 cylinders of the MagneGas™ fuel to United Arab Emirates ("UAE")-based United Gas Company ("UNIGAS"). The Company and UNIGAS first entered into a Strategic Alliance Agreement ("SAA") in November 2009. With this sale MagneGas has converted its first international exploratory partnership into commercial reality, and will have actual MagneGas™ fuel on the ground and in use in the potentially lucrative Middle East.

UNIGAS intends to use this first shipment to confirm its demand expectations for the UAE, and Dubai in particular. UNIGAS has secured the rights to be the distributor of MagneGas™ for the region, and will source product from MagneGas in the near term. Longer term, UNIGAS has expressed interest in purchasing equipment from the Company and producing fuel locally.

To view the original SAA announcement, click on the following link:

"At the time, our announcement of the SAA with UNIGAS was one of the most significant developments in our Company's history; this conversion of the agreement into sales trumps even that," stated MagneGas President Richard Connelly. "With this initial batch sale we have taken a huge step to becoming a global supplier. We believe that this event will precipitate additional agreement-to-sales conversions among our other international relationships, and pave the way for both expanded fuel sales and higher ticket equipment sales around the world."

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About MagneGas Corporation (
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.


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