SOURCE: MagneGas Corp.

MagneGas Corp.

October 01, 2009 07:00 ET

MagneGas Continues Business Plan Execution With Third Fuel Distributor Agreement

TAMPA, FL--(Marketwire - October 1, 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 grown its footprint within the $680(1) million metal cutting fuel market through its third fuel distribution agreement, this one with Tennessee-based Holston Gases ("Holston") (www.holstongases.com).

Holston will immediately begin selling MagneGas™, created from non-hazardous liquid waste, through its 22 locations across Tennessee, Alabama and Kentucky. Holston employs a sales force of 50 - 60 experienced sales professionals split evenly across inside and outside sales.

"We are proud to align ourselves with family-owned Holston Gases," stated MagneGas President Richard Connelly. "With a 50-year history in the Southeast, Holston has put down deep roots, and created the even deeper customer relationships that will give MagneGas™ immediate credibility as a new entrant to the market. Moreover, the breadth of their sales force should provide increased awareness in a short period of time. With this new agreement, we have extended our reach to 8 states in just 3 months."

Phil Kirby, Holston's Regional Manager, stated, "We at Holston Gases are excited to be the first to bring the green gas technology of MagneGas™ to our home market. Holston will be introducing this revolutionary metal working gas to our existing customer base, while expanding to competitive accounts to ensure full distribution and cement a successful marketing partnership with MagneGas Corp."

(1) Source: Company estimate

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.


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