SOURCE: MagneGas Corp.

MagneGas Corp.

March 08, 2011 09:00 ET

MagneGas Now Approved for Blue Sky Manual Exemption in 43 States

Under Blue Sky Laws, Brokers Can Now Solicit Orders for MagneGas Common Stock

TAMPA, FL--(Marketwire - March 8, 2011) - MagneGas Corporation ("MagneGas" or the "Company") (OTCBB: MNGA), the producer of a technology that converts liquid waste into a hydrogen-based metal working fuel and natural gas alternative, announced today that it has been approved for secondary trading in 43 U.S. states under each state's respective Blue Sky Laws. Brokers in each state can now solicit orders for MagneGas common stock.

Of the states in which it must still be approved, the Company is immediately taking the steps necessary in California and Texas, and will thereafter follow suit in Arkansas, Montana, Nebraska, New Hampshire and North Dakota.

"On behalf of our shareholders we have continued to press forward to true public company maturity," stated MagneGas President Scott Wainwright. "We have been striving to reach this level of trading clearance since our capital markets debut, and are proud to announce to the investing community that nearly all barriers to traditional-method investing have been removed."

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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 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 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.


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