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."

To be added to the MagneGas investor email list, please email justin.davis@magnegas.com with MNGA in the subject line.

Become a MagneGas fan and follow the Company on Facebook -- visit www.facebook.com/MagneGas.

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 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.

FORWARD-LOOKING STATEMENTS

The information contained herein includes forward-looking statements. These statements relate to future events or to our future financial performance, and involve known and unknown risks, uncertainties and other factors that may cause our actual results, levels of activity, performance, or achievements to be materially different from any future results, levels of activity, performance or achievements expressed or implied by these forward-looking statements. You should not place undue reliance on forward-looking statements since they involve known and unknown risks, uncertainties and other factors which are, in some cases, beyond our control and which could, and likely will, materially affect actual results, levels of activity, performance or achievements. Any forward-looking statement reflects our current views with respect to future events and is subject to these and other risks, uncertainties and assumptions relating to our operations, results of operations, growth strategy and liquidity. We assume no obligation to publicly update or revise these forward-looking statements for any reason, or to update the reasons actual results could differ materially from those anticipated in these forward-looking statements, even if new information becomes available in the future. The safe harbor for forward-looking statements contained in the Securities Litigation Reform Act of 1995 protects companies from liability for their forward-looking statements if they comply with the requirements of the Act. 

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