SOURCE: MagneGas Corp.

MagneGas Corp.

February 10, 2011 10:10 ET

MagneGas Secures First Large Direct-Sale Fuel Customer

MagneGas to Begin by Servicing One of Eleven Trucking Terminals

TAMPA, FL--(Marketwire - February 10, 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 secured a large direct-sale fuel customer, CTL Transportation ("CTL") (www.ctltransportation.com). CTL is a Florida-based trucking company that hauls chemicals nationwide from eleven terminals in six states. MagneGas will initially provide its clean-burning fuel to the Mulberry, FL terminal to aid in the repair and maintenance of the location's 150 trucks. MagneGas™ fuel will replace metal working fuel currently in use in Mulberry; if successful, the Company believes it will have the opportunity to expand to all eleven locations.

"This agreement is an immediate validation of our new direct-sale platform," stated President Scott Wainwright. "We have secured a customer with multiple-location, high-volume potential, and because we've done it without a distributor's aid we can maximize our margins and reduce the time to revenue recognition. Moreover, we are now aligned with an industry leader whose 47-year tradition of excellence further bolsters the MagneGas™ brand. That a firm such as CTL Transportation has sought to partner with MagneGas speaks both to the quality of our fuel and that of the infrastructure we've established to efficiently service rapidly growing demand."

As CTL-Mulberry Foreman John McElroy further affirmed, "We switched to MagneGas™ for our cutting and welding after we tested it and found it to be the best on the market. It is an amazing gas that cuts faster and cleaner than the other cutting fuels. In addition it is the only green cutting fuel on the market, a key attribute as we seek to reduce the CTL carbon footprint."

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About CTL Transportation (www.ctltransportation.com
Founded in 1964, CTL Transportation is a Florida-based tank trucking company that hauls chemicals nationwide. CTL is a significant player in the nationwide chemical hauling business, and the principal carrier serving the phosphate industry. With 11 terminals in six states, CTL services all 48 contiguous states and Canada.

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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