SOURCE: MagneGas Corp.

MagneGas Corp.

April 14, 2011 10:22 ET

MagneGas Secures Third Significant Fuel Customer in Last 60 Days

Garden Street Iron & Metal Provides Additional Multi-Location Expansion Opportunity

TAMPA, FL--(Marketwire - Apr 14, 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 reached agreement with scrap recycling leader Garden Street Iron & Metal ( to provide one of the client's locations with up to 100 cylinders of MagneGas™ per week. The Company believes it can expand this relationship to other Garden Street locations in Florida and Ohio.

"Empowered by the completion of our first dedicated fuel-producing Refinery, we have further penetrated the domestic fuel market," stated MagneGas President Scott Wainwright. "We believe we are just beginning to scratch the surface of our fuel's potential, and growing customer demand supports this. Garden Street is representative of the customers now within our reach: influential local brand; high volume, repeat sales; and multiple locations providing the opportunity for rapid account expansion. We will be servicing Garden Street through our new direct sale platform, eliminating distributor involvement and allowing us to capture retail margins."

As Garden Street Yard Manager Tim Nicolay commented, they switched to MagneGas™ because "As a waste recycler ourselves we are always looking to be greener, and the fuel has the added benefits of both burning hotter and cutting faster than what we have been using."

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About Garden Street Iron & Metal (
Founded in 1958 and still family-owned, Garden Street provides retail and industrial scrap metal purchasing, processing and shipment services. The Company processes scrap metal at five locations across Ohio and Florida, and provides paper and plastic recycling at a sixth location in Florida. Garden Street has over 100 employees and was recently featured in a cover story in Recycling Today ( To view the article, visit

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.

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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