SOURCE: Market Pulse

August 04, 2009 08:45 ET

Market Pulse Breaking News Alert for Tuesday, August 4, 2009: MNGA -- MagneGas Receives Its Most Significant Independent Media Attention to Date in the Form of a Feature Article in Welding Journal!

NOTE TO EDITORS: The Following Is an Investment Opinion Being Issued by Market Pulse.

ATLANTA, GA--(Marketwire - August 4, 2009) - Market Pulse News Alert for this AM, Stocks to Watch are: MagneGas Corporation (OTCBB: MNGA), Keryx Biopharmaceuticals Inc. (NASDAQ: KERX), SpongeTech Delivery Systems Inc. (OTCBB: SPNG) and Bank of America Corporation (NYSE: BAC).

MagneGas Corporation (OTCBB: MNGA) is the producer of MagneGas™, a natural gas alternative and metal cutting fuel made from liquid waste such as sewage, sludge, manure and certain industrial and oil based liquid wastes. The company's patented technology 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. The metal cutting market provides immediate sales opportunities. The technology is based in flowing the liquid waste through a submerged electric arc between coal electrodes. The arc decomposes the liquid molecules into atoms and forms a plasma around the tips of the electrodes at about 10,000° F to create MagneGas and other useful byproducts. Preliminary analysis has shown that the power generated from Wind Turbines has the ability to create a fuel through the Plasma Arc Flow refinery. MagneGas Corporation is currently seeking to form partnerships with existing Wind power companies to further explore the synergies of the two processes. MagneGas Corporation also recently announced that it had received a request from the city of Dunedin, Florida to conduct on site plant scale testing to convert municipal bio-solids into fuel. A preliminary test converted city sludge to MagneGas™ fuel. As a result, the city has requested plant scale testing which will provide the template for a national roll-out upon completion. MagneGas Corporation has taken an important commercial step forward with the signing of its first manufacturer's rep agreement. The agreement with Pennsylvania-based George KELSO Company, LLC immediately opens an equipment sales channel to much of the Mid-Atlantic Region, including southern New Jersey, eastern Pennsylvania, Maryland, Delaware, Washington D.C. and its five surrounding counties. KELSO Company's first goal is to locate grant funding to establish a MagneGas demonstration center in their territory converting Sewage or Sludge to MagneGas. MagneGas Corporation consists of Nobel Prize-nominated scientific leadership that is coupled with decades of industrial/specialty gas distribution expertise. MagneGas Corporation is poised to become a significant player in the $680 million metal cutting market! MNGA just had excellent news out in a press release before today's opening bell announcing that it has received its most significant independent media attention to date in the form of a feature article in Welding Journal -- perhaps the metal working industry's most respected publication and one with more than 55,000 loyal subscribers! Investors should be watching this one closely!

MagneGas Corporation (OTCBB: MNGA), a producer of a metal cutting fuel and natural gas alternative made from liquid waste, announced today that it has received its most significant independent media attention to date, in the form of a feature article in Welding Journal -- perhaps the metal working industry's most respected publication and one with more than 55,000 loyal subscribers. Even more so than previous MagneGas media mentions, the Welding Journal feature goes into detail on the Company, the technology and the product's tangible benefits to metal working professionals.

Effectively summing up the MagneGas opportunity, the article opens with:

"Wouldn't it be neat if cities across the world could take their own nonhazardous liquid waste to create fuel? 'Green' practices could occur on a daily basis, thereby saving the environment, reducing global warming impacts, and revolutionizing how operations run... This reality could happen [with MagneGas]."

Click here to read the full article, or copy and paste the following URL into a browser window: http://cirrusfc.com/mnga_welding_journal_080109.pdf.

A Serious Publication for Serious Readers

Welding Journal readers have a long-term commitment to welding and metalworking: the average Welding Journal reader has been employed at the same location for 12 years, and 39% have been in the industry for more than 15 years. On average, one individual spends 33 minutes reading an issue of Welding Journal. The average number of readers per copy is 3.2 (2.2 pass-along + 1.0 for the subscriber), comprising a total potential reading audience of more than 142,000. (Source: Welding Journal)

"MagneGas is aggressively pursuing the $680 million metal working market, and to already have received such attention from Welding Journal -- demonstrates that we are firmly on the right path," stated MagneGas President Richard Connelly. "This is certainly a stamp of credibility, and one that we believe could have a measurable impact on our commercial evolution into the entire metal working industry, including brazing, gas welding and all oxy-fuel processes."

About MagneGas Corporation

Founded in 2007, Tampa-based MagneGas Corporation is the producer of MagneGas™, a natural gas alternative and metal cutting 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. To learn more, visit www.magnegas.com.

Stocks in the news and acting well as of late include: Keryx Biopharmaceuticals Inc. (NASDAQ: KERX), SpongeTech Delivery Systems Inc. (OTCBB: SPNG) and Bank of America Corporation (NYSE: BAC).

Information contained herein is the opinion of Market-Pulse.com ("MP") and is intended to be used strictly for informational purposes. You should be aware that MP attempts to assure itself of the accuracy of the information contained in the analyses it publishes. In this regard, MP does, at times, rely on the accuracy of information supplied to it by the companies which are the subject of MP's analyses and/or parties related to those companies. MP also relies on the accuracy and integrity of information that is contained in company press releases and reports filed with the SEC. The companies mentioned in this publication have not approved the content or timing of the information being published unless otherwise noted.

MP, because it relies on information supplied by various third parties disclaims any responsibility for the accuracy of such information. Any investor considering making an investment in any security which has been the subject of a MP analysis or opinion should, before making any such investment, consult with his/her market professional and/or do his/her own independent research regarding the company which is the subject of an MP opinion, recommendation or analysis.

Information regarding companies which MP has opined upon is normally available from many sources including the subject company's filings with the SEC and various press releases issued by the company.

You should be aware that MP is often compensated for issuing analyses, recommendations or opinions concerning particular companies. Its opinion is therefore not unbiased and you should consider this factor when evaluating MP's statements regarding a company. MP has been compensated four thousand dollars from MagneGas Corporation. In addition, MP was also compensated four hundred thousand restricted shares of MagneGas Corporation by the company. MP's officers and directors reserve the right to buy additional shares of the companies discussed in this opinion and may profit in the event those shares rise in value. When MP receives shares as compensation for a profiled company, MP may sell part or all of any such shares during the period in which MP is performing such services. Market-Pulse.com and Market Pulse Breaking News Alert are owned by Market Pulse LLC.

Contact Information