MagneGas Announces the Formation of MagneGas Welding Supply, LLC Wholly-owned Subsidiary to Hold E.S.S.I. and Future Industrial Gas & Welding Supply Acquisitions "Over the past 90 days, the Company has embarked on an aggressive strategy to contain costs through the reduction of non-essential employees and consultants, along with the realignment of certain personnel in sales related positions," stated Scott Mahoney, C.F.O. of MagneGas Corporation. "It has been a top priority to develop a clear path to self-sustained organic growth in 2017. We now have a clear plan for near term execution." http://www.marketwatch.com/(S(rnrsydaynixa5x55oiibxm45))/story/magnegas-announces-the-formation-of-magnegas-welding-supply-llc-2017-04-18