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Re: stock_observer_77 post# 307948

Thursday, 04/03/2014 8:15:14 AM

Thursday, April 03, 2014 8:15:14 AM

Post# of 647879
MNGA great news - TAMPA, Fla., April 3, 2014 /PRNewswire/ -- MagneGas Corporation ("MagneGas" or the "Company") (MNGA), a technology company that counts among its inventions a proprietary system that converts liquid waste into a hydrogen-based fuel, announced today that Sidney Lee Welding Supply, Inc ("Sidney Lee") of Hampton Georgia has signed on to distribute MagneGas™ fuel throughout the state. MagneGas plans to ship the fuel from its headquarters in Florida.

"There has been demand for MagneGas fuel from fabrication facilities to scrap yards throughout the state of Georgia," stated Terry Vernille, Executive Vice President of Gas Sales for MagneGas. "We took our time to locate the perfect distributor. With four facilities geographically located to service all of the large industrial areas of Georgia, and plans to grow in the near future while maintaining customer service, we feel Sidney Lee is the right partner for us."

"Having MagneGas to distribute to current and potential customers will give us an advantage over other gas distributors helping us in our future growth," stated Steve Lee, Vice President of Sidney Lee. "We were recommended to take on the product by another Distributor that we have worked with for years. After seeing it for ourselves, we knew this would give us an advantage. Acetylene prices continue to rise and this is a great product replacement."

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