Replies to post #336490 on ORIONS Money Stocks

[$oldier Hard]

MNGA, yeah here is the news Ng.
MagneGas Projects 2015 Revenue at $2.1 Million for ESSI Acquisition, Sales Up 14%
8:00a ET January 9, 2015 (PR NewsWire) Print

MagneGas Corporation ("MagneGas" or the "Company") (NASDAQ: MNGA), a technology company that counts among its inventions a patented process that converts liquid waste into a hydrogen-based fuel, announced today that it has set the 2015 projected gross revenue estimates for its wholly owned subsidiary Equipment Sales and Services, Inc. ("ESSI") at $2.1 million. In addition, preliminary gross revenue estimates from November 2014 through December of 2014 are $371,147, which indicates a 14.2% increase over the same period in 2013.

MagneGas purchased ESSI on October 27, 2014. Unaudited gross revenue was $371,147 in November and December of 2014 versus $324,930 for the same period 2013. The Company believes revenue is up due to a combination of aggressive marketing, the integration of MagneGas fuel sales into the ESSI operation and the Company's being more responsive to customers than the competition. The Company owns 100% of the outstanding ESSI company stock, therefore all revenue will be recognized by MagneGas Corporation. The Company conservatively estimates 2015 revenue from the ESSI operation, excluding other MagneGas sales activities, to be $2.1 million for 2015.

"We are pleased to announce the successful integration of the ESSI acquisition into the MagneGas family. We believe a 14% increase in sales year over year is significant for the industrial gas industry and we are confident that trend will continue into 2015. This purchase is providing a springboard to sell MagneGas(R) 2 to a wider audience of customers around the Tampa Bay area, while allowing the Company to establish a recurring revenue base," stated Ermanno Santilli, CEO of MagneGas Corporation. "The purchase of ESSI has successfully provided us with expertise, assets, and a physical presence to focus our sales efforts in the greater Tampa Bay area and customer response has been positive."

The MagneGas IR App is now available for free in Apple's App Store for the iPhone or iPad http://bit.ly/AfLYww and at Google Play http://bit.ly/Km2iyk for Android mobile devices.

To be added to the MagneGas investor email list, please email [e-mail] with MNGA in the subject line.

[SEMSERUS]

Wanna be AGREE with YOU ...
But the stock Price Show something different ... :(

[AugustaFriends]

$MNGA news.. down.. starting to smell more and more as a scam.. if the .40 doesn't hold it could drop fast.. Debating if to exit today for a $4,000 loss..