TAMPA, Florida, May 26, 2016 /PRNewswire/ --
MagneGas® Corporation ("MagneGas®" or the "Company") (NASDAQ: MNGA) a leading technology company that counts among its inventions a patented process that converts renewable and liquid waste into MagneGas2® fuel, announced today that it expects record turnout at its new headquarters for its June 15th Customer Open House. The annual event is now in its third year and has attracted larger audiences every year since its inception. This year the event will take place against a backdrop of the company's new corporate headquarters where it has capacity for expanded production and a more centralized location to heavy industry.
"Our customers are our lifeblood so in addition to showing them our increased production capabilities at our new headquarters and manufacturing facility, we want to say thank you as well for their loyalty," stated CEO Ermanno Santilli. "In 2015 we saw increased distribution and customers in major hubs in the east and growing opportunities across the nation and are excited to better integrate these new customers into our broader customer network."
The Customer Appreciation Day will be held on June 15, 2016 at 10am. To RSVP email firstname.lastname@example.org and all details will be provided.
To be added to the MagneGas investor email list, please email email@example.com with MNGA in the subject line.
About MagneGas Corporation
MagneGas® Corporation (NASDAQ: MNGA). The Company owns a patented process that converts various liquid wastes into hydrogen based fuels. These fuels can be used as a replacement to natural gas or for metal cutting. The Company's testing has shown the fuels are, faster, cleaner and more productive than other alternatives on the market. They are also cost effective and safe to use with little changeover costs. The Company currently sells MagneGas2® into the metal working market as a replacement to acetylene.
The MagneGas2® fuel production systems can be set-up locally using various types of feedstock. The Company believes this flexibility can give them an advantage as fuels can be manufactured on site from raw materials found locally which eliminates the time and expense of transportation.
The Company also sells equipment for the sterilization of bio-contaminated liquid waste for various industrial and agricultural markets. In addition, the Company is developing a variety of ancillary uses for MagneGas® fuels utilizing its high flame temperature for co-combustion of hydrocarbon fuels and other advanced applications. For more information on MagneGas®, please visit the Company's website at http://www.MagneGas.com.
This press release contains forward-looking statements as defined within Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. These statements relate to future events, including our ability to raise capital, 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 Company is currently using virgin vegetable oil to produce fuel while it configures its systems to properly process waste within local regulatory requirements.
For a discussion of these risks and uncertainties, please see our filings with the Securities and Exchange Commission. Our public filings with the SEC are available from commercial document retrieval services and at the website maintained by the SEC at http://www.sec.gov.
Investor Contacts: KCSA Strategic Communications Philip Carlson +1-212-896-1233 firstname.lastname@example.org
SOURCE MagneGas Corporation