TAMPA, Florida, May 20, 2016 /PRNewswire/ --
Complete Welding and Cutting Supplies, Inc. is First International Industrial Gas Company to Distribute MagneGas2®
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® fuels, announced today that Complete Welding and Cutting Supplies, Inc. with multiple locations in California and Mexico will be distributing MagneGas2® and has taken its first order of fuel. As a result of this distributor, and others already in place in other areas, MagneGas2® fuel is now available in most major California metropolitan areas.
"We are excited to welcome our first international gas supplier for MagneGas2. We recently visited their locations in Mexico and were pleased to hear the positive feedback received from local customers. Mexico has grown to be a major manufacturing hub for heavy industry. These types of customers use large amounts of acetylene fuel and we are pleased to offer an alternative that is renewable, cuts faster and has many favorable attributes," stated Ermanno Santilli, CEO of MagneGas Corporation.
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About Complete Welding and Cutting Supplies, Inc.
Complete Welding Supplies was founded by Guillermo Gallardo in 1996, with 22 years of experience in the industrial gas & welding industry. We are currently serving more than 15,000 satisfied clients that help us grow year after year. We know our growth has a lot to do with us having the support of a strong technical and professional team with over 80 years of combined experience between staff and sales personnel, knowledgeable in gases and welding products. We have 6 stores in the USA strategically placed to better serve the public they are located in. You will find our stores throughout San Diego County, Orange County, Ventura County, and 3 stores in Los Angeles County.
In 2008, Complete Welding Supplies became an international company, importing and exporting gases to Mexico and opening a fill plant and 6 more stores. We are working on expanding our business in the welding and specialty gases industry by developing a state of the art laboratory that will be completed at the end of 2014. We now have a fleet of cryogenic transportation including Oxygen, Nitrogen, Argon, CO2, and Helium tube trailers. This gives us the opportunity to service a wide range of industries and customer needs by having the capability to deliver bulk product and gives us an advantage over our independent competitors and a playing field with our corporate competitors.
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 MagneGas® into the metal working market as a replacement to acetylene.
The MagneGas fuel production systems can be set-up locally using various types of feedstock. The Company believes this flexibility can give them an advantage in the Government/Military marketplace as fuels can be manufactured on site from raw materials found locally worldwide and eliminates the time and expense of shipping to the specific military theater. The Company is planning to establish joint ventures with third parties to construct these supply facilities worldwide.
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 email@example.com
SOURCE MagneGas Corporation