TAMPA, Fla., Feb. 26, 2014 /PRNewswire/ -- MagneGas Corporation ("MagneGas" or the "Company") (NASDAQ: MNGA), the developer of a technology that converts liquid waste into hydrogen-based fuels announced today that it has hired Terry Vernille to lead its Industrial Gas sales division. Terry has over 30 years of experience with industrial gas, previously having worked for Air Liquide, Praxair and Matheson Gas. He held various sales leadership and welding engineering positions throughout his career and has a Bachelor of Science in Mechanical Engineering from Pennsylvania State University.
In his new role, Terry will be responsible for growing industrial gas sales through retail and regional gas distribution. The Company will now be a full service supplier of gas and welding services in the west Florida area. In addition, as a Certified Welding Engineer, Terry will allow the Company to offer a complete package of services to customers, including welding consultation and engineering certification.
"MagneGas is a tremendous product that speeds production and reduces costs in the metal cutting market. I joined this Company because I truly see this fuel as the future staple of the industry. In addition, it is a fantastic feeling to be able to offer customers value added consultation services, it really brings us to a higher level of collaboration and trust. I am very excited to join such a progressive Company that I believe has such a bright future," commented Terry Vernille, Senior Vice President of Industrial Gas Sales.
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The Company's patented Plasma Arc Flow process gasifies liquid waste, creating a clean burning hydrogen based fuel that is essentially interchangeable with natural gas. MagneGas can be used for metal working, cooking, heating, powering bi fuel automobiles and more. For more information on MagneGas, please visit the Company's website at www.MagneGas.com.
FORWARD-LOOKING STATEMENTS 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 new ethylene glycol to produce fuel until proper permits to process used liquid waste have been obtained.
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.
SOURCE MagneGas Corporation