TAMPA, Fla., March 4, 2013 /PRNewswire/ -- MagneGas Corporation ("MagneGas" or the "Company") (NASDAQ: MNGA), the developer of a technology that converts liquid waste into a hydrogen-based metal working fuel and natural gas alternative, announced today that MagneGas cutting fuel is being used by the Dream Machines television program.
"Dream Machines is an innovative program that appeals to the tech savvy car lover. We've created the wildest vehicles for the likes of 50 cent, John Cena, Auto Traders.com and more. We want to showcase the most innovative and technologically advanced vehicles, tool and equipment available. MagneGas being a cleaner, greener and faster gas fits perfectly in our Television show and we have been impressed by its clean fast cuts," said Jeff Halverson, Managing Director of Dream Machines.
"Personally I watch the Dream Machines TV show and it's a 'dream' come true to have MagneGas Fuel used exclusively on their program. Their motto is 'Dream Big Build Bigger' and we at Cut-It Up are happy to help Dream Machines build bigger by distributing MagneGas for use on their program," commented Ian Medleau, Managing Partner of MagneGas Florida Distributor, Cut-It Up.
"In my opinion MagneGas is the most innovative and high performance gas on the market so of course being on the most innovative and high performance car show on TV is an excellent fit. The entire Dream Machines team is very impressed with our performance allowing them to save time and have better-looking fabrications for their TV Show," stated Scott Wainwright, President of MagneGas Corporation.
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About MagneGas Corporation
Founded in 2007, Tampa-based MagneGas Corporation (NASDAQ: MNGA) is the producer of MagneGas™, a natural gas alternative and metal working fuel that can be made from certain industrial, municipal, agricultural and military liquid wastes following the receipt of appropriate governmental permits.
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.
About Cut-It Up
Founded in 2011 Cut-It Up is a distributor of industrial gases such as MagneGas serving markets such as recycling and fabrication, ship building and repair, and many others. The motto at Cut-It Up is "Where one call gets it all". Cut-It Up has a focus on continued product training for our customers and offers an On Demand Delivery model.
About Dream Machines
Dream Machines is a television program that turns the wildest and most innovative automotive designs into reality. Using the most up to date methods and tools the Dream Machines show reaches over 3.5 million viewers around the world.
Please visit the Television Show's website at www.parkerbrothersconcepts.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 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