TAMPA, Fla., Sept. 25, 2013 /PRNewswire/ -- MagneGas Corporation ("MagneGas" or the "Company") (NASDAQ: MNGA), the developer of a technology that converts liquid waste into a hydrogen-based fuel, announced today that Lake Welding Supplies, Inc. ("Lake Welding") from Belle Glade, Florida has signed as a distributor selling MagneGas™ fuel to the Southern region of Florida. Lake Welding will be sourcing the fuel from MagneGas headquarters in Florida for the entire Southern region.
"Joining forces with Lake Welding allows MagneGas to expand our reach covering a large region in the south," stated Bryan George, Senior Vice President Sales & Distributor Relations for MagneGas. "We are excited about the growth potential with this new relationship, and look forward to a steady increase in new customers in the region."
"This new partnership will help give us the advantage over our competitors by bringing a superior product to the area that only we can supply," stated David Rimes Sr., owner of Lake Welding. "Staying on the front line for new products to supply to our customers is a large priority for us, and with the benefits that MagneGas brings this is the perfect fit."
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About Lake Welding Supplies Inc.
Lake Welding Supplies, Inc. has been a family owned and operated business since 1969. Since its inception, customer service has been their focus. The ability to service customers with quality products at competitive prices has assisted them in becoming the premier supplier in Southeast Florida. Visit Lake Welding Supplies website www.lakeweldingsupplies.com.
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.
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