TAMPA, Fla., May 14, 2014 /PRNewswire/ -- MagneGas Corporation ("MagneGas" or the "Company") (NASDAQ: MNGA), a technology company that counts among its inventions a patented process that converts liquid waste into a hydrogen-based fuel, announced today that it will be demonstrating its cutting fuel at AWISCO's annual trade show on May 21, 2014 in Maspeth, NY where approximately 250 visitors are expected to attend. AWISCO Corporation is the MagneGas® distributor for New York, New Jersey and Connecticut and will be showcasing the fuel as an alternative to acetylene.
"The Northeast trade show has great potential for MagneGas, as well as our partner AWISCO, where we will be demonstrating MagneGas to a large demographic in one setting," stated Terry Vernille, Executive Vice President of Sales for MagneGas. "We anticipate great things from the show and even bigger opportunities to arise in the Northeast with AWISCO once our presence is better known."
"We are excited to really show the benefits and attributes of MagneGas," stated Victor Fuhrman, Vice President of Sales and Marketing at AWISCO. "This demonstration will highlight that there is a true alternative to acetylene available and that we are the exclusive distributor in the Northeast. Representatives will also be here to help field questions and demonstrate MagneGas for all who are interested in making the change, which helps add value not only to MagneGas but to AWISCO as well."
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About AWISCO Serving the New York Metropolitan area since 1979, AWISCO Corp. is a leading distributor of compressed gases, welding, safety and industrial supplies. AWISCO has 7 locations in New York, Connecticut and New Jersey.
About MagneGas Corporation Founded in 2007, Tampa-based MagneGas Corporation (NASDAQ: MNGA) is a technology Company that counts among its inventions, a patented process that converts liquid waste into hydrogen based fuels. The Company currently sells MagneGas® into the metal working market as a replacement to acetylene. It is also selling 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 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