TAMPA, Florida, April 28, 2017 /PRNewswire/ --
MagneGas Corporation ("MagneGas" or the "Company") (MNGA) a leading clean technology company in the renewable resources and environmental solutions industries, announced today that it plans to showcase MagneGas2® at two different Distributor trade shows in May. Holston Gases of Tennessee and AWISCO of New York have been existing distributors of MagneGas2® and have invited the Company to present the attributes of its metal cutting fuel at their customer trade shows.
AWISCO has been distributing MagneGas2® since 2015 and Holston has been distributing MagneGas2® since 2016. Both Companies have invited MagneGas to its annual customer trade shows to showcase its metal cutting fuel. The AWISCO event will be held May 24 at their Maspbeth, New York location and the Holston event will be held May 16 at their Cookeville, Tennessee location. The Company plans to have a "hot zone" with live hands-on demonstrations to highlight the MagneGas2® superior attributes for metal cutting.
"We are honored to be invited guests to present at these two important distributor events. Their continued confidence in our metal cutting fuel and customer service is shown by their repeated invitations to present at important customer locations or trade shows. Holston has locations in 7 states and AWISCO has locations in 3 states. Between these two distributors, we have the opportunity to expand organically through the east coast of the United States. We continue to execute on our plan to expand rapidly, through organic growth and we expect these events will be successful at adding new customers. MagneGas2 has shown time and again that its unique attributes consistently impress new distributors and their customers," stated Ermanno Santilli, CEO of MagneGas Corporation.
About Holston Gases
Holston Gases is one of the largest independent suppliers of industrial, medical, propane, and beverage gases in the United States. Headquartered in Knoxville, Holston has grown to 27 locations in 7 states: Tennessee, Kentucky, Alabama, Virginia, Georgia, South Carolina, and North Carolina, and serving customers in Georgia, South Carolina, Virginia, Ohio, and Indiana.
We carry all welding and industrial gases, medical, specialty and laboratory gases, beverage CO2, and propane gas. We are equipped to handle compressed cylinders, bulk facilities, and liquid requirements.
We are a full line welding supply company, and we also carry safety and industrial supplies. We represent the finest lines in the industry, and we can provide them to you at competitive prices. We are financially strong and carry the inventory you expect and deserve from a top notch supplier.
We are staffed and equipped to be responsive to your needs, day and night, whenever you require. Our people are dedicated, well trained, and courteous, and our equipment is top of the line, well maintained, with safety as a top priority. We are ready and able to be a valuable partner for your business success.
AWISCO has been New York's leading welding and industrial supplier for more than 65 years. With welding supply stores throughout New York, New Jersey and Connecticut, AWISCO is a leading distributor of industrial gas, specialty gas, safety equipment, and welding supplies. According to President Lloyd Robinson, "AWISCO has a strong focus on providing our customers the products they need, when they need them, at a competitive price and with exceptional customer service. We also maintain a highly motivated and well- trained team of professionals who understand the importance of customer loyalty and work hard to earn it every day." For more information on AWISCO, please visit http://www.awisco.com.
About MagneGas Corporation
MagneGas® Corporation (MNGA) owns a patented process that converts various renewables and liquid wastes into MagneGas fuels. These fuels can be used as an alternative to natural gas or for metal cutting. The Company's testing has shown that its metal cutting fuel "MagneGas2®" is faster, cleaner and more productive than other alternatives on the market. It is also cost effective and safe to use with little changeover costs. The Company currently sells MagneGas2® into the metal working market as a replacement to acetylene.
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.
The Company distributes MagneGas2® through Independent Distributors in the U.S and through its wholly owned distributor, ESSI (Equipment Sales and Services, Inc). ESSI has four locations in Florida and distributes MagneGas2®, industrial gases and welding supplies. For more information on ESSI, please visit the company's website at http://www.weldingsupplytampa.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.
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SOURCE MagneGas Corporation