TAMPA, Fla., June 21, 2012 /PRNewswire/ -- MagneGas Corporation ("MagneGas" or the "Company") (OTCBB: MNGA), the developer of a technology that converts liquid waste into a hydrogen-based metal working fuel and natural gas alternative, announced today that the Company has received the endorsement of the Ironworkers Local 808 Union.
"Construction projects throughout the United States are getting more competitive, with customers focusing increasingly on cost and environmental impact," said Benjamin Schmitz, President and Training Director of Ironworkers Local Union 808. "Having access to a fuel such as MagneGas™ provides ironworkers an edge by giving them an environmentally friendly product that is cheaper, safer and more effective than the competition."
Ironworkers Local 808 (www.ironworkers808.com) has been representing the interests of Ironworkers for over 100 years and manages an apprenticeship and training programs, many of which are focused on health and safety.
"We were excited to demonstrate the metal working properties of our fuel to over 200 members of the Ironworkers Local 808," commented Spyro Vassiliou, Florida Sales Manager for MagneGas. "It is immediately apparent to first time viewers that MagneGas™ is a safer, cleaner and more effective fuel than what is currently being used in the metal cutting industry."
"We are delighted to have the Ironworkers Local 808's endorsement as it reflects what we have heard from ironworkers throughout the country who have seen MagneGas™ in action and have been impressed with how quickly and cleanly our product cuts," stated Scott Wainwright, President of MagneGas. "MagneGas™ is hydrogen based and therefore has many advantages over legacy cutting fuels including reduced secondary smoke and a cleaner combustion providing a safer and cleaner environment for America's Ironworkers."
To be added to the MagneGas investor email list, please email [email protected] with MNGA in the subject line.
The MagneGas iPhone App is now available for free at the Apple App store on the iPhone or at http://bit.ly/AfLYww.
About MagneGas Corporation
Founded in 2007, Tampa-based MagneGas Corporation (OTC BB: 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 antifreeze, vegetable oil and 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