One of Largest Family Owned Wineries in the World Selects MagneGas2® for Major Demolition Project

TAMPA, Fla., Feb. 26, 2015 /PRNewswire/ -- MagneGas Corporation ("MagneGas" or the "Company") (NASDAQ: MNGA), a leading technology company that counts among its inventions a patented process that converts liquid waste into a hydrogen-based fuel, announced today that Two Rivers Demolition, Inc. of California selected MagneGas2 ® as the fuel of choice for a large demolition project involving furnaces located at a major winery in California.  This project is the largest single order of MagneGas® fuel in the history of the Company with a minimum of 1,300 cylinders required to complete the demolition.  MagneGas distributor, TriCo Welding Supplies Inc. will be providing oxygen and hard goods for the project and will be sourcing the fuel through MagneGas partner Placer Power, Inc., both of California.

"TriCo Welding Supplies Inc. is excited to have the opportunity to be the exclusive distributor of MagneGas® in the Greater Sacramento area," stated Joe Knieriem, one of the owners of TriCo Welding Supplies Inc. "MagneGas2® was selected for the project due to the speed of the cut and expected increased productivity.  We believe being able to exclusively offer a superior product like MagneGas2® will significantly gain us more market share and retain current customers."

"We have been in the demolition business since 1996 and have never seen a fuel that cuts as quickly as MagneGas2®.  The fact that it is made in the U.S.A. from a renewable waste source adds to the benefits of this product.  Our whole team is looking forward to the productivity increase that we expect to see as a result," stated Tony GraunStadt, Vice President of Industrial Plant Services at Two Rivers Demolition.

"Placer Power is excited to be a MagneGas partner and distributor for the California, Nevada and Oregon region of the country.  The response that we have received to the product has been overwhelming positive and we look forward to many more projects in the future," stated Chris Dupont, President of Placer Power.

About Two Rivers Demolition, Inc.
Established in 1996, Two Rivers Demolition grew rapidly making a list of the 100 Largest Demolition Companies in the world in just its seventh year in business. They provide a full array of Pre-Construction services including commercial and industrial demolition, asbestos abatement, soil remediation, general engineering, recycling, and asset recovery services throughout the Western United States.

About TriCo Welding, Inc.
TriCo Welding, Inc.is a fully service welding and gas supply Company based in California. The owners of Trico are Leroy Paulucci, Robert (Bob) Baker and Joseph (Joe) Knieriem. They have over 86 years of combined experience in the welding supply industry. The Trico partnership has been serving customers in the greater Sacramento, Yuba City and Yolo County area for over 16 years.

About Placer Power, Inc.
Placer Power is a partner of MagneGas as their supplier to the California, Nevada, and Southern Oregon metal cutting and welding industry.  Their goal is to be a product resource for distributors, and an information and training resource for metal cutting and welding companies.  

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.

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FORWARD-LOOKING STATEMENTS

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.

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

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