MagneGas Signs Mike Alstott to Create Product Awareness
TAMPA, Fla., June 11, 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 it has signed Mike Alstott to increase product awareness and promote sales of MagneGas(TM) across the U.S.
Mr. Alstott, who played his entire 12 year NFL career with the Tampa Bay Buccaneers, is well known throughout Florida for, not only his work on the football field, but also as a community servant. Since the conclusion of his NFL career, Mr. Alstott has helped raise awareness for various charitable organizations through the Mike Alstott Family Foundation.
Mr. Alstott commented, “MagneGas Corporation offers me the opportunity to play a key role in helping to further create awareness for a next generation, environmentally friendly company that is expanding its footprint throughout the metal working industry. It is my belief that MagneGas(TM) is the future in the metal cutting industry as it is a faster and cleaner fuel that is cost effective for our customers. I am confident in the Company’s growth prospects for the future and I look forward to being an integral part of the growth process.”
“Over the past year, we have made significant strides in growing our business as well as improving the overall quality of our leadership team,” commented Scott Wainwright, President of MagneGas. “Having seen the work Mike has done through his foundation and his successful business endeavors, I am confident he will have an immediate and positive impact on our Company. We look forward to working with Mike and are happy he is part of the MagneGas team.”
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About MagneGas Corporation
Founded in 2007, Tampa-based MagneGas Corporation (OTC BB: MNGA) is the producer of MagneGas(TM) , 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((TM) )process gasifies liquid waste, creating a clean burning hydrogen based fuel that is essentially interchangeable with natural gas, but with lower green house gas emissions. MagneGas((TM) ) 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