MagneGas (MNGA) Enters MagneGas2 Distribution Pact with Industrial Gas Company
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MagneGas Corporation (Nasdaq: MNGA) a leading technology company that counts among its inventions a patented process that converts renewable and liquid waste into MagneGas2® fuel, announced today that it has signed a Distribution Agreement with Holston Gases of Tennessee. Holston will be distributing MagneGas2® for metal cutting as an alternative to acetylene.
Holston Gases is one of the largest independent distributors of industrial, propane, medical and beverage gases in the United States with 27 locations in 7 states. MagneGas and Holston partnered in a marketing effort aimed at demonstrating MagneGas2® in their local markets through four store locations. The response from customers was overwhelmingly positive, resulting in the execution of a distributor agreement. Holston has received several shipments of cylinders and will be making MagneGas2® available in all 27 locations.
"MagneGas personnel have been working with Holston for almost one year with multiple meetings and demonstrations completed as part of the Holston due diligence process. We identified Holston as a key potential distributor for the southeast and have been diligently pursuing the relationship ever since. We are honored that Holston, after significant due diligence, selected MagneGas2. They are one of the largest independent industrial gas distributors in the country and present a significant opportunity for MagneGas as we continue to execute on our strategy to grow our industrial gas segment through these kind of marquee relationships," stated Ermanno Santilli, CEO of MagneGas.
The MagneGas IR App is now available for free in Apple's App Store for the iPhone and iPad http://bit.ly/AfLYww and at Google Play http://bit.ly/Km2iyk for Android mobile devices.
To be added to the MagneGas investor email list, please email firstname.lastname@example.org with MNGA in the subject line.
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