January 20, 2017 - 9:30 AM EST
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NetworkNewsBreaks – MagneGas Corporation (NASDAQ: MNGA) Creates New Revenue Streams in Florida’s Leisure Markets with Commercial Sale of CO2

MagneGas (NASDAQ: MNGA) is a technology company engaged in the renewable resources and environmental solutions industries. The company is known primarily for its patented process that converts various renewables and liquid wastes into MagneGas fuels for use as an alternative to natural gas or for metal cutting. MagneGas recently announced the expansion of its product offering to include the commercial sale of carbon dioxide (CO2), which is primarily used in the food, oil and chemical industries. Recognizing CO2 as a complimentary product offering to its current industrial gas segment and retail infrastructure, the company anticipates that the sale of CO2 will attract new customers and lead to other revenue opportunities and organic growth in Florida. MagneGas plans to initially sell CO2 in the restaurant, travel and leisure markets.

To learn more, visit www.Magnegas.com

About MagneGas Corporation

MagneGas® Corporation 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.

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Source: NetworkNewsWire (January 20, 2017 - 9:30 AM EST)

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