MagneGas Corporation (OTCBB: MNGA) Opens Australian Market with 1st Fuel Sale

MagneGas Corporation (OTCBB: MNGA) Opens Australian Market with 1st Fuel Sale

MagneGas Corporation is a producer of MagneGasTM, a metal working fuel and natural gas alternative made from liquid waste. MagneGastn can be used for metal cutting, cooking, heating, or powering bio fuel automobiles. In 2009, the company engaged MagneGas Australasia as its exclusive distributor for the region of Australia. MagneGas has spent the months since, developing its infrastructure and identifying potential customers to ensure efficient market rollout.

The company intends to gain an immediate foothold in coal mines, where workers currently employ noxious gases to cut and weld in confined spaces. After, it will pursue the shipbuilding industry, where workers are subjected to similar conditions and health risks. MagneGas Australasia will source product from MagneGas in the near term. Longer term, it has expressed interest in purchasing equipment from the company and producing fuel locally.

Today, the company announced that it has officially opened their Australia market through the first fuel purchase by MagneGas Australasia Pty, Ltd ("MagneGas Australasia"). It marks the company's second international fuel sale, the first of which occurred in Dubai. This initial fuel sale also highlights the continued refinement of MagneGas' order fulfillment process. The shipment will include first time Cylinder Cradles, a manifold cylinder system on wheels that makes the transporting of MagneGastm cylinders safer and easier for high volume usage. It reduces cylinder change-over and increases profitability in the field. Additionally, the company is including a Gas Apparatus Kit, which enables the purchaser to immediately demonstrate the fuel's performance and expedite market entry. The kit includes regulators, cutting tips, check valves, additional cylinder valves, and more.

"With our second international fuel sale, we have established a commercial presence -- through established distributor relationships -- in two prime markets in just three months," stated MagneGas President Richard Connelly. "We are starting to realize the anticipated conversion of agreements to action plans. With each such conversion we create the opportunity to grow through two distinct business lines: organically through recurring fuel sales, and in potentially accelerated fashion through big ticket equipment sales."

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