ATLANTA, GA -- (Marketwire) -- 08/25/09 -- Market Pulse News Alert for this AM, Stocks to Watch are: MagneGas Corporation (OTCBB: MNGA), BioCryst Pharmaceuticals Inc. (NASDAQ: BCRX), Power 3 Medical Products Inc. (OTCBB: PWRM) and Fannie Mae (NYSE: FNM).
MagneGas Corporation (OTCBB: MNGA) is the producer of MagneGas(TM), a natural gas alternative and metal cutting fuel made from liquid waste such as sewage, sludge, manure and certain industrial and oil based liquid wastes. The company's patented technology Plasma Arc Flow(TM) process gasifies liquid waste, creating a clean burning fuel that is essentially interchangeable with natural gas, but with lower green house gas emissions. MagneGas(TM) can be used for metal cutting, cooking, heating or powering bi-fuel automobiles. The metal cutting market provides immediate sales opportunities. The technology is based in flowing the liquid waste through a submerged electric arc between coal electrodes. The arc decomposes the liquid molecules into atoms and forms a plasma around the tips of the electrodes at about 10,000° F to create MagneGas and other useful byproducts. Preliminary analysis has shown that the power generated from Wind Turbines has the ability to create a fuel through the Plasma Arc Flow refinery. MagneGas Corporation is currently seeking to form partnerships with existing Wind power companies to further explore the synergies of the two processes. MagneGas Corporation also recently announced that it had received a request from the city of Dunedin, Florida to conduct on site plant scale testing to convert municipal bio-solids into fuel. A preliminary test converted city sludge to MagneGas(TM) fuel. As a result, the city has requested plant scale testing which will provide the template for a national roll-out upon completion. MagneGas Corporation has taken an important commercial step forward with the signing of its first manufacturer's rep agreement. The agreement with Pennsylvania-based George KELSO Company, LLC immediately opens an equipment sales channel to much of the Mid-Atlantic Region, including southern New Jersey, eastern Pennsylvania, Maryland, Delaware, Washington D.C. and its five surrounding counties. KELSO Company's first goal is to locate grant funding to establish a MagneGas demonstration center in their territory converting Sewage or Sludge to MagneGas. MagneGas Corporation consists of Nobel Prize-nominated scientific leadership that is coupled with decades of industrial/specialty gas distribution expertise. MagneGas Corporation is poised to become a significant player in the $680 million metal cutting market! MNGA just had excellent news out in a press release before today's opening bell announcing that it now has the infrastructure in place to support existing and future partner sales efforts in Florida with the appointment of its first internal manufacturer's rep! Investors should be watching this one closely!
MagneGas Corporation (OTCBB: MNGA), a producer of a metal working fuel and natural gas alternative made from liquid waste, announced today that it now has the infrastructure in place to support existing and future partner sales efforts in Florida with the appointment of its first internal manufacturer's rep.
On June 16th, MagneGas announced that it had entered into a fuel distribution agreement with Florida-based Crumpton Welding Supply ("Crumpton"). On that date MagneGas President Richard Connelly stated that "MagneGas will partner with Crumpton's inside sales team to personally demonstrate the value of our product to each customer." The appointment of Michael Cokas as the Company's first manufacturer's rep is a move consistent with that plan, and one that demonstrates the Company's commitment to quickly addressing the $680 MM metal working market(1).
Mr. Cokas' will work as an independent contractor and his primary purpose will be to drive sales through joint sales calls with the Crumpton inside and outside sales teams. In addition, he will support sales efforts throughout the state of Florida, leading sales calls, product consultations and new user training to promote MagneGas(TM) outside the Tampa area.
"We are excited to add Michael Cokas to the MagneGas team, and we feel that this is yet another demonstration of our ability to execute on our strategic to-market plan," stated MagneGas President Richard Connelly. "Mike is a seasoned industry professional, with 12 years of welding experience, a business degree and strong field sales track record. With his addition we can make our partner suppliers all the more effective, and continue to build MagneGas(TM) brand recognition in the Florida metal working market. Moreover, the experience we gain in this local effort will serve as the blueprint for our subsequent regional and national rollout."
(1) Source: Company estimate
About MagneGas Corporation
Founded in 2007, Tampa-based MagneGas Corporation is the producer of MagneGas(TM), a natural gas alternative and metal cutting fuel made from liquid waste such as sewage, sludge, manure and certain industrial and oil based liquid wastes. The company's patented Plasma Arc Flow(TM) process gasifies liquid waste, creating a clean burning fuel that is essentially interchangeable with natural gas, but with lower green house gas emissions. MagneGas(TM) can be used for metal cutting, cooking, heating or powering bi fuel automobiles. To learn more, visit www.magnegas.com.
Stocks in the news and acting well as of late include: BioCryst Pharmaceuticals Inc. (NASDAQ: BCRX), Power 3 Medical Products Inc. (OTCBB: PWRM) and Fannie Mae (NYSE: FNM).
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