MagneGas Receives Fuel Purchase Order from Leading Gas Company in Mexico

MagneGas Corporation MNGA, announced today that it has received a fuel purchase order (P.O.) from one of the largest gas companies in Mexico. The purchaser will test MagneGas2® in the Mexican market as a replacement to acetylene and if it receives favorable feedback from the test, they have indicated an interest in distributing and manufacturing MagneGas2® fuel for the Mexican market through a license agreement. The fuel for the test has already shipped and the test is expected to occur in the coming weeks. This purchase order signifies a new era in the Company's strategy for industrial gas sales.  This is the first time the Company has pursued a gas manufacturing license expansion project outside of the United States specifically targeting acetylene replacement. MagneGas management believes that a successful outcome of the test could lead to additional gas sales and significant equipment sales through a license agreement.   "The Company continues to execute on its strategy for industrial gas sales See full press release