MagneGas Gains On New Fuel Purchase Order

Shares of MagneGas Corporation

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(NASDAQ: MNGA) were trading higher by around 5 percent on Tuesday after the company announced it has received a fuel purchase order from "one of the largest gas companies in Mexico."MagneGas added that the potential client will test its products in the Mexican market as a replacement to acetylene. The testing may lead to an interest in distributing and manufacturing MagneGas' fuel for the Mexican market."The Company continues to execute on its strategy for industrial gas sales expansion. This Company in Mexico is highly respected in the industry and is one of the largest in the Country. An agreement to expand into Mexico could significantly impact our industrial gas market footprint and sales opportunities," stated Ermanno Santilli, CEO of MagneGas Corporation.