Penny Stock News: MagneGas Continues Momentum With Second Strategic Fuel Partner – SYS



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TAMPA, FL — (Marketwire) — 04/27/11 — MagneGas Corporation (OTCBB: MNGA), the producer of a technology that converts liquid waste into a hydrogen-based metal working fuel and natural gas alternative, announced today that it has begun selling MagneGas™fuel to Alabama-based J M Cylinder Gases (“J M”).


J M is one of the largest independently owned manufacturers of acetylene in the southeastern U.S. and has an established sales platform with eight distributors and their 22 total stores across Alabama and Tennessee. J M also operates retail stores of its own. J M has taken receipt of its first fuel shipment from the Company and has begun converting acetylene users to MagneGas.


As with previously announced Blue Water Industrial Products, J M’s goal is to eventually make MagneGas™a leading component of its fuel product offering. MagneGas has granted J M the master distributor territory rights for the state of Alabama and the 250-mile radius around its Decatur, AL facility.


Penny Stocks are stocks traded for under $2 and they represent the small cap companies. They trade on the OTCBB so you will not find them on the major stock exchanges. They are very cheap stocks and normally come for businesses needing capital. They are a very risky investment as the business can go under and leave you with a stock worth nothing. However that being said penny stock trading can be a great money maker, and there are numerous traders who make 6 figures and more from them each year.


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