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Stock Market & Financial Investment News

News Breaks
December 19, 2012
09:42 EDTMNGAMagnegas signs $1M fuel pre-purchase agreement
MagneGas announced that Sustainable Green, a Seattle-based distributor of industrial gas, has agreed to pre-purchase $1M worth of MagneGas fuel over a two year period. MagneGas Corporation will install and operate a gasification unit in Seattle and Sustainable Green will become the exclusive distributor of MagneGas fuel in Washington and Oregon for two years and beyond, subject to continued forward purchases. In addition, Sustainable Green will be permitted to sell the MagneGas fuel in any other territories where there is no exclusive distributor.
News For MNGA From The Last 14 Days
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July 29, 2015
09:13 EDTMNGAOn The Fly: Pre-market Movers
UP AFTER EARNINGS: Buffalo Wild Wings (BWLD), up 11.4%... Panera Bread (PNRA), up 5.9%... Sonus Networks (SONS), up 7.2%... Gilead Sciences (GILD), up 3.6%... U.S. Steel (X), up 3.3%... Synchronoss (SNCR), up 2.8%. ALSO HIGHER: Cytec Industries (CYT), up 26.7% after being acquired by Solvay (SVYZY)... MagneGas (MNGA), up 7.8% after receiving multiple orders... AK Steel (AKS), up 5.2% after being upgraded to Outperform from Neutral at Macquarie. DOWN AFTER EARNINGS: Yelp (YELP), down 23.6%... VASCO Data Security (VDSI), down 13.3%... Tableau Software (DATA), down 16%... Twitter (TWTR), down 11.4%... Akamai Technologies (AKAM), down 7.9%.
08:18 EDTMNGAMagneGas receives multiple orders from major waste to energy company
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July 24, 2015
09:18 EDTMNGAMagneGas receives $550K gasification equipment order, forms joint venture
MagneGas has signed a Memorandum of Understanding with Green Gas Supply to expand into Louisiana and Texas with a $550K Plasma-Arc Gasification system sale that includes future royalty payments, profit sharing rights and an initial 300 cylinder gas order to seed the territory. Under the terms of the MOU, a new joint venture company will be established in Louisiana to own and operate MagneGas gasification systems to produce and sell MagneGas2 into the metal cutting market. MagneGas will own 50% of NewCo and will receive minimum royalty payments of 5% of gross revenue plus equal profit sharing rights. As part of the MOU, Green Gas has paid a deposit and definitive agreements with full payment are expected to be signed within 90 days.

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