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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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August 19, 2014
08:26 EDTMNGAMagneGas to purchase gas distribution company
MagneGas announced that it has signed a Letter of Intent to purchase an established industrial gas distribution company with estimated 2014 gross revenues of approximately $2M. It also separately signed an agreement to purchase an industrial building nearby for expansion and relocation of its headquarters. MagneGas has signed a non-binding Letter of Intent to purchase a well-established local industrial gas distributor in Florida providing a platform to grow sales of MagneGas while offering a wider range of services to industrial gas customers.

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