$MNGA News - MagneGas Subsidiary Lands Largest Single Customer in Company History

MagneGas Subsidiary E.S.S.I. Closes Major Sale with Over $400,000 in Annual Recurring Revenue Expected from Single Customer - TAMPA, Florida, - (http://www.financialnewsmedia.com News Alert) - MagneGas Corporation (\"MagneGas\" or the \"Company\") (NASDAQ: MNGA) a leading technology company that counts among its inventions a patented process that converts liquid waste into MagneGas2(R) fuel, announced today that its wholly owned gas distribution subsidiary Equipment Sales and Services, Inc. (\"E.S.S.I\") has received confirmation that a major industrial company is moving all of their welding gas and related product orders to E.S.S.I. The Company estimates that their annual sales from this one customer will exceed $400,000.



E.S.S.I. distributes MagneGas(R) fuel, industrial gases and related products and was acquired by MagneGas Corporation as a wholly owned subsidiary in late 2014. They have been pursuing this new customer for over 12 months through various demonstrations and executive meetings. The new customer has indicated they will be purchasing all of their industrial gases and welding products throughout the year from E.S.S.I and their initial orders have been placed and delivered. This customer previously ordered their gases and welding products from an international multi-billion dollar MagneGas competitor. The customer stated that they are switching to E.S.S.I. due to the superior customer service and exclusive access to MagneGas2(R) fuel.



\"This is a significant win for our Company. We believe it proves the model that MagneGas2 can be used as a major door opener to these previously unavailable large customers. In addition, we have been hearing time and again that poor customer service from our competitors, combined with our exclusive MagneGas2 product offering is closing sales. We look forward to continue to pursue our sales strategy through our national expansion plans,\" commented Ermanno Santilli, CEO, MagneGas Corporation.



The MagneGas IR App is now available for free in Apple\'s App Store for the iPhone or iPad http://bit.ly/AfLYww and at Google Play http://bit.ly/Km2iyk for Android mobile devices.



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