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Stockreport

MagneGas Generates Record Industrial Gas Sales of $1.0 million for the Fourth Quarter of 2017

MAGNEGAS (MNGA)  More Company Research Source: Marketwire
US:NASDAQ Investor Relations: magnegas.com
PDF TAMPA, FL -- (Marketwired) -- 01/22/18 -- MagneGas Corporation ("MagneGas" or the "Company") (NASDAQ: MNGA), a leading clean technology company in the renewable resources and environmental solutions industries, today announced record industrial gas and welding supplies sales of $1.0 million for the fourth quarter of 2017. Preliminary industrial gas and welding supplies for the full year 2017 were also a record for the company at $3.7 million, which represents a 32.3% increase in year-over-year sales. Final sales figures for 2017, including consulting and unit sales will be released shortly, as part of a full summary of company results. With the recent strong revenue growth, management also announced a significant expansion plan in the first quarter of 2018. First, the Company has expanded its sales efforts into Pasco County to the north of existing sales operations. Second, the Company has expanded sales efforts into the Orlando market, which is one of the large [Read more]

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