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Thursday, December 24, 2009, 10:19PM ET - U.S. Markets closed early today. Dow Up 0.51% Nasdaq Up 0.71%
Magnegas Corporation (MNGA.OB)At 11:46AM ET: 0.09  Up 0.02 (28.57%)  
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Magnegas Corporation
150 Rainville Road
Tarpon Springs, FL 34689
United States - Map
Phone: 727-934-9593
Web Site: http://www.magnegas.com

DETAILS 
Index Membership:N/A
Sector:Industrial Goods
Industry:Waste Management
Full Time Employees:N/A

BUSINESS SUMMARY 
MagneGas Corporation, a development stage enterprise, focuses on recycling liquid waste into useable byproducts, including a hydrogen based fuel named Magnegas. The company sells Magnegas for the metal working industry, and is seeking to sell equipment and distributorships in various parts of the world. It has a strategic alliance agreement with Eprida Power and Life Sciences Company for the combined use of a MagneGas/EPRIDA system to produce carbon-negative, oxygen-positive fuel, a top soil supporting amendment, and other environmentally friendly byproducts; TIES International to sell MagneGas technology in Middle East petroleum countries; and Envirotek. The company was founded in 2007 and is based in Tarpon Springs, Florida.
Key Statistics

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    KEY EXECUTIVES 
     PayExercised
    Dr. Ruggero Maria Santilli , 74
    Chairman and Chief Exec. Officer
    $ 0N/A
    Mr. Richard Connelly , 63
    Pres
    $ 29.00KN/A
    Ms. Luisa Ingargiola , 42
    Chief Financial Officer, Sec.
    $ 0N/A
    Dollar amounts are as of 31-Dec-08 and compensation values are for the last fiscal year ending on that date. "Pay" is salary, bonuses, etc. "Exercised" is the value of options exercised during the fiscal year.
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