MagneGas Adds International Leadership to Executive Team (source: marketwire)
SOURCE: MagneGas Corp.
Appoints Ingersoll Rand Veteran Ermmano Santilli as EVP of International Relations
TAMPA, FL–(Marketwire – April 1, 2010) – MagneGas Corporation (“MagneGas” or the “Company”) (OTCBB: MNGA), a producer of a metal working fuel and natural gas alternative made from liquid waste, announced today that it has appointed Ermmano P. Santilli as its Executive Vice President of International Relations.
Based in Belgium, Mr. Santilli will oversee all international business development, including customer acquisition, marketing, public relations, contract negotiation and distributor relationship management. His overall focus will be the commercial launch of the MagneGas™ Technology in overseas markets.
Mr. Santilli has served in leadership roles with global giant Ingersoll Rand from 2003 – 2009, most recently as Vice President of Climate Control Business, Global Rail and Aftermarket. In this capacity he oversaw a department that generated over $270 MM in sales and $80 MM in operating income. He managed sales, business development, product management, warehousing, dealer development with indirect procurement, manufacturing and engineering. Mr. Santilli also drove development of new business and rail markets in Australia and India. He previously held positions in finance and accounting for Thermo King Europe and Shared Services Europe. Mr. Santilli earned an MBA from Indiana University (2007) and a BS in Operations and Strategic Management from Boston College (1991).
“We are very proud to welcome Ermmano to the MagneGas team,” stated MagneGas President Richard Connelly. “For a Company of our size to secure a corporate leader with such credentials and experience is a significant victory indeed. His intimate understanding of each of our key international markets helps us accelerate business plan execution, and his deep knowledge of all business systems immediately bolsters MagneGas as a whole. Moreover, Ermmano’s addition further strengthens the familial fabric of our Company, one typified by honesty, integrity and dedication to mission.”
To be added to the MagneGas investor email list, please email justin.davis@cirrusfc.com with MNGA in the subject line.
About MagneGas Corporation (www.magnegas.com) Founded in 2007, Tampa-based MagneGas Corporation (OTCBB: MNGA) is the producer of MagneGas™, a natural gas alternative and metal working fuel made from liquid waste such as sewage, sludge, manure and certain industrial and oil based liquid wastes. The Company’s patented Plasma Arc Flow™ process gasifies liquid waste, creating a clean burning fuel that is essentially interchangeable with natural gas, but with lower green house gas emissions. MagneGas™ can be used for metal cutting, cooking, heating or powering bi fuel automobiles.
FORWARD-LOOKING STATEMENTS
The information contained herein includes forward-looking statements. These statements relate to future events or to our future financial performance, and involve known and unknown risks, uncertainties and other factors that may cause our actual results, levels of activity, performance, or achievements to be materially different from any future results, levels of activity, performance or achievements expressed or implied by these forward-looking statements. You should not place undue reliance on forward-looking statements since they involve known and unknown risks, uncertainties and other factors which are, in some cases, beyond our control and which could, and likely will, materially affect actual results, levels of activity, performance or achievements. Any forward-looking statement reflects our current views with respect to future events and is subject to these and other risks, uncertainties and assumptions relating to our operations, results of operations, growth strategy and liquidity. We assume no obligation to publicly update or revise these forward-looking statements for any reason, or to update the reasons actual results could differ materially from those anticipated in these forward-looking statements, even if new information becomes available in the future. The safe harbor for forward-looking statements contained in the Securities Litigation Reform Act of 1995 protects companies from liability for their forward-looking statements if they comply with the requirements of the Act.