MagneGas Engages Cirrus Financial Communications to Build Visibility, Marketability and Liquidity

TAMPA, FL--(Marketwire - February 23, 2009) - MagneGas Corporation ("MagneGas" or the "Company") (OTCBB: MNGA), a producer of a metal cutting fuel and natural gas alternative made from liquid waste, today announced that it has engaged Cirrus Financial Communications, LLC ("Cirrus") to provide comprehensive financial marketing and investor relations services.

The goals of the proprietary Cirrus Stock Launch Program are tightly defined: maximize financial brand awareness, create a deep and highly relevant investor audience, achieve a fully liquid stock and assist the Company in attaining a listing upgrade to NASDAQ -- and accomplish these goals in the shortest time possible. Cirrus will strategically customize its program to best meet MagneGas' unique needs and help MagneGas achieve its potential in the clean tech and alternative fuels space.

"We have a vision of a cleaner planet, and a supporting business model that offers real returns, not just tantalizing promise," stated MagneGas Chairman and CEO Dr. Ruggero Santilli. "We sought out an investor relations firm with a complementary vision, and we found it in Cirrus. Their enthusiasm, energy and dedication to our cause have been evident from the start, and theirs is the rare IR leadership that can boast of a background in environmental conservation. We believe that with Cirrus we are best positioned to rapidly grow investor awareness and form the sort of strategic relationships necessary to fully commercialize our technology."

"Clean tech is no longer just about ideology -- it is now also about good business, and the smart money is taking notice," suggests Justin Davis, Cirrus Managing Partner. "With the rest of the capital markets frozen in 2008, investments in clean tech actually increased by 68%, up to $4.7 billion. With its patented technology that turns a community pollutant into a clean fuel, we see MagneGas as well poised in this market. Like few others in the sector they realize it is not enough to have grand dreams -- you must have readily available opportunities to monetize your technology. With the immediately addressable market of fuel for metal cutting MagneGas has done just that. We are honored to work with a company whose values and culture are so similar to ours, and we strongly believe that MagneGas offers hope for the future, both for the environment and for investors alike."

To be added to the MagneGas investor email list, please email justin.davis@cirrusfc.com with MNGA in the subject line.

About MagneGas Corporation

Founded in 2007, Tampa-based MagneGas Corporation (OTCBB: MNGA) is the producer of MagneGas™, a natural gas alternative and metal cutting 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 significantly lower green house gas emissions. MagneGas™ can be used for metal cutting, cooking, heating or powering bi-fuel automobiles.

About Cirrus Financial Communications, LLC

Denver, Colorado-based Cirrus is a financial marketing and investor relations firm specializing in creating liquidity for emerging growth stocks and piloting its clients to a NASDAQ listing upgrade. Cirrus develops its clients' financial brand identity, builds an educated and opt-in investor audience using Web 2.0 communications tools and elevates its clients' reach through best-in-class broker and institutional outreach. Please visit www.CirrusFC.com.

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.