Tampa-based MagneGas Corp., a technology company that counts among its inventions a patented process that converts liquid waste into MagneGas fuel, is open for business in North Florida through its new joint venture company E.S.S.I. North. This new location will expand distribution and service capability into North Florida and will significantly increase revenue opportunities, the company says in a press release.

A previously announced 50-50 joint venture company was established through an agreement with fabrication and fencing company, Suwannee Ironworks, an existing client. Through this new location, the company says it will now be able to directly distribute MagneGas, hard goods and other gases in areas not currently serviced such as North Florida and Georgia.

MagneGas subsidiary, E.S.S.I. is providing the inventory, proprietary distributorships, accounting and billing management. Suwanee Ironworks is providing the commercial location, shipping, transportation, and personnel to operate the new location. The company anticipates that this new joint venture will allow the service of customers that have indicated an interest in working with MagneGas, but preferred a full service welding supply company local to their area. Sales have formally initiated, with final location improvements and phone lines expected Oct. 14 and the formal grand opening planned on Dec. 4.

"We have been working hard to get operations initiated at our new location. We are pleased that initial sales have begun. We are now in a position to provide product to North Florida and South Georgia, which is a location previously without service. This is just one more step in our strategy to expand MagneGas2 sales and continue to expand our recurring revenue base," says Ermanno Santilli, CEO of MagneGas.